Construction Goes Vertical at Miami Worldcenter’s 78,000 SF Jewel Box Retail Building

As development continues throughout Miami Worldcenter’s 27 acres, vertical construction is now underway and progressing quickly at one of the last remaining retail components in the $4 billion, master-planned mixed-use project. Slated for completion in the second quarter of 2022, the iconic ‘Jewel Box’ building will feature two levels with approximately 78,000 SF of retail space including an expansive rooftop overlooking the development’s World Square plaza. Featuring a modern design enclosed with floor-to-ceiling glass, the Jewel Box is located at the confluence of 7th Street Promenade and World Paseo open-air retail pedestrian streets, directly west of the upcoming citizenM boutique hotel and north of luxury apartment tower Bezel at Miami Worldcenter. 

More than 150,000 sSF of retail space at Miami Worldcenter has already been completed, with another 130,000 SF currently under construction and nearing delivery. Newly announced restaurant tenants set to open in 2022 include Chicago’s Maple & Ash and etta, and Miami chef Michael Beltran’s Brasserie Laurel and El Vecino. 

“The final elements of this world-class retail development plan are coming together, and the design and concept for the signature ‘Jewel Box’ element reflects the strong feedback we’ve received from brands from around the world and across South Florida,” said developer Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “Traditional retailers, food and beverage, and entertainment concepts see value in having a presence in a well-located, well-connected site combining residential, hotel, office and retail uses within a single master-planned development.” 

As the largest private development underway in Florida, Miami Worldcenter features a diverse mix of residential, commercial and hospitality properties complemented by a total of 300,000 SF of  retail, restaurant, and entertainment businesses. These include two completed residential buildings: the 60-story Paramount Miami Worldcenter condominium and the 43-story Caoba luxury apartment tower. Construction is nearing completion at ZOM Living’s 43-story Bezel at Miami Worldcenter residential tower and at the 351-room citizenM hotel, both of which are expected to open later this year.  

Complementing Miami Worldcenter’s open-air retail will be World Square, a 20,000 SF public plaza and park. Designed as a central gathering place and outdoor event space, World Square will serve as the heartbeat of the city-within-a-city featuring an abundance of shade trees, works of art by local and international artists, and oversized, pedestrian-friendly sidewalks lined with dining, entertainment, and retail concepts. 

Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Pérez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Center for the Performing Arts; and Miami Dade College’s Wolfson Campus. It is also adjacent to Brightline’s MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach, and Orlando, together with access to Tri-Rail, the Metromover, and the Metrorail, making Miami Worldcenter the largest and most connected transit-oriented development in Florida.  

Temakase Sushi Bar From NYC's East Village To Open In South Florida At Atlantic Village In Hallandale Beach

The popular Japanese handroll sushi bar which made waves with its first location in New York’s trendy East Village will open their first brick-and-mortar location in South Florida after hosting a successful pop-up experience at the Sagamore Hotel in Miami Beach. Temakase will join the dynamic roster of restaurant tenants at the mixed-use Hallandale Beach lifestyle plaza, Atlantic Village. Atlantic Village is being developed by the Mexico City-based Group Eco. Temakase is part of Atlantic Village’s third phase, set for completion by the end of 2021.

“We are thrilled to welcome Temakase to the compelling retail and restaurant mix at Atlantic Village,” Grupo Eco Real Estate Developer Daniel Chaberman said. “Our goal was to bring unique and fun restaurant and retail options to the area, and we are excited to see it all coming together.”

Founded by restauranters Anthony Shnayderman and Liron Michaeli, Temakase offers an authentic omakase experience with a more affordable price tag. Omakase is a Japanese term that roughly translates to “I’ll leave it up to you,” meaning the chef curates the menu with a variety of handroll tasting options. In addition to the chef’s choice menus, customers also have the option of choosing from an à la carte menu.

“Temakase offers the experience of getting to sit in front of a chef who will custom create a meal for you using the freshest ingredients,” Shnayderman said. “After seeing how well our concept was received at the Sagamore, we wanted a permanent South Florida location and Atlantic Village checked all the boxes.”

Located at 601, 701 and 801 N. Federal Hwy., Atlantic Village is bringing a wide variety of restaurants to its diverse retail lineup that also includes service-oriented retail, entertainment, office and medical tenants.

The first phase is fully opened and features many food-and-beverage tenants including: Crudos Fusion Art, Doggi’s Arepa Bar, Dr. Limon Ceviche Bar, Juice Mafia and The Blues Burgers. Phase two restaurant tenants include Holi Vegan Kitchen, Crema Gourmet, Gelato-Go, Jaffa Israel Kitchen and Wine Bar and La Piazzetta.

Mediterranean-Asian Dining Concept KAORI Miami Opens In SLS Lux Brickell

KAORI Miami, a brand-new two-story Mediterranean-Asian-inspired culinary concept, has opened in the very heart of downtown Brickell in SLS Lux Brickell. Helmed at the culinary hands of renowned Chef Fabrizio Garofolin, the all-expansive dining destination is Umai Group’s first food and hospitality venture, bringing two levels of unparalleled indulgence and entertainment to the neighborhood. KAORI offers a welcoming environment that embraces a naturalistic style, where every detail is thoughtfully curated to create a singular guest experience. From the delicately warm-toned interior, to the exceptional food and beverage programming, to the synergetic entertainment component, every extension of KAORI naturally blends to create a harmonic likeness throughout.

“We are beyond excited to finally be able to share this truly exceptional experience we’ve created at KAORI Miami, with all our guests,” says Diego Pagola, Creative Director of Umai Group & KAORI Miami. “Intention has been a very important factor in our conception of the brand, in creating an environment where our guests can feel welcome and at home. Every pillar put into this project lends to KAORI’s harmonic journey through the senses, led through gastronomy, music, and design.”

Upon arrival, guests will find the entrance to the 4,500 SF restaurant at the ground level of SLS LUX Brickell, where they will be greeted by KAORI’s signature bar and lounge area. Appealing to those looking for an inviting neighborhood spot with an authentic evening-time vibe, the bar and lounge area also brings an inspired mixture of entertainment, live music, and exotic instrumentals from a wide range of cultures. The music component of the space plays a fundamental role in establishing the identity of KAORI as a whole, lending to the curation of the venue’s full-sensory guest experience. A signature KAORI playlist is also available for anyone to follow, offering guests a unique KAORI takeaway experience that alternates bi-weekly.

Beyond the bar and lounge space, guests will come across a dimly lit staircase, which elegantly links to KAORI’s spacious upstairs dining area. Here, Chef Fabrizio Garofolin serves as the heartbeat of the restaurant, creating a beautiful balance between modern and time-honored techniques while combining the two worlds of Mediterranean and Asian cuisine. Chef Fabrizio unleashes his culinary artistry with a menu that exudes a diverse and sophisticated fusion of flavors, colorful and texturally rich ingredients. Highlighting Chef’s farm-to-table practices, and the sourcing of local ingredients and quality fresh fish, KAORI’s menu offers an eclectic culinary journey through land and sea. Guests can look forward to signature menu items such as authentic cuts of A5 Japanese Miyazaki Kobe Strip Loin with Shiso Chimichurri, Furikake Chicharron with Yuzu Mojo, Yellow Fin Tuna with Charred Avocado and Miso Sweet Potato Puree, home-made Short Rib Dumplings with Manchego Foam, and Kabayaki Glazed Seabass.

“Food is the purest reflection of the soul of a chef. It’s the way we show our passion for innovation and creativity in our menu,” says Chef Fabrizio Garofolin, Executive Chef of KAORI Miami. “Apart from our uniquely different Mediterranean-Asian style cuisine, KAORI’s menu offers a genuine culinary experience that lets our guest’s tastebuds travel around the world without ever having to leave their table.”

Aside from an incredible culinary focus, guests can also expect a sublime cocktail, wine, and sake programming. Prominent local bartender, James Mcleenes, serves as KAORI’s lead Bar Manager, where he incorporates a variety of innovative ingredients from different cuisines into the signature cocktail menu. Pulling influence from his residencies in Sydney, New York City, and Miami’s bar scene, James’ approach is minimalist, flavor-focused, with a notable emphasis on execution and elegant presentation. KAORI’s wine and sake offerings are spearheaded by two powerhouse women, Macarena Carrillo and Mariel Dalmau, who double as the founders of the natural wine social club, Grape Crush Miami. Their method creates a sustainable and innovative program, blending classics while simultaneously pushing boundaries.

Esteban Bressan’s vision was brought to life as a collaborative initiative between critically-acclaimed Miami-based design firm Spazio/Bressan and Interior Image Group (IIG), every space within the two-story concept was designed to offer an authentic, harmonic ambiance to enhance the guest’s overall experience, that is: the KAORI experience. Bressan’s multi-disciplinary vision for KAORI entwines both Mediterranean and Asian-influenced design elements with a natural and minimalist undertone. The bright, open, airy space exudes a balance between sophistication and casual comfort that celebrates simplicity through a modest palette of organic materials. Light-toned wall finishes and flooring contrasts with darker design elements, giving the venue a sense of inviting warmth. Lush greenery enlivens the space and adds another layer to the natural look and feel, building onto the connection between the location’s urban setting and nature.

“The best interiors evoke a mood. They're an extension of our lifestyle. They entertain, provide solace, bring us closer together, and welcome us home,” says Esteban Bressan, Founder of Miami-based design firm Spazio/Bressan.

Images via Sofia Barroso FIID Agency

Images via Sofia Barroso FIID Agency

Modern Chinese Dinner Club Concept Jia Opens in Miami Beach's South of Fifth Neighborhood

A brand new modern Chinese Dinner Club bringing elevated Cantonese-style cuisine and eclectic elegance has opened in Miami Beach’s South of Fifth neighborhood in South Beach. Led by local restaurant veteran and hospitality entrepreneur, Ken Ray, Jia, is the first concept to introduce elevated Chinese cuisine to the area, spearheaded by award-winning internationally renowned Executive Chef Weng Choon “William” Lai, with notable expertise in the Modern Cantonese Culinary Arts. Jia extends the ultimate upscale South Beach dining and nightlife experience, in a relaxed and welcoming setting that fuses high-style design with an edgy yet sophisticated ambiance.

“We are beyond thrilled to finally be able to open the doors to Jia and bring such a unique experience to the South of Fifth area – a genuine synergistic fit,” says Ken Ray, Owner of Jia. “From the very start, we let the neighborhood and space dictate the Jia concept. The South of Fifth community has the heart of a small island in the Pacific, and the vibrancy of an exceedingly electric city. There couldn’t be a more ideal spot for Jia’s introduction in Miami.”

Jia’s menu presents an elevated combination of authentic Cantonese-style Chinese dishes with a contemporary spin on the classics, that exudes an elegant fusion of ingredients and flavor profiles. The restaurant’s executive chef, Weng Choon "Wiliam" Lai, has earned him many awards, including the Gold Award at the Chinese Cuisine World Championship Competition (2016), the Gold Award at the 19th FHC China International Culinary Arts Competition (2017), and the Asian Gourmet Chef Individual Special Gold Award (2017). Having held lead roles in multiple prestigious restaurants in Beijing, Thailand, Cambodia, and Macau, including the Michelin guide-listed Pak Loh Chiu Chow restaurant in Macau, Jai’s culinary focus is poised to raise the bar for modern Chinese cuisine standards, beyond that of just South Beach.

One of Jia’s standout dishes is Chef’s Master Char Siew, an iconic honey-roasted pork dish representative of authentic Chinese BBQ culture, that has long been a staple of tradition in Chef Weng Choon’s hometown. Chef adds his own creative take to the dish by infusing white wine as the star ingredient, to replace the norm Chinese Rice Wine.

There is also a specialty late-night menu available Thursdays through Saturdays, from 11PM-1AM, featuring a diverse selection of delicious bites such as Edamame Dumplings, Crispy Honey Garlic Chicken, Prawn Siew Mai, and many more.

“Jia’s menu fuses authentic Chinese delicacies with a contemporary twist that emboldens each dish with a variety of seasonings and spices to create that strong depth of flavor,” says Chef Weng Choon “William” Lai, Executive Chef of Jia. “It’s a really exciting menu that doesn’t fall short on offerings for guests to enjoy from Jia’s Crispy Mushroom Salad, to Black Truffle Sticky Rice, Short Rib Dumplings, Pekin Duck, Alaska Crab Cream Egg, and so much more!”

Jia’s cocktail program is led by acclaimed local bartender and internationally-recognized Bartender of the Year Finalist at the 2013 United States Bartenders’ Guild and DIAGEO World Class U.S. Bartender Competition, Michael Parish. Having worked alongside some of the city’s top bartenders at two of Miami’s local’s favorite establishments, Broken Shaker and Sweet Liberty Drinks & Supply Co., Parish has designed a uniquely elevated cocktail menu to perfectly complement Jia’s signature Chinese cuisine.

One of the menu’s headliner cocktails is the delicately crafted Jungle Bird, made with Baijiu, Mezcal, Strawberry-Infused Apertivo, Grilled Pineapple, and Fresh Lime. Guests can also look forward to a tableside cocktail service and an extensive champagne pairing program, available by the glass and bottle.

Jia’s ambiance embodies the playfully polished vibe of its South of Fifth neighborhood home, with a design that reflects Jia’s bold personality and inherent cultural definition of appreciation and affection. An inspired fusion of Chinese, Art Deco, and Tropical Flair, merge to emit a high-energy spirit that reflects edgy modern elegance throughout the 2,500 sqft. space. International design consultation firm, Casa Conde & Associates, worked hand-in-hand with Jia’s founder, Ken Ray, to conceptualize every minute detail of the venue, from the Chiang Mai Dragon veiled walls to the rustic natural wood accents and focal bamboo chandeliers.

At the middle of the dining room area lies an inviting 12 person seated wrap-around marble bar. Here, Ray tapped famed Miami Ink tattoo artists, Ami James and Morgan Pennypacker to create custom hand-painted Asian tattoo-styled murals to complement the bar’s Raffia backdrop adorned with vibrant detailed Chinoiserie decorative art.

The restaurant features a glamorously decorated private dining lounge and spacious outside dining patio. The private lounge area/dining room lives in the back of the restaurant, with seating for up to 25 guests, offering a closed-off space for exclusive dinner parties and elevated entertainment scheduling such as Karaoke night, which will soon roll out as one of Jia’s weekly night programs.

Jia is located at 808 1st St. in Miami Beach.

Images via World Red Eye/ Seth Browernik

Black Lion Investment Group Acquires Former Katsuya Space In SLS LUX Hotel & Residences Brickell For $13.5 Million

Black Lion Investment Group has acquired the former Katsuya space in the SLS LUX Hotel & Residences in Brickell from The Allen Morris Company and Related Group for $13.5 million. The 11,412 SF restaurant suite is located at 8 SE 8th St. and includes the S Bar component as well. The space can accommodate up to 180 diners and also features an outdoor patio and an exclusive private dining area. Black Lion Investment Group plans to bring in a world-class flagship restaurant to the space which they expect to open in late 2021 or 2022. The off-market transaction was overseen by Fabio Faerman and Sebastian Faerman of FA Commercial with Fortune International Group.

Black Lion Investment Group is led by Robert Rivani and has spent $38 million in Miami over the past sixty days, including the Wynwood Arcade and Amara at Paraiso. They also own the Brickell Bay Boardwalk where another restaurant concept is planned.

“Miami, and Brickell in particular, is on a trajectory to evolve into the Manhattan of the Southern United States. Black Lion is thrilled to be part of Miami’s growth story by bringing even more world-class food and beverage offerings to Miami’s already thriving dining and nightlife scene,” said the firm’s president, Robert Rivani. “We’re exuberant about redeveloping this prized restaurant space in one of the hottest markets in the country.” Mr. Rivani continued, “When you examine what people are most willing to get out of the house and spend time and money on post-pandemic, it’s largely the hospitality experiences that simply cannot be recreated at home. We’re betting on Miami’s year-round residents and visitors continuing that trend indefinitely, enjoying the unique atmosphere of this cosmopolitan city throughout the year. We’re working to identify the restaurant concept that best complements Brickell’s vibrant, electrifying spirit, whether that’s a flagship location of an existing high-end brand or an entirely new chef-driven vision.”

SLS LUX Hotel & Residences is a luxury hotel-condo tower which was completed in 2018 and co-developed by The Allen Morris Company with Related Group. The developers announced the complete sell-out of the 450-unit luxury tower in February 2018. SLS LUX Hotel & Residences is located just steps from Brickell City Centre in Miami’s Brickell neighborhood at 801 S Miami Ave. The building was designed by Arquitectonica offers a mix of 450 residences and 78 hotel suites that blend exquisite décor by Yabu Pushelberg. SLS LUX Hotel & Residences also features world-class art throughout the building and exclusive lifestyle amenities and services including a spa, gym, lower pool deck, rooftop pool, outdoor theatre, rock climbing wall and tennis court.

Images via The Allen Morris Company

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The First Restaurants Opening In Downtown Miami's $4 Billion Miami WorldCenter Megaproject Are Announced

The first four restaurants coming to Miami Worldcenter, the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami, have been announced. The development’s ownership has completed leases with Chicago-based steakhouse Maple & Ash, set to open its first location in Florida; etta, a neighborhood restaurant centered around a wood-fired hearth; Laurel Brasserie and El Vecino, both concepts by Miami chef Michael Beltran. The leases combine to over 30,400 SF of indoor and outdoor space along Miami Worldcenter’s open-air entertainment promenades and mark the first tenants to lease space in Miami Worldcenter. All four concepts are expected to open in 2022.

“Our team is thrilled to unveil a stellar lineup of restaurants opening at Miami Worldcenter, with Maple & Ash, etta, Laurel Brasserie and El Vecino setting the tone for what’s to come. These restaurants exemplify the quality of the tenants and the experience we are curating for Miami Worldcenter’s residents and visitors,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “Bringing to life the retail components of Miami Worldcenter’s master plan is critical to transforming our 27-acre site into a thriving open-air destination, and we look forward to announcing additional retail concepts in the coming weeks and months.

The lavish Maple & Ash offers a modern take on a traditional steakhouse. Two-time Michelin-star Chef Danny Grant presents classic wood-fired dishes while offering diners an elegantly seductive experience. At Maple & Ash’s original Chicago location, the restaurant’s wine list has been named “one of the most outstanding in the world” by Wine Spectator. Maple & Ash will be located along World Square at the corner of Miami Worldcenter’s 7th Street promenade and NE 1st Avenue, and will occupy 15,000 SF of indoor and outdoor space, with ground floor and second floor seating.

Developed by the creative team behind Maple & Ash, etta is a neighborhood restaurant that serves delicious wood-fired dishes, from gourmet pizzas and warm focaccia to crisp seasonal salads and family-style shared pig and lobster picnics. Just as the kitchen is the focal point of interaction within a home, etta’s open kitchen design gives guests the same intimate experience. With two existing locations in Chicago, each etta location features a wood-burning brick oven and a giant wood-fired hearth for spit roasting and grilling. Located along the eastern side of the 7th Street Promenade, etta will feature approximately 11,000 SF of indoor and outdoor space across two levels.

Local Miami Chef Michael Beltran, a 2020 James Beard Foundation Awards “Best Chef: South” semifinalist, will bring his new dining concept, Laurel, to Miami Worldcenter. Laurel will offer diners a novel take on a French brasserie with hints of Chef Beltran’s Cuban influence, which is evident across his multiple concepts, including his revered Ariete. In addition to Beltran’s inventive French-Cuban fare, guests will be able to enjoy a limited selection of Cuban treats from popular Coconut Grove diner Chug’s. The casually chic restaurant will occupy 2,800 SF of indoor and outdoor space on the ground floor of Caoba, Miami Worldcenter’s apartment tower, at the corner of the 7th Street promenade and NE 1st Avenue.

Also developed by the Ariete Hospitality Group, El Vecino will be a high-end first-class cigar bar serving a full liquor bar and light fare such as head cheese croquetas, an assortment of meat and cheese, and pastelitos by Pastelito Papi. The venue will occupy approximately 1,600 SF of indoor and outdoor space joining Laurel on the ground floor of Miami Worldcenter’s Caoba apartment tower.

Retail leasing at Miami Worldcenter is led by The Comras Company, a leading, boutique real estate firm providing retail leasing, asset sales, consulting and development advisory services throughout South Florida. The leasing team is comprised of Michael Comras, Jeff Evans and Michael Silverman.

“Projects of this size, scale and caliber don’t happen often, not in Miami and not anywhere else in the country,” said Michael Comras, president of The Comras Company. “Miami Worldcenter sits just off the intersection of the two busiest highways, surrounded by various modes of public transit, steps from the most prominent cultural institutions in the city, and the FTX arena. That, coupled with downtown Miami’s exponential growth and the influx of domestic and international residents moving in the last year, makes Miami Worldcenter the most appealing location for businesses to invest in.”

As the largest private development underway in Florida, Miami Worldcenter will feature a diverse mix of residential, commercial and hospitality uses complemented by approximately 300,000 SF of retail, restaurant and entertainment space. These include two completed residential buildings: the 60-story Paramount Miami Worldcenter condominium and the 43-story Caoba luxury apartment tower. Approximately 150,000 SF of retail has been completed with tenant build-out work set to commence in 2021, and another 130,000 SF is currently under construction and nearing delivery. Construction is nearing completion at ZOM’s 43-story Bezel Miami Worldcenter residential tower and at the 351-room citizenM hotel, both of which are expected to open later this year.

Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Perez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Performing Arts Center; and Miami-Dade College’s Downtown Miami campus. It is also adjacent to Brightline’s MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach and Orlando, together with access to TriRail, the Metromover and the Metrorail, making Miami Worldcenter one of the largest and most-connected transit-oriented development in Florida.

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Trendy Health Food Hotspot Pura Vida Opens Seventh Location In The Wellness-Oriented Aventura ParkSquare

Pura Vida, South Florida’s go-to wellness eatery, has opened its seventh all-day café in the thriving Aventura ParkSquare neighborhood. Located at 2980 NE 207th St. Suite 110 in Aventura, the new location part of the brand’s expansion plan that includes the recent addition of a second location in Miami Beach as well as West Palm Beach. Jennifer and Omer Horev, the husband-and-wife duo behind the esteemed brand, have been steadily expanding their empire since they opened the first Pura Vida location in Miami Beach in 2012, with plans in the works for several more slated to open later this year.

Pura Vida Aventura occupies over 2,000 SF of space, designed with Pura Vida’s signature breezy and casual aesthetic, traditionally associated with their other Pura Vida locations. A key design element, signature to the Aventura location specifically, draws guest’s attention with a eye-catching floral arch display that delicately drapes across the space’s entrance.

“We’re looking forward to 2021 being our biggest year yet,” said Omer Horev, Chief Executive Officer and founder of Pura Vida. “As we continue to expand into different markets and neighborhoods across South Florida, we’re constantly amazed at how well-received our brand has been in the community. It’s important to us that our growth is organic and feels right; I am not willing to compromise the core values of the brand and our vision. We’ve had our eye set on Aventura for some time and we truly believe the Aventura ParkSquare neighborhood combines the very best of modern luxury living, culture, shopping, and dining all in one destination, designed with healthy living and wellness top of mind, which is very much in line with the Pura Vida brand.”

The design-focused lifestyle brand is meant to feel like an extension of the Horev’s home, welcoming, approachable, a place in which guests are eager to come back to and are proud to call their own 'neighborhood' spot. Each location, including the Aventura spot, offers an array of all-day breakfast menu items, specialty coffee drinks, fresh salads and wraps, flavorful bowls, superfood smoothies, fresh juices, locally brewed organic kombucha, and a wide variety of gluten-and-sugar-free and vegan sweet treats, baked daily in-house and sourced using all local and organic ingredients whenever available.

“As the evolution of Pura Vida naturally unfolds, I believe the brand has matured into much more than an all-day cafe,” said Jennifer Horev, Chief Brand Officer for Pura Vida. “We’ve been steadily transforming into a lifestyle, health-conscious brand and we really enjoy working with local vendors who bring new ideas and concepts to the table. We think our vision is very much in line with the team at Aventura Park Square and we couldn’t be more excited to open the doors, bringing our accessible and nourishing foods to this new community in South Florida.”

Images via Pura Vida

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305 Concepts' Coyo Taco Signs Two New Leases In South Miami and Fort Lauderdale To Continue South Florida Expansion

As the retail and hospitality market continues to experience a rapid recovery in South Florida, regional F&B powerhouse 305 Concepts has executed two new Coyo Taco leases for locations in Downtown Fort Lauderdale and South Miami. The popular restaurant, which leads its sector, has multiple locations in South Florida and abroad and is known for its highly rated authentic Mexican street food. Colliers’ Jenny Gefen, Director - Retail, represented Coyo Taco in both of the transactions.

In South Miami, Coyo Taco will be opening in a freestanding building on US-1, formerly occupied by Spring Chicken at 1514 S. Dixie Highway. The group chose the 3,819 SF space due to its position and close proximity to the University of Miami. The landlord was represented by Cushman & Wakefield.

“This is a rare, freestanding second generation restaurant space with excellent visibility to US-1 in a highly sought-after submarket,” Gefen said. “These transactions highlight continued broad optimism over the future of the South Florida restaurant industry, and the robust strength of the market for prime retail space as we continue to move forward with positive momentum out of and past COVID.”

In downtown Fort Lauderdale, Coyo will be opening in the 2,905 SF former Suviche space at Bank of America Plaza (401 E Las Olas Boulevard). This location will be Coyo Taco’s first location in Broward County. The landlord was represented by Jeff Evans and Michael Silverman of The Comras Company.

“Las Olas is the downtown core of Fort Lauderdale and Broward County, making it a perfect fit for Coyo Taco’s first Broward County location,” said Gefen. “The restaurant is perfectly positioned at the center of the central business district, on the ground floor of arguably the top-Class A office building in Broward County, surrounded by dense and growing vertical residential.” Coyo Taco anticipates openings for both locations in Q4 of this year.

Coyo Taco’s co-founders, Sven Vogtland and Alan Drummond of 305 Concepts LLC., are also behind Wynwood’s 1-800-Lucky and The Oasis, a new 35,000 square-foot outdoor courtyard featuring six premier restaurant vendors, live performances, a fitness studio, and more.

“We have been very fortunate to find second generation spaces in markets that were difficult to penetrate pre-Covid. Our team feels that both locations fit extremely well within Coyo’s existing footprint, and we look forward to continuing our expansion throughout Florida,” said Drummond.

According to the Colliers International Q1 retail market report, the Miami-Dade retail market remained strong, with only a .3% increase in vacancy since Q1 2020.

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Black Lion Investment Group Acquires Wynwood Arcade From East End Capital for $13.25 Million

Less than one week after closing on the Amara at Paraiso restaurant property on Biscayne Bay, the Los Angeles-based Black Lion Investment Group has now acquired the luxury class A property Wynwood Arcade from East End Capital for $13.25 million. The transaction was overseen by Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors, who had listed the property for $14.5 million. Wynwood Arcade was 65% leased at the time of sale with trendy tenets such as the popular Salty Donut, Ooh Raw, No. 3 Social, OSME and Edit Mode.

Located at 43-75 NW 23rd St., the 23,000 SF luxury retail property was developed as an adaptive reuse project by East End Capital in 2016. The redevelopment of the former warehouse won numerous architectural awards, including the American Institute of Architects Award of Excellence for Adaptive Re-Use and an AIA Merit Award for Excellence in Architecture.

“This trophy property represents another key investment in Black Lion’s Miami expansion after our recent acquisition of Amara at Paraiso,” said Robert Rivani, President of Black Lion Investment Group.

Rivani is planning transform the Wynwood Arcade with a $1 million renovation led by Kobi Karp Architecture & Interior Design. The renovation and updates will include the addition of outdoor dining areas on the ground floor and rooftop. Rivani is also planning to bring a new nightlife concept to the rooftop.

Wynwood is a must see for tourists and locals and is known for its instagramable murals and one-of-a-kind dining and retail experiences. Conveniently located in the heart of Miami’s Wynwood neighborhood, the property represents a prized parcel of real estate in one of the hottest markets in Florida. Known for its vibrant cultural scene, art, and eclectic nightlife.

Black Lion Investment Group’s portfolio of properties in Florida includes the recently acquired Amara at Paraiso commercial property as well as the renovated Crystal Cove Commons and Brickell Bay Boardwalk. The Los Angeles-based firm recently acquired the Tucson luxury retail center Oracle Wetmore for $38 million.

Imagery via Black Lion Investment Group

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Sam Nazarian's New Dining And Delivery Platform C3 Hospitality Inks Lease For 10K SF In CocoWalk

Hospitality mogul Sam Nazarian’s new dining and delivery platform C3 Hospitality is coming to Coconut Grove after inking a lease at CocoWalk. The innovative dining hospitality platform will occupy 10,000 SF at CocoWalk, located at 3015 Grand Avenue in Coconut Grove, and is expected to open in 2022. C3 Hospitality will have an office where they will operate the newly launched CitizensGo app as well as a test kitchen and culinary space.

CocoWalk recently underwent a full redevelopment led by Federal Realty Investment Trust with partners The Comras Company and Grass River Property. CocoWalk is four-stories tall and features 150,000 SF of prime retail, dining and entertainment space. The property’s east end also includes Class A office space.

Nazarian is the founder of SBE, the hotel and hospitality brand behind the SLS, Delano, Hyde and Mondrian hotel brands as well as Katsuya and Fi’lia restaurant brands, amongst others; but recently sold his remaining share of ownership to Accor.

C3 Hospitality operates a variety of initiatives including ghost kitchens, food halls and fast casuals which bring together a selection of proprietary brands around multiple distributions points for fast delivery. In Coconut Grove C3 Hospitality will operate the newly launched CitizensGo app which allows users to order directly from a selection of curated restaurants which are all located in the same location in a single shopping cart/ order to save on delivery fees and offering the ability to mix-and-match from different eateries. C3 Hospitality’s concepts include Umami Burger, Krispy Rice, EllaMia, Plant Nation and Sam’s Crispy Chicken.