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

For more information about commercial sales or leasing in Wynwood, private showings or availability/ pricing information please fill out the form below:

Black Lion Investment Group Acquires Bayfront Amara at Paraiso Property For $12.1 Million From Related Group

The Los Angeles-based Black Lion Investment Group has acquired the trophy waterfront restaurant building Amara at Paraiso, located at 3101 NE 7th Ave., from Related Group. The deal was overseen by Fabio Faerman and Sebastian Faerman of FA Commercial with Fortune International Group, who represented both Black Lion and Related Group in the transaction. Amara at Paraiso is a 12,300 SF commercial property and is one of the only free-standing restaurants in Miami located directly on Biscayne Bay. James Beard Award winning chef Michael Schwartz’s Genuine Hospitality operates the popular indoor-outdoor dining space.

“We are thrilled to be a part of the vibrant retail and fine dining experiences that are making Miami the go-to destination in a post COVID-19 world. We believe this is the first step in a multi-faceted approach to creating new experiences within the Miami community,” said Robert Rivani, President of Black Lion Investment Group.

The unique Class A experiential retail and dining facility was built by Related Group as part of the 11-acre Paraiso District, which the development firm delivered in 2018. The Paraiso District consists of the 384-unit Paraiso Bayviews, the 357-unit Paraiso Bay, the 317-unit Gran Paraiso, the 276-unit One Paraiso, and seven standalone townhomes at Paraiso Bay Homes.

Black Lion Investment Group’s portfolio of properties in Florida includes the recently 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 Genuine Hospitality Group

For more information about commercial sales or leasing in Edgewater, private showings or availability/ pricing information please fill out the form below:

The Collection Breaks Ground On Jaguar Land Rover Dealership Expansion In Coral Gables

Ugo Colombo and Ken Gorin are expanding THE COLLECTION with the addition of a new Jaguar Land Rover dealership at the intersection of U.S. 1 and Ponce de Leon Blvd. in Coral Gables. The luxury car dealership broke ground on the new building after locking down a $64.5 million construction loan financed by JPMorgan Chase Bank. Burke Construction Group is the general contractor on the project.

The new Jaguar Land Rover dealership will be located on a 1.68-acre site at 125-163 S. Dixie Highway and will span nearly 500,000 SF of total development with room for over 800 cars when complete. The dealership will feature a 60,935 SF showroom and a 40,728 SF service station along with a car wash.

Miami is one of the largest markets for luxury vehicles in the United States and THE COLLECTION is consistently one of the top ranked luxury dealerships in the country.

Deco Capital Group's Mixed-Use Office Development Eighteen Sunset Approved In Sunset Harbour

One of South Florida’s most in-demand neighborhoods is getting a new offering of residential and commercial space following the approval of Eighteen Sunset, a mixed-use development set to rise in Miami Beach’s Sunset Harbour district. Eighteen Sunset is being developed by Deco Capital Group and was designed by DOMO Architecture + Design.

The five-story building will feature street-level retail and restaurant space, two floors of Class A offices, and an exclusive top-floor penthouse residence with a private rooftop deck. Plans for the development won unanimous approval from the Miami Beach City Commission on May 12, 2021. Construction is scheduled to begin in late summer 2021, with completion anticipated in 2023.

Situated between Purdy Avenue and Bay Road, overlooking Biscayne Bay and Maurice Gibb Park, Eighteen Sunset will offer unmatched walkability and accessibility in the heart of Sunset Harbour, which has emerged as one of South Florida’s hottest lifestyle, retail and dining destinations.

“Eighteen Sunset will be a premier address for shopping, dining, working and living just as Miami Beach enjoys a surge of new residents and businesses,” says Deco Capital Group Founder Bradley Colmer. “No other building in Miami Beach offers this level of Class A, luxury office and prime retail space looking out onto the water. The penthouse residence will be an unparalleled home in the sky in the center of Miami Beach’s most exciting neighborhood.”

The crown jewel of Eighteen Sunset is a penthouse residence featuring more than 15,000 SF of interior space as well as a breathtaking rooftop pool deck. The residence comprises over 32,000 SF of private indoor and outdoor space in total. The rooftop includes a pool and hot tub, an outdoor dining room, and expansive gardens, seating and recreational areas affording the owner and their guests panoramic vistas of Biscayne Bay, the Downtown Miami skyline, and evening sunsets to the west. The penthouse owner will have private ownership and use of a ground floor foyer/lounge, as well as a private garage accommodating at least six cars on the building’s second floor, offering direct elevator access to the residence.

“The Penthouse at Eighteen Sunset will be the pinnacle of luxury and exclusivity in Miami Beach, making it unlike any private residence the city has seen,” says Oren Alexander of Douglas Elliman. “This is perfect for a buyer drawn to the idea of taking an elevator down to the ground floor and being immersed in a vibrant, walkable neighborhood that offers everything from sidewalk cafés and coffee shops, to trendy boutiques and a marina across the street. All of this is available in a building offering beautiful views and the amenities and security features of a world class building.”

Eighteen Sunset’s ground floor totals approximately 15,500 SF of high-visibility, rentable commercial space, offering retail and restaurant concepts prime frontage along pedestrian-friendly Purdy Avenue. A central breezeway and cantilevered sidewalk cover will feature shaded seating areas and create seamless connectivity with Maurice Gibb Park.

Floors three and four will be comprised of approximately 32,000 SF of Class A-plus office space tailor made for finance and investment firms, family offices, technology firms, and professional service companies in the market for space offering waterfront views, proximity to Miami’s most desirable residential neighborhoods, and Sunset Harbour’s stylish mix of shops and eateries just steps away. Office tenants will have secure parking on the building’s second floor.

“Today’s office users are placing emphasis on planning and building custom-designed space in areas that are walkable, accessible, and which offer proximity to outdoor recreation. Eighteen Sunset checks all of these boxes – and more,” explains Stephen Rutchik of Colliers International. “We are finding that Eighteen Sunset’s best in class data connectivity, sustainability initiatives, private balcony spaces, and 24/7 full building generator for all tenant systems are appealing to firms looking to establish their presence in one of Miami’s most sought-after districts.”

Stephen Rutchik of Colliers International is leading leasing the Eighteen Sunset’s office space, Sara Wolfe of Koniver Stern is marketing the retail offerings, and Oren Alexander of Douglas Elliman selling the penthouse.

For more information about Eighteen Sunset or commercial leasing in Sunset Harbour, private showings or availability/ pricing information please fill out the form below:

Kobi Karp-Designed Time Century Jewelry Center Secures $23.6 Million Construction Loan

Time Century Jewelry Center in Downtown Miami, led by real estate developer Yair Levy, has locked down a $23.6 million construction loan from City National Bank of Florida. The loan will fund phase 1 of the development which is scheduled to open in mid-2022. The construction crew is now working at installing a new HVAC system, building partition walls for the tenants, installing new plumbing and rewiring the electrical power system.

Time Century, formerly known as Metro Mall, is located at 1 NE First St. and spans 225,000 SF. The retail center is undergoing a $50 million renovation led by renowned architect Kobi Karp. With glass storefronts, soaring ceilings, elegant escalators and elevators, and state-of-the-art security, Time Century will be the first luxury high street retail property in Miami’s jewelry & diamond district.

Once completed, the jewelry center will offer four floors of luxury jewelry retail and wholesale space as well as four additional floors of offices. A large three-story atrium with newly designed escalators and computerized directories will seamlessly direct customers throughout all levels. Most tenants will have unobstructed signage viewable from the main floor. Customers will also benefit from Time Century’s valet parking service and the several newly-built public parking garages steps away from the building.

The wholesale retail space currently available ranges from 500 SF to 2,000 SF with rental rates ranging from $65 to $150 PSF.

For more information about commercial leasing in Downtown Miami, private showings or availability/ pricing information please fill out the form below:

Popular Miami-Based Sushi Concept Omakai To Open In Coconut Grove

OMAKAI sushi will be expanding its fine casual, high-quality sushi concept beyond its original restaurant in Wynwood by opening in the heart of Coconut Grove in early 2022.

OMAKAI sushi launched in November 2019, and is the brainchild of two brothers, Diego and Pedro Quijada, along with Nicolas Sayavedra and Chef Aaron Pate. The team’s combined hospitality experience and passion for gastronomy led them to create this sushi concept, with omakase at the helm. The menu features various tasting options, along with its latest ‘HOME-AKASE’ offering, which is a tasting menu to go. Most recently, OMAKAI expanded operations with a ghost kitchen in Aventura to meet growing demand for take-out and delivery.

“We’re humbled by how receptive the community has been to OMAKAI sushi since the onset,” said Diego Quijada. “We’ve had unwavering support and loyal customers who keep returning to enjoy the highest-quality, most accessible traditional sushi in Miami. Our clients have truly paved the way for our business growth and these exciting expansion plans.”

Recognizing the bourgeoning restaurant scene in Coconut Grove, the OMAKAI sushi team plans to join the neighborhood in Q1 of 2022. Set to open at 3304 Mary Street in Coconut Grove, this new location is 2,182 square feet and will seat approximately 65 guests. Located at Terra Group’s headquarters building, the latest OMAKAI sushi restaurant was brokered by Sam Noddle of Comras Company.

“OMAKAI sushi is poised to be a key player in the growing restaurant landscape of Coconut Grove. We’re confident that this new audience will embrace our fine casual, premium traditional sushi concept as they have in Wynwood. With more locations and additional concepts in the works, this is truly just the beginning,” said Pedro Quijada.

Major Food Group Continues Miami Expansion Opens ZZ's Sushi Bar In Miami Design District

Coming off the heels of the opening of Carbone Miami in the South of Fifth neighborhood, critically acclaimed global restaurant company, Major Food Group, is continuing to grow their presence in Miami with the recent opening of ZZ’s Sushi Bar, in the heart of the Miami Design District. Having officially unveiled this past Thursday, April 22, ZZ’s Sushi Bar is a Japanese restaurant and membership club, presided over by Masa Ito and Kevin Kim, two of New York City's most revered and beloved sushi chefs. ZZ’s Sushi Bar offers cuisine of the highest caliber, personalized hospitality, and unmatched amenities. ZZ’s Sushi Bar remakes the former Ember space into a high-end Japanese restaurant with a private 16-seat omakase chef’s choice sushi bar with ingredients flown in from Tokyo. An adjacent dining room serves modern Japanese cuisine with an a la carte menu, from raw dishes to cooked plates of premium Japanese beef on custom-built charcoal grills. Additional restaurants are set to open in the Miami Design District and Brickell later this year.

Miami Design District has been a hotspot for new restaurant openings. COTE, the Michelin-starred and James Beard Award-nominated KOREAN STEAKHOUSE™ and vision of proprietor Simon Kim, officially unveiled in February 2021 and is considered one of New York’s most coveted reservations. Pastry sensation Antonio Bachour will debut Bachour Restaurant and Bakery in the neighborhood in Summer 2021. Tacombi, a hospitality company born on the balmy beaches of the Yucatan in 2005, will be opening a brand-new local taqueria, sharing its love of Mexican taco culture in the Miami Design District at the end of 2021. Santa Fe News & Espresso will unveil a cozy cafe in the neighborhood later this year, French market Biltoki is slated to open up shop in 2022, and a new two-story Italian trattoria from Major Food Group will also debut in the coming future.

The Kobi Karp-Reimagined Time Century Jewelry Center In Downtown Miami Signs Long Term Lease With High Profile Diamond Dealer

Time Century Jewelry Center, which set to become the premier destination for luxury jewelry retailers, wholesalers, consumers and watch enthusiasts in Downtown Miami’s Diamond District, has signed a lease with Freddy’s Certified Diamonds & Fine Jewelry. Freddy’s, considered a pillar of the jewelry & diamond district in downtown Miami, will occupy 2,500 SF in the new luxury jewelry center which scheduled to open in the second quarter of 2022. 

Time Century, formerly known as Metro Mall, is undergoing a $50 million renovation led by renowned architect Kobi Karp. With glass storefronts, soaring ceilings, elegant escalators and elevators, and state-of-the-art security, Time Century will be the first luxury high street retail property in Miami’s jewelry & diamond district. Once completed, the jewelry center will offer four floors of luxury jewelry retail and wholesale space as well as four additional floors of offices.

The wholesale retail space currently available ranges from 500 SF to 2,000 SF with rental rates ranging from $65 to $150 PSF. The redevelopment is led by Yair Levy, who leads Time Century Holdings LLC, a real estate investment and development firm with a diversified portfolio of holdings in New York and Florida.

“We are ecstatic to welcome Freddy’s to the growing Time Century family,” said Isis Pellegrino, who handles in-house leasing for Time Century. “The quality of tenants that Time Century continues to attract will make our jewelry center Miami’s premier destination for luxury jewelry retailers, wholesalers, consumers and watch enthusiasts. Our building truly marks a new beginning for one of the largest jewelry districts in the country that continues to grow in importance.” 

Since 1975, Freddy’s Certified Diamonds & Fine Jewelry has served as the leading jewelry destination for South Floridians with an in-store and online multimillion-dollar diamond inventory. Freddy’s offers a full range of services including custom designs, special orders and even a complete in-store repair center, with a specialization in a vast selection of GIA Certified Diamonds, engagement rings and wedding bands. Freddy’s will be relocating from another location in downtown Miami. 

“We are excited to expand our store in this rapidly growing city and look forward to being part of Miami’s new premier jewelry center,” said Howard Steinlauf, co-owner of Freddy’s.

Located along NE First Street and E. Flagler Street, Miami’s vibrant jewelry district is home to more than 400 jewelry stores in a four-block radius. The district generates close to $1 billion in sales annually.

For more information about commercial leasing in Downtown Miami, private showings or availability/ pricing information please fill out the form below:

Tricera Capital And Alex Karakhanian's LNDMRK Development Acquire Cube Wynwd For $28 Million

Scott Sherman and Ben Mandell’s Tricera Capital in partnership with Alex Karakhanian’s LNDRMK Development have acquired the recently completed Class A office building Cube Wynwd for $28 million. The transaction was financed with $19.6 million in financing split between a senior loan from Amerant and a mezzanine loan from Glacier Credit Strategies which were arranged by Scott Wadler of Berkadia. Cube Wynwd was developed in 2019 by Redsky Capital in partnership with JZ Capital Partners and was financed by Bank OZK and Lionheart Strategic Management.

The building is located at 222 NW 24th St. in Wynwood. Cube Wynwd was designed by Arquitectonica and rises eight stories and offering 100,000 square feet of commercial space. Coworking operator Spaces had leased roughly 30% of the property prior to the sale. The New York-based restaurant group Kissaki also recently signed a lease for the rooftop restaurant space. Other tenants include local retailer ILLIMIT and Bonci Pizzeria.

For more information about commercial leasing at Cube Wynwd, private showings or availability/ pricing information please fill out the form below:

Freddo Gelato Seeks To Continue South Florida Expansion After Inking Leases In Midtown And Pembroke Pines

SPONSORED - Freddo arrives at the American market to offer its 50 years of success and experience in offering the best artisanal gelato in Argentina. Not only does Freddo use the highest quality ingredients to make gelato, but it also combines tradition with a unique recipe for each flavor, there are no additives or conservatives in the production process.

Freddo has over 180 branches in 8 countries and has recently signed master franchise agreements in Chile and Mexico. The pandemic did not stop Freddo from expanding. On the contrary, Freddo has been very active searching for second generation retail opportunities in the market. During 2020, Freddo was able to open two new stores in South Florida taking over previous stores that were operated by similar tenants such as CREAM or Yogurtland; also they are currently in negotiations with one location in the area of Pinecrest.

During the pandemic, Freddo leased the CREAM space located in Pembroke Pines at Pembroke Centre, a Class-A shopping center that features a unique blend of local and national tenants including Twin Peaks, Xfinity, AT&T, European Wax Center, The Habit Burger Grill, Pieology and Firebirds Wood Fired Grill. This will become Freddo’s 7th location in South Florida, adding to it’s 180+ stores worldwide.

Freddo also leased the ex. 4D Gelato at the Midtown Shops marking the 8th Freddo location opened in the United States, adding to Brickell, Sawgrass Mall, Miami Beach, Coral Gables, Aventura, Pembroke Pines & Charleston.

Freddo is actively seeking 2nd generation retail spaces ( previously occupied by cafe, yogurt, ice cream or similar tenants) to continue their expansion across Florida & soon the rest of the country. The typical store layout is from 500- 1,600 square feet in total size and does not require any venting or hood system.

Freddo Gelato is currently seeking master franchisee/ multi-unit operators across the US.

The brand features:

• Easy operations, no complicated buildout of kitchen or exhaust

• Very low entry fee

• Easily manage the operations by flexing other franchise or restaurant operations already in place

• Very low investment per store for buildout cost

• Virtually no direct competitors in the high end traditional gelato space

For more info on franchising or to submit sites for review, please contact Sebastian Faerman at sfaerman@freddo.com or 786-262-3771.

FA Commercial is a commercial real estate brokerage led by Sebastian and Fabio Faerman. The firm brings a holistic approach with advanced transactional services for real estate developers, landlords, institutional investors and tenants. FA Commercial specializes in the disposition, acquisition, & leasing of commercial properties within Miami's top districts. FA Commercial has overseen over 850 transactions across all asset types and has over $1 billion in transnational volume.