Miami Dolphins Star Tyreek Hill Opens Soul Runner Experiential Pop-Up In Aventura Mall

The newest Miami Dolphins star Tyreek Hill has opened a pop-up for Soul Runner, his motivational athletic wear brand, in Aventura Mall. On August 11, Hill hosted a special grand opening attended by NFL stars such as AJ Greene and Cedrick Wilson, as well as influencers such as Zach “That’s a Dot” Lewis and Lahgriddy, attracting large crowds to the Soul Runner Pop-Up as fans tried to get a look at the Dolphin’s star receiver.

The newest Miami Dolphins star Tyreek Hill has opened a pop-up for Soul Runner, his motivational athletic wear brand, in Aventura Mall. On August 11, Hill hosted a special grand opening attended by NFL stars such as AJ Greene and Cedrick Wilson, as well as influencers such as Zach “That’s a Dot” Lewis and Lahgriddy, attracting large crowds to the Soul Runner Pop-Up as fans tried to get a look at the Dolphin’s star receiver. Hill debuted the new Soul Runner store and collection as well as recorded an episode of his “It Needed To Be Said” Podcast live with special guest Jake Paul.

Rooted in the vision of a “spirit in motion,” Soul Runner is inspired by unwavering faith and the meditative, therapeutic influence of putting one’s body, life and soul in a forward motion. According to Hill, the uplifting mission of the brand is grounded in the choices one makes in the face of adversity – “either running away from fear or running towards a new goal” – and dedicated to those who take the high road in the endless pursuit of a better future.

Nicknamed “Cheetah,” Hill was acquired by the Dolphins from the Kansas City Chiefs this March. He was a Super Bowl Champion in 2019, has been selected to the Pro Bowl in all six seasons of his NFL career, and was chosen as a member of the 2010s NFL All-Decade Team.

The Soul Runner pop-up at Aventura Mall features exclusive new Soul Runner styles, including new premium heavyweight tees, premium heavyweight hoodies and women’s crop tops. Additionally, the experiential pop-up has a performance zone with light workout equipment where workout classes will be hosted throughout the month in collaboration with its fitness partners.

“Aventura Mall is an iconic destination and I’m thrilled to debut the Soul Runner pop-up in a South Florida landmark alongside so many great brands,” says Hill. “To launch our first store in Miami is a dream, especially as I’m embarking on a new journey here myself. I feel lucky to be in such a vibrant place.”

The Soul Runner mindset originated during Hill’s childhood when he was faced with opportunities to join gangs. He and his friends took a different direction, forming a group called the “Soul Runners.” Deviating from gangs, the Soul Runners embarked on a lifelong journey dedicated to creating a better future for themselves and those around them.

“Hard work is contagious. When you push yourself, it pushes others and drives everyone to be better. This is what Soul Runner is all about,” says Hill. “I’m still ‘Soul Running.’ It never ends.”

The Soul Runner pop-up at Aventura Mall is located on the Lower Level near Bloomingdale’s.

Read More

James Beard Award-Winning Restaurant Group Hai Hospitality To Open 'Uchiko' to Eighteen Sunset In Sunset Harbour

James Beard Award-winning group Hai Hospitality will bring its acclaimed Uchiko restaurant concept to Miami Beach’s popular Sunset Harbour neighbored. Uchiko will be located in Eighteen Sunset, a mixed-use project being developed by Deco Capital. Hai Hospitality signed a lease for 6,000 square feet of street-level restaurant space and is planning to open in 2024.

James Beard Award-winning group Hai Hospitality, the group behind Wynwood hotspot Uchi, will bring its acclaimed Uchiko restaurant concept to Miami Beach’s popular Sunset Harbour neighbored. Uchiko will be located in Eighteen Sunset, a mixed-use project being developed by Deco Capital. Hai Hospitality signed a lease for 6,000 square feet of street-level restaurant space and is planning to open in 2024.

Uchiko, the Japanese concept that launched in Austin, Texas and helped fuel the city’s rise as a dining destination, will be located on the ground floor of the project, along Purdy Avenue, within the walkable neighborhood of Sunset Harbour known as one of South Florida’s most beloved lifestyle destinations. Slated to open in 2024, the restaurant will feature 180 indoor seats, including approximately 35 outdoor patio seats. Uchiko, recently recognized by Open Table as one of the top 100 restaurants in the US and lauded by GQ Magazine as one of the best new restaurants in America when it first opened, will open its third location in Miami Beach, following locations in Austin and Houston.

The menu at Uchiko constantly evolves. Uchiko Miami guests can expect signature bold flavors with hints of smoke and char that differentiate Uchiko from its sibling Uchi. Uchiko balances richness and delicacy with its interpretation of raw fish at the sushi bar alongside wood-fired items and Yakitori-grilled options. Uchiko Miami will also offer a full bar with hard-to-find Japanese whiskeys and a well-rounded and inventive cocktail menu.

“We quickly fell in love with the energy of Miami when we opened our first Florida Uchi location in 2021,” said Hai Hospitality CEO Tony Montero. “When we found the Eighteen Sunset development, we knew it would be the perfect location to continue to grow in Miami with Uchiko, and we’re looking forward to adding to both the energy of the city and Sunset Harbour with Uchiko Miami.”

“Uchiko is one of the country’s most innovative restaurant concepts, and Miami Beach is among the world’s most vibrant dining destinations. Uchiko at Eighteen Sunset is destined to become a favorite spot for the growing number of residents and visitors setting their sights on South Florida,” said Deco Capital Group Founder Bradley Colmer.

Eighteen Sunset is Deco Capital’s latest mixed-use development, rising five stories directly across from Biscayne Bay. The ground floor is home to 17,000 square feet of restaurant and retail space, a central cobblestone breezeway and cantilevered, covered sidewalk connecting to Maurice Gibb Park. The building has parking on the second level, and Class A+ office totaling 40,000 square feet on the third and fourth, topped by an exclusive penthouse encompassing nearly 30,000 square feet of interior and exterior space, including a spectacular rooftop and pool deck. Construction is currently underway, with delivery slated for late 2023.

Images via Eighteen Sunset

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

Read More

Nike Launches New, Live Store Concept 'Nike by Brickell' In Miami

Nike has launched their latest Live concept store in the heart of downtown Miami, Nike By Brickell in Brickell City Centre. Nike By Brickell is Nike’s first Live store in Miami, exemplifying Nike’s retail growth across North America to serve the sport marketplace of the future, which is digitally enabled and powered by Nike Membership.

Nike has launched their latest Live concept store in the heart of downtown Miami, Nike By Brickell in Brickell City Centre. Nike By Brickell is Nike’s first Live store in Miami, exemplifying Nike’s retail growth across North America to serve the sport marketplace of the future, which is digitally enabled and powered by Nike Membership. The store, which opened on August 4, 2022, is designed for and inspired by the local Brickell neighborhood. Nike By Brickell offers digital and convenience-led services through the Nike App to allow consumers to discover the best of Nike online or in-store.

The Nike By Brickell exterior mural facade was designed by illustrator and designer Xoana Herrera and takes inspiration from Brickell’s vibrant and diverse neighborhood. Hailing from Argentina, but now based in Los Angeles, Herrera was inspired by sport and by the Brickell community, complementing the design with her signature bold, geometric style to uniquely represent the Nike By Brickell community. Herrera previously created murals for other Nike Live stores including Nike By Long Beach and Nike By Glendale, which also borrowed from both these neighborhoods’ unique vibes.

A few key details about Nike By Brickell include:

Serving Her: Women are shaping a new future of fitness, one that is more inclusive and centered on personal progress and inclusivity. Although there are Men’s and Women’s Lifestyle and Performance products in all Nike Live stores, the Live concept has a sharp focus on serving Women through product, services and experiences in-store.

What the Neighborhood Wants: Through consumer insights, Nike knows Brickell consumers outpace the rest of the region for fitness activities such as Running and Training. To serve their needs, Nike By Brickell will focus its offerings around performance apparel and footwear styles such as the Nike Air Zoom Pegasus 39, Nike Dri-FIT Alate Minimalist Sports Bra, the Nike Fast Tie-Dye Training Tank and more.

Creating More Consumer Touchpoints: Powered by Nike Membership, Live stores provide consumers the convenience to use the same services they have across channels - via the Nike App, online and in store - giving them seamless opportunities to shop wherever and whenever they want. These services include Buy Online, Pickup in Store (BOPIS), Digital Returns, Swoosh Text and Curbside Pick-Up.

Powering Community: Nike store athletes dedicate themselves to increasing access to sport in their local communities, and guide consumers in their personal fitness journey. Nike store athletes redefine sport for a new generation by volunteering their time with local community organizations that support underserved children and communities.

Read More

Dacra Secures $43.5 Million Loan To Refinance 4141 Office/ Retail Building In Miami Design District

Dacra has locked down a $43.5 million loan to refinance a 112,896-square-foot, mixed-use property located in the Miami Design District. Berkadia Managing Director Scott Wadler, Senior Director Matthew Nihan and Senior Analyst Michael Basinski of Berkadia Miami secured the financing on behalf of Dacra, the pioneer of the Miami Design District, owning well over one million square feet.

Dacra has locked down a $43.5 million loan to refinance a 112,896-square-foot, mixed-use property located in the Miami Design District. Berkadia Managing Director Scott Wadler, Senior Director Matthew Nihan and Senior Analyst Michael Basinski of Berkadia Miami secured the financing on behalf of Dacra, the pioneer of the Miami Design District, owning well over one million square feet.

LMF provided the 10-year, fixed-rate loan, which provides Dacra with a permanent refinancing for the mixed-use asset. The property is located at 4141 N.E. 2nd Avenue and consists of a combination of office and retail tenants including B&B Italia, Design Within Reach, iHeart Media, and MC Kitchen.

“4141 N.E. 2nd Avenue is a stabilized asset in one of the most desirable, luxury retail districts in the entire U.S.,” said Wadler. “The property has been heavily re-tenanted in recent years to elevate value, as the Miami Design District has continued to drive rental rates with its evolution towards high end designer fashion and art.”

The Miami Design District is a one-of-a-kind neighborhood that combines luxury shopping, galleries, museums, design stores, restaurants and major art and design installations all within an architecturally significant context. The Miami Design District is owned and operated by Miami Design District Associates, a partnership between Dacra, founded and owned by visionary entrepreneur Craig Robins, and L Catterton Real Estate, a global real estate development and investment fund, specializing in creating luxury shopping destinations.

Read More

Gridline Properties Represents Seller And Buyer In Sale Of Ebb & Flow Retail Strip Center In Miami's Little River District

Ebb & Flow, a retail strip center in Miami’s Little River District, has sold for $18.15 million, marking one of the largest sales in the neighborhood, testifying to the areas growth the progress. Ebb & Flow is a unique retail strip center comprised of two buildings on two lots measuring 32,000 square feet and 81,224 square feet.

Ebb & Flow, a retail strip center in Miami’s Little River District, has sold for $18.15 million, marking one of the largest sales in the neighborhood, testifying to the areas growth the progress. Ebb & Flow is a unique retail strip center comprised of two buildings on two lots measuring 32,000 square feet and 81,224 square feet. The property closed on July 22 for $18.15 million and is located at 8200 NE 2nd Ave., and 201 NE 82nd St., Miami, FL 33138.

Both sides of the all-cash transaction were overseen by Gridline Properties Broker and Principal Alfredo Riascos. The seller was Thomas Conway of River Esquinas, LLC, and the buyer was Doug Levine, founder of Crunch Fitness and CEO of commercial real estate development firm Big Move Properties. Prior to the successful sale, Gridline Properties assisted the seller with leasing its retail spaces ensuring the property for future success.

The Ebb & Flow property sits in the heart of Little River’s Uptown District, one of Miami’s most exciting and emerging neighborhoods. The strip houses Primal Fit, Eyebrow King, La Santa Taqueria, Salon Dahlia, Tran An Vietnamese Eatery, and Off Site Nano-brewery & Kitchen—exciting tenants that have received culinary, fitness, and beauty recognitions. Additionally, the T6-8-O zoning for the property allows for the future development of 280 residential units offering the possibility of developing a mixed-use space.

“We are excited to be involved with transactions that continue to drive progress and innovation to Little River’s Uptown District, one of Miami’s most exciting neighborhoods," said Riascos. “Representing both the seller and buyer in this large of a sale proves to be as satisfactory as it is complex—yet both parties come out on top to serve this thriving community that we are honored to be a part of.”

A hub for re-adapted industrial buildings, the Little River Business District has attracted an array of creative and design-oriented businesses that have spontaneously identified the surrounding neighborhood as one of Miami’s most up-and-coming districts. It is home to a wide variety of businesses, tenants, and owners that have transformed one of Miami's oldest industrial areas into a neighborhood that promotes creativity, design, and innovation.

Read More

New Middle Eastern Restaurant Mazeh Opens in Downtown Miami

NYC-based hospitality powerhouse group, GPG Hospitality, has introduced a brand-new Modern Middle Eastern concept to the Miami dining scene with Mazeh, which officially opened its doors to the public July 15th. Located at the sleek and modern YOTEL Miami hotel, Mazeh’s relaxed yet refined ambiance and unparalleled culinary approach will extend a unique modern flair to traditional Middle Eastern cuisine.

NYC-based hospitality powerhouse group, GPG Hospitality, has introduced a brand-new Modern Middle Eastern concept to the Miami dining scene with Mazeh, which officially opened its doors to the public July 15th. Located at the sleek and modern YOTEL Miami hotel, Mazeh’s relaxed yet refined ambiance and unparalleled culinary approach will extend a unique modern flair to traditional Middle Eastern cuisine and introduce Middle Eastern tapas to the world. 

Mazeh radiates with the warmth of Middle Eastern hospitality, as Miami’s newest culinary gem.  The service style at Mazeh breaks the mold of a traditional dining experience and invites guests to pace the meal as they wish, ordering small dishes throughout the night, while enjoying an evening out.  The menu at Mazeh draws from the diverse and flavorful cuisine of the Middle East. Its offerings provide guests with an authentic taste of the region, while highlighting the fresh local fare of Miami. The flavors of the Middle East are applied to these tapas in a way which respects and allows the main ingredient to shine.  

Signature dishes include Arayes, ground lamb or fish grilled inside fresh pita and topped with amba; Falafel Cigars wrapped in brick pastry and served with tahini; Skewers: grilled octopus with labneh and za’atar; grilled steak in a smoked tomato sauce and bone marrow olive vinaigrette; grilled cabbage with green tahini and herb gremolata; and of course Mazeh’s specialty Tiffin Box which holds an assortment of seasonal Middle Eastern dips and spreads served with fresh pita. 

Drinks at Mazeh are crafted to further enhance the experience and elevate the flavors of the tapas. Cocktails include the You Oughta Know, a mix of vodka, Lillet Rouge, grapefruit, dill and honey; Doo Wop, made with silver rum, kaffir lime, passion fruit, lemongrass and lavender; and the Hypnotize, a vodka-based drink mixed with bergamot, smoked pineapple and grapefruit.

In the morning, Mazeh offers a selection of breakfast boards. The boards include the Greek Breakfast which includes eggs, Greek salad, tzatziki, feta and Kalamata olives; a traditional English Breakfast which includes eggs, baked beans, turkey bacon and sausage, tomato and hash browns; a Continental Breakfast, featuring a selection of bread and viennoiserie; and the Middle Eastern Breakfast with eggs, Israeli salad, labneh, avocado and tahini.

Along with the opening of Mazeh, the team has announced the opening of Float, an elevated outdoor lounge which will be poolside on YOTEL Miami’s 12th floor deck, later this year. 

Read More

Carrot Express Aventura Gets an Upgrade Doubling in Size

Miami’s fan-favorite eatery, Carrot Express in Aventura is getting an upgrade and a new location. The health-conscious concept will relocate one block South from their previous outpost which opened in 2018. Their new home will occupy a larger space with revamped interior boasting a bigger dining room and alfresco dining.

Miami’s fan-favorite eatery, Carrot Express in Aventura is getting an upgrade and a new location. The health-conscious concept will relocate one block South from their previous outpost which opened in 2018. Their new home will occupy a larger space with revamped interior boasting a bigger dining room and alfresco dining. Guests will be able to enjoy their favorite Carrot Express dishes in a more spacious and stylish setting. This marks their second outpost in Aventura in addition to their outpost inside Miami’s premier shopping destination, Aventura Mall.

Doubling in size, the new Aventura destination occupies 2,100 square feet with 50 seats indoor and 16 seats outdoors. Inside incorporates the similar inviting and relaxed atmosphere as its fellow Miami locations however, this new location features accents of wood and greenery with hanging lights throughout. Creative Director, Alberto Bassal shared, “We’re thrilled to reopen in the neighborhood with an enhanced inviting experience and a beautiful terrace to dine alfresco.” He added, “We also want to provide our locals and loyal clientele a more accommodating experience with more parking spots.”

Most recently, Carrot Express launched a brunch bundle where guests can order any breakfast or all-day breakfast item and receive the second item free. The BOGO deal will be offered every Saturday and Sunday from 9 AM until 2 PM, on-site at all locations including Aventura.

Highlights include:

• California Eggwich – 2 cage free folded eggs folded with avocado, crumbled feta cheese, arugula, tomato, lime juice and olive oil served on a toasted sesame bagel

• Quinoa Breakfast Bowl – topped with roasted cremini mushrooms, sautéed kale, avocado, pico de gallo and a cage-free sunny side egg

• Josh’s Overnight Oats – mix of oatmeal, almond milk, toasted coconut flakes, chia & flax seeds, cinnamon, blueberries, strawberries, Mario’s granola, almond butter, drizzled honey

• Almond Butter Toast – almond butter, strawberries, blueberries, chia seeds, cinnamon, toasted coconut flakes spread on multigrain sourdough bread by Zak the Baker drizzled with honey

• Huevos Rancheros Burrito – 2 cage-free scrambled eggs, brown rice, black beans, avocado, fresh corn, jack cheese, cilantro & pico de gallo, wrapped & toasted on a whole wheat wrap, served with cilantro-lime dressing

Additional menu highlights include Carrot Express’ best-selling LIV Wrap – grilled chicken breast, avocado, quinoa, kale, jack cheese and basil pesto, OMG! Turkey Burger – homemade all natural & hormone free ground turkey burger topped with arugula, avocado, tomato, red onion, mustard aioli on a toasted multigrain bun, Mario’s Favorite – Arugula, kale, spinach, toasted almonds, peas, golden raisins, quinoa, scallions & cilantro brown rice with a homemade citrus sauce and their signature, Carrot Cake made with freshly grated carrots and layered with a homemade cream cheese frosting and crushed pralines.

Their new Aventura location can be found at 2440 NE Miami Gardens Dr #107, Miami, FL 33180. Hours of operation will be Monday through Friday from 8 AM - 9 AM and on Saturday and Sunday from 9 AM - 9 PM.

Read More

ALTARA Properties Successfully Oversees Leasing For 4K+ SF Of Retail At Palm Square In Pembroke Pines

ALTARA Properties has successfully overseen the leasing of 4,087 SF of retail at Palm Square in Pembroke Pines on behalf of the landlord, Galium Capital. Little Mikes Pizza leased 1,887 SF at 9843 Pines Blvd and Next Level Taekwondo leased 1,200 SF at 9815 Pines Blvd. Both sides of the transactions were overseen by Demetri Demascus, managing broker of ALTARA Properties.

ALTARA Properties has successfully overseen the leasing of 4,087 SF of retail at Palm Square in Pembroke Pines on behalf of the landlord, Galium Capital. Little Mikes Pizza leased 1,887 SF at 9843 Pines Blvd and Next Level Taekwondo leased 1,200 SF at 9815 Pines Blvd. Both sides of the transactions were overseen by Demetri Demascus, managing broker of ALTARA Properties. Success Mental Health Services leased 1,000 SF at 9839 Pines Blvd.

Palm Square is a 77,621 SF shopping center in Pembroke Pines, Florida. The property has more than 600 linear feet of prime retail frontage along Pembroke Pines’ a main retail corridor, Pines Boulevard, and over 160,000 people live within a three-mile radius. Tenants include Dunkin’ Donuts, KFC, Sherwin-Williams, and Goldfish Swim School. The property was built in 1987 on eight acres.

ALTARA Properties is a full service real estate company led by Managing Broker Demetri Demascus, who is also co-founder of PROFILEmiami. ALTARA Properties offers both residential and commercial brokerage and marketing services across South Florida with in-house PR, branding and marketing offered to all agents. ALTARA Properties has over $40 million in closed transactions since launching in early 2022.

Read More

Limestone Acquires PLANTA Property In Miami Beach's Ritzy South-Of-Fifth For $12 Million

Miami-based Limestone Asset Management has acquired the flagship South-of-Fifth property which is home to PLANTA in Miami Beach for $12 million. The 7,835 SF building was completed in 2018 as the first built-to-suit and the first PLANTA in the state of Florida and sits on a 9,148-square-foot (0.21-acre) lot. The property is located at 850 Commerce Street, Miami Beach.

Miami-based Limestone Asset Management has acquired the flagship South-of-Fifth property which is home to PLANTA in Miami Beach for $12 million. The 7,835 SF building was completed in 2018 as the first built-to-suit and the first PLANTA in the state of Florida and sits on a 9,148-square-foot (0.21-acre) lot. The property is located at 850 Commerce Street, Miami Beach, FL, 33139 in the affluent South of Fifth neighborhood.

Kevin Sanz of Orion Real Estate Group represented the buyer, Limestone Planta, LLC. Alex Sharrin of JLL represented the seller, Commerce Street Properties, LLC. First National Bank of South Miami is providing financing. Limestone Asset Management is led by Ibrahim Al-Rashid and invests in and acquires real estate properties over all asset classes throughout North America. Limestone Asset Management is an affiliate of Orion Real Estate Group, its joint venture partner in the deal. Limestone Asset Management uses Orion Real Estate Group's expertise to complete all of its North America-based transactions.

PLANTA, a David Grutman project led by Founder and CEO Steven Salm and Co-founder and Executive Chef David Lee, is Miami’s premier location for innovative plant-based fine dining. Its goal is to expand the acceptability, enjoyment, and celebration of the power of plants. The restaurant’s owners are the lessees and will remain in the building until 2028.

Champions of plant-based living for better health, community, and the planet, the restaurant has locations in New York, Toronto, and Maryland, in addition to Florida, with plans of expansion in Chicago and California. Additionally, PLANTA offers nationwide delivery of its plant-based signature dishes, desserts, condiments, and sauces.

“PLANTA is a unique restaurant concept, and we are excited to purchase their flagship property located in the South of Fifth neighborhood,” said Ibrahim Al-Rashid, chairman of Limestone Asset Management. “Rarely do opportunities present themselves in this neighborhood. A block from Joe’s Stone Crab, one of America's most iconic restaurants, is a place every landlord would love to be.”

Read More

Merrick Manor Sells Out Commercial Spaces With Sales Of Prime Ground-Floor Retail Suite

Merrick Manor continues to generate strong interest from investors seeking Class A commercial real estate in Coral Gables. The luxury mixed-use building developed by the Henry Torres-led Astor Companies, has sold out the commercial spaces following the $5.44 million sale of several retail condominiums, including two units occupied by popular fitness studio Sweat 440.

Merrick Manor continues to generate strong interest from investors seeking Class A commercial real estate in Coral Gables. The luxury mixed-use building developed by the Henry Torres-led Astor Companies, has sold out the commercial spaces following the $5.44 million sale of several retail condominiums, including two units occupied by popular fitness studio Sweat 440.

Prisma Properties LLC acquired Merrick Manor commercial units CU3, CU8-9 and CU10 in a transaction that closed on April 26. ONE Sotheby’s International Realty Global Commercial Director Manny Chamizo III, the exclusive sales representative for Merrick Manor’s 20,000 square feet of prime ground-floor commercial space, brokered the sale. Merrick Manor’s ground-floor retail space is now fully leased or owned by owner/users.

Sweat 440 occupies 3,055 square feet in CU8-9. The high-intensity interval training (HITT) studio has a passionate following among its members, which range from beginners to fitness enthusiasts. Sweat 440 has locations in Florida, New York and Canada.

The 1,307-square-foot CU3 is currently utilized as the Sales Gallery for Merrick Manor’s limited inventory of available luxury residences. Located at 301 Altara Ave., next to the world-class Shops at Merrick Park and in the middle of the city’s Design and Innovation District, Merrick Manor is experiencing brisk residential sales activity and is on pace to sell out within the next six months.

M&B Dental Associates, P.A., led by renowned aesthetic dentist and decorated U.S. Navy veteran Dr. Ivan Mendoza,occupies the 1,669-square-foot CU10. M&B and Sweat 440 are part of Merrick Manor’s Health and Beauty Corridor, which also includes Anaïs Nails & Spa, Body Details, Elegance Beauty Salon and Trésor.

“Our success in curating Merrick Manor’s ground-floor retail space with a dynamic mix of tenants, which comprise the building’s Health and Beauty Corridor, played a major role in this new investment sales transaction,” Chamizo said. “The buyer recognized that prime commercial real estate like this is at a premium in Coral Gables. We are proud to produce another tremendous outcome at Merrick Manor.”

The sale to Prisma comes as another signature Merrick Manor commercial tenant, high-end furniture retailer Sierra Muebles, prepares to open its first U.S. showroom at the building in the next few months. A Peru-based retailer that has exclusive representation of the Brazilian brand in Peru and Miami-Dade County leases Merrick Manor’s largest commercial space, which totals 4,448-square-foot.

“This transaction underscores the long-term belief in our building from the real estate community,” Torres said. “Merrick Manor has an unparalleled location and commercial space that perfectly complements the building’s 227 residences.”

Read More

Latest Posts