On the prowl for South Florida retail condominium attributes, Robert Rivani nabbed prime cafe room at 1 Thousand Museum.
Black Lion Expenditure Group, Rivani’s Los Angeles-based mostly firm, paid $6.4 million for the 6,500-sq.-foot professional condominium on the floor flooring of the luxury condominium at 1000 Biscayne Boulevard.
The vendor is an entity managed by Louis Birdman and Gregg Covin, who co-made One particular Thousand Museum with Gilberto Bomeny, Kevin Venger and Todd Michael Glaser.
Created by the late Zaha Hadid, One particular Thousand Museum is considered one of the more iconic properties added to the city’s skyline in the 2010s. Crooner Marc Anthony is the most recent celeb to join a star-studded roster of house owners at the 62-story tower that includes David and Victoria Beckham, LoanDepot billionaire Anthony Hsieh and actress Selena Ward.
Rivani reported he’s been eyeing the space for a whilst, but the the latest ramp-up in luxurious condominium enhancement action in downtown Miami confident him to make an supply.
He observed new jobs like Waldorf Astoria Resort & Residences Miami and the E11even branded towers are breaking ground. It was an all dollars, off-sector offer, Rivani mentioned.
Considering the fact that past yr, Black Lion has hunted down many retail condos in Miami and Miami Beach as Rivani seeks to provide in a minimal Hollywood flair to South Florida’s culinary scene.
“I seem at it as getting primary properties on a Monopoly board,” he said.
Among the initial commercial models Black Lion obtained is an 11,400-sq.-foot house at the SLS Lux Brickell in Miami’s Brickell neighborhood. The business obtained the retail condo for $13.5 million in May of very last 12 months and then leased it to Reggaeton megastar Terrible Bunny and Miami hospitality guru David Grutman. The duo lately opened Japanese steakhouse Gekko.
In July, Black Lion sold a waterfront place at the 4 Ambassadors Condominiums, also in Brickell, for $13 million. Prior to the sale, Los Angeles supper club Delilah signed a long-time period lease to open up its third place in the 10,700-sq.-foot industrial device.
In April, Black Lion paid $11.5 million for a 12,000-square-foot cafe developing adjacent to The Continuum South Seashore condominium in Miami Beach’s South of Fifth community.
Rivani’s firm has also shelled out a merged $46.8 million to purchase the floor-ground business condos in Marea, a 6-story boutique condominium also in South of Fifth Wynwood Arcade, a nearly 23,000-square-foot retail and cafe making in Wynwood and a 12,300-sq.-foot cafe room at the Amara at Paraiso apartment tower in Coconut Grove. Black Lion renamed the Wynwood residence as Wynwood Jungle.
Rivani also owns a waterfront penthouse at the Ritz-Carlton Residences, Miami Seaside that he obtained for $7.5 million in Might.