Robert Rivani, and his wife, Krystal Rivani, sold their penthouse at the Ritz-Carlton Residences, Miami Seashore for $8 million.
A belief managed by Miami Beach philanthropist Maria Bechily-Hodes procured the leading-flooring 4-bedroom unit in the 8-story condominium at 4701 North Meridian Avenue, documents clearly show.
The Rivanis, who lead Miami-primarily based Black Lion Investment Group, flipped the penthouse for a $500,000 get. In May possibly of 2022, the couple paid out $7.5 million for it.
Robert Rivani, Black Lion’s CEO, instructed The Authentic Offer that he and his wife moved into a 7-bed room household in Miami. But their new abode is absolutely nothing like the fantastical-themed estate inspired by “Games of Thrones” and “Harry Potter” that the pair utilised to individual in Los Angeles, Rivani explained.
“It’s not yet another castle,” he mentioned. “I would like.”
Past yr, the few bought Castle Rivani, a two-story mansion with seven bedrooms in Beverly Hills, for $20 million.
Rivani declined additional remark about the couple’s new household, like whether or not they bought it or are renting it. “I would like to retain that non-public, thanks to stability explanations,” he reported. Miami-Dade documents do not show any the latest house purchases beneath the Rivanis’ names.
Dina Goldentayer of Douglas Elliman represented the Rivanis in their sale of the Ritz-Carlton condominium.
In between 2021 and 2022, Black Lion made a big splash in the Miami retail true estate industry by amassing a portfolio of business models in luxury condominiums. Throughout that time body, Black Lion paid out a merged $77.1 million for six restaurant spaces. The Rivanis bought the Ritz-Carlton penthouse shortly soon after relocating Black Lion from Los Angeles to Miami.
Previous 12 months, Black Lion offered 1 of the professional models, a floor-floor place at the Zaha Hadid-developed One Thousand Museum condominium for $7.9 million. The agency detailed two other professional units: one particular at SLS Lux Brickell in Miami’s Brickell community that residences Japanese steakhouse Gekkõ and Amara at Paraiso’s restaurant house in Paraiso Bay Residences in the city’s Edgewater neighborhood. The inquiring selling price for equally, combined, is north of $55 million.
On the other hand, Black Lion ongoing prowling for offers. In April of previous calendar year, a company affiliate paid $10 million for an indoor/out of doors cafe on the ground floor of the Brickell SLS Miami. And Black Lion and its companion, Massa Expenditure, are also underneath contract to purchase the former Starwood Money headquarters making in Miami Seaside for $82 million.
The deal’s closing was not too long ago delayed, as the vendor, New York-primarily based Nightingale Houses, faces allegations that its Ellie Schwartz misappropriated investor resources.
