Black Lion Investment Group (“Black Lion”) has acquired an entire block of commercial condo units at the foot of the iconic Marea building in the heart of Miami Beach’s South of Fifth (“SoFi”) district. The six-story building at 801 South Pointe Drive was originally developed by the famous Related Group and features 30 luxury residential condos atop commercial units. Black Lion purchased the 19,100 square feet of premium commercial real estate for $ 19,000,000 on December 17, 2021. President and CEO Fabio Faerman and CEO Sebastian Faerman of FA Commercial have facilitated the transaction.
Existing tenants include RED Steakhouse, a Miami Beach mainstay for over a decade, and KoSushi, the establishment that launched the Michelin-starred restaurant in the United States after receiving the accolade in Brazil when it opened in 2015. Black Lion intends to introduce additional flagship restaurants to the property.
“The entire Miami market has quickly become the epicenter of high-end dining and nightlife experiences in recent years,” said Robert Rivani, president of Black Lion. “Our goal for the investment in Marea is to invite more fine dining restaurants to this culinary and cultural mecca to further elevate Miami’s reputation globally. We have several world famous food and beverage concepts in the works and we anticipate that even more international and domestic visitors will be drawn not only to our restaurants, but also to the dynamism of this booming market as a whole. .
Other notable restaurants in the SoFi district include Joe’s Stone Crab, Smith & Wollensky, Carbone, Papi Steak, and Estiatorio Milos. Celebrity chef Gordon Ramsey recently announced that he will be opening his very first restaurant in Miami, Lucky Cat, just steps from the Marea building.