Real estate investor Robert Rivani’s Black Lion Investment Group has expanded its South Beach holdings with the acquisition of ground floor dining space at One Ocean, a 50-unit luxury condominium in the exclusive South of Fifth neighborhood in Miami Beach. Rivani paid $12.25 million for the space which offers 10,404 square feet of indoor space and 3,588 square feet of outdoor space. The property sits at the intersection of South Pointe and Ocean Drive, surrounded by high-end retail and residential towers including Continuum South Beach and Apogee. Additionally, the property is within walking distance of South Pointe Park and the beach, with restaurants like Planta, Nikki Beach, Pura Vida, Carbone, Joe’s Stone Crab, Gordon Ramsay’s Lucky Cat, Milos, Jia, Intimo, Fogo de Chao, Papi Steak and Prime 112 a few steps away. The transaction was overseen by Fabio and Sebastian Faerman of FA Commercial who represented Black Lion. Rivani plans to bring a world-class restaurant from a global hotel brand to the space.
“South of Fifth is one of the hottest neighborhoods in the world and we wanted to own another piece of it,” said Robert Rivani. “I have assembled a powerful portfolio of fine dining hospitality venues along South Pointe Drive totaling over 50,000 square feet. Our vision is to impact the industry through our market presence and proven track record of conceptualizing unique lifestyle experiences and introducing global brands, creating a domino effect that will set a precedent for future cities to follow.
Rivani now controls what he dubbed “Restaurant Row” on South Pointe Drive, which includes about 19,000 SF near Marea he acquired for $19 million and the 12,000 SF restaurant space at Continuum. South Beach for $11.5 million, which announced Catch as their future tenant today.
Rivani specializes in the acquisition and ownership of flagship restaurants, having quickly expanded its holdings in South Florida with the acquisition of more than $100 million in commercial real estate assets in South Florida. Black Lion’s recent acquisitions include dining space at Marea which includes Kosushi and RED Steakhouse as tenants, dining space at One Thousand Museum, SLS LUX dining space which now includes David Grutman’s Gekko and Bad Bunny, Continuum South Beach which today announced Catch as its future tenant, the Amara at Paraiso space which includes the Bayfront Amara Restaurant operated by Chef Michael Schwartz, Wynwood Jungle which will soon be home to the Fables Supper Club and the Delilah which will open soon on the Brickell Bay promenade.