CATCHing Success: Robert Rivani’s $28.2M Miami Real Estate Triumph

Black Lion, led by Robert Rivani, has sold a highly sought-after property in Miami Beach's South of Fifth neighborhood for $28.2 million to Adam Frank's River Oaks Properties. This deal sets a historic milestone as the highest value ever recorded for a freestanding restaurant property in Florida. The asset, located at 200 South Pointe Drive, was purchased by Black Lion in 2022 for $11.5 million. Shortly after, they secured a 15-year lease with CATCH, a renowned dining destination with several locations throughout the U.S., which significantly elevated the property's value.

Transforming Miami’s Dining Scene

Rivani expressed pride in securing CATCH as a tenant, praising its contribution to Miami's culinary landscape. CATCH first gained fame in New York City in 2011 and opened its Miami Beach location in 2023. It also counts Las Vegas, Aspen and Dallas for its other locations. The 23,000-square-foot restaurant, designed by Rockwell Group, features indoor dining and an outdoor rooftop space, cementing its status as a premier dining experience. Rivani highlighted this deal as a testament to the resilience and potential of South Florida's restaurant market.

Behind the Landmark Deal

The transaction was facilitated by JLL Capital Markets' Alex Sharrin and Jeffrey Cicurel, who represented Black Lion. The buyer was represented by David Chasin and Daylin Ackerman from Pegasus Investments. Sharrin emphasized that CATCH Miami Beach exemplifies a rare blend of acclaimed dining and prime real estate in one of the nation's most coveted neighborhoods.

Black Lion’s Expanding Portfolio

Black Lion continues to focus on hospitality-driven properties with notable tenants such as Gekko, Amara, and Rosa Negra. Rivani's latest venture, a 160,000-square-foot office building dubbed "The Rivani," is set to redefine luxury workspaces in Miami. Located on Michigan Avenue, the building will feature high-end amenities such as a concierge, spa, meditation room, fitness center, salon, café, and fine dining options, including a Japanese restaurant and speakeasy.