Black Lion Acquires Retail Property On South Pointe Dr, Miami Beach For $19M

Black Lion, led by Robert Rivani, has expanded its presence in Miami Beach's vibrant SoFi neighborhood with the acquisition of a retail property located at 801 South Pointe Dr. The property was sold by Related Group in a transaction facilitated by Fabio Faerman and Sebastian Faerman of FA Commercial. The sale price for the property was $19,000,000, with a total area of 19,100 square feet, resulting in a price per square foot of $995.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $19,000,000
• Address: 801 South Pointe Dr
• Market: Miami Beach
• Buyer: Robert Rivani
• Seller: Related Group
• Brokers: Fabio Faerman & Sebastian Faerman - FA Commercial
• Square footage: 19,100
• Price per square foot: $995

This acquisition aligns with Black Lion's strategy to enhance the restaurant scene in Miami Beach. Robert Rivani, president of Black Lion, commented on their vision for the investment in the property, stating, "Our objective is to invite more fine dining restaurants to this culinary and cultural mecca, further elevating Miami's reputation on a global scale. We have multiple world-renowned food and beverage concepts in the works and anticipate attracting both international and domestic visitors to the vibrancy of this burgeoning market."