Todd Rosenberg Ethan Leavitt And Joe Sutton Acquire Mixed-Use Asset In Miami For $72.5M

The property asset involved in this transaction is a seven-story, mixed-use building located at 112 Northeast 41st Street in Miami. The property, known as Design 41, encompasses 84,748 square feet and is fully occupied, contributing to the vibrant retail environment in the Miami Design District. It traded for a total of $72,500,000, translating to a price per square foot of $855.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $72,500,000
• Square Footage: 84,748
• Address: 112 Northeast 41st Street
• Market: Miami
• Buyer: Todd Rosenberg, Ethan Leavitt, and Joe Sutton
• Brokers: Tony Arellano & Devlin Marinoff - DWNTWN Realty Advisors
• Seller: Design District Development Partners, LLC
• Buyer Representation: 41st Miami DD PROPCO, LLC

The transaction was facilitated by DWNTWN Realty Advisors, represented by Managing Partners Tony Arellano and Devlin Marinoff. This closing marks the firm’s 35th building sold in the Miami Design District. The total transaction volume for January 2026 alone surpassed $150 million, contributing to over $2.5 billion since the firm's inception nearly nine years ago.