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1691 Michigan Avenue

John Terzian And Brian Toll Of The H.wood Group Lease Retail Space From Robert Rivani In Miami Beach
LEASEDRetail

John Terzian And Brian Toll Of The H.wood Group Lease Retail Space From Robert Rivani In Miami Beach

1691 Michigan Avenue

Building Size

2,000 SF

Asset Type

Retail

Closing

Nov 14, 2025

AI

The property asset involved in this transaction is located at 1691 Michigan Avenue in Miami Beach. The asset type is retail, encompassing a total of 2,000 square feet. The transaction centers around a lease agreement for this space within Robert Rivani’s office building.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 1691 Michigan Avenue
  • Market: Miami Beach
  • Lease Term: 10-year
  • Landlord: Robert Rivani - Black Lion
  • Tenant: John Terzian & Brian Toll - The H.wood Group

The lease agreement enables the H.wood Group to establish a Japanese-style cocktail lounge at the specified location, with plans for opening set for this summer. This addition contributes to the H.wood Group's expanding presence in Miami, complementing their operation at Delilah Brickell and an upcoming Nice Guy establishment near Lincoln Road.

Players

Robert Rivani

Black Lion

Landlord

$512M

vol

53 deals

Landlord
Black Lion
Black LionLandlord

Brian Toll

The H.wood Group

Tenant

3 deals

Tenant

Miami Beach Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93