LEASEDRetail
Sant Ambroeus is Coming to Mirai Design District as an Anchor Tenant
4218 Northeast 2nd Avenue
Building Size
—
Asset Type
Retail
Closing
Jun 6, 2026
About this deal
AI
The property asset involved is a retail space located at 4218 Northeast 2nd Avenue in Miami, FL. This deal marks a significant transaction in the area, as it houses the new location of SA Hospitality Group’s Sant Ambroeus, which is positioned in a mixed-use development known as Mirai Design District. This development is a collaboration involving notable firms including Leviathan Development, Lionheart Capital, WellDuo, and The Lane Organization.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 4218 Northeast 2nd Avenue
- Market: Miami, FL
- Landlord: Ophir Sternberg - Lionheart Capital; Eduardo Pelaez & Alvaro Cardenas - WellDuo; Alison Greenfield - Leviathan Development Group; Matt Lane - The Lane Organization
- Tenant: Gherardo Guarducci - Sant Ambroeus
The deal is supported by an $85 million construction loan from Monroe Capital for the mixed-use project, which is expected to include both office and retail spaces with a projected delivery timeline of 2028. The development is designed by architect Kengo Kuma, further emphasizing the collaborative nature of this significant venture in the Miami design landscape.
On the Map
Retail
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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