Black Lion Investment Group Acquires Retail Property In Miami For $12.1M

Black Lion Investment Group has successfully acquired the trophy waterfront restaurant building Amara at Paraiso in Miami for $12,100,000 from the seller, Related Group. The property, located at 3101 NE 7th Ave, is a Class A retail and dining facility with a total area of 12,300 square feet. This acquisition marks Black Lion's entry into the vibrant retail and fine dining experiences in Miami, solidifying the city as a go-to destination post COVID-19. The seller, Related Group, is a renowned commercial real estate company known for its creative ventures with luxury brands like Equinox, Soul Cycle, and others.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $12,100,000
• Address: 3101 NE 7th Ave
• Market: Miami

Black Lion Investment Group, led by President Robert Rivani, believes this acquisition is just the first step in their multi-faceted approach to creating new experiences within the Miami community. They plan to bring a modern and unique approach to the rapidly growing food and beverage industry in the US. The Amara at Paraiso building is part of a larger project that includes the Paraiso Bay residential complex, which houses 1,300 residential units and is home to notable individuals like Alex Rodriguez, David Guetta, and Arantxa Sanchez.

Fabio Faerman and Sebastian Faerman of FA Commercial represented both Black Lion Investment Group and Related Group in the acquisition. This deal aligns with Black Lion's strategy of bringing world-renowned brands to the thriving Miami area. President Robert Rivinani is actively searching for more opportunities in the South Florida market to expand the company's commercial real estate portfolio. Recently, they acquired the Oracle Wetmore luxury retail center in Tucson for $38 million, reflecting their commitment to creative vision and growth.