Newgard Group & Two Roads Development Secure $513 Million Loan for One Brickell Riverfront

LOFTY Brickell and The Standard Residences Brickell Miami

LOFTY Brickell and The Standard Residences Brickell Miami

Earlier this week, Newgard Development Group and Two Roads Development announced they have closed on a $513 million construction loan for One Brickell Riverfront, a multi-tower, mixed-use project that promises to redefine how Brickell connects with the Miami River. The loan marks a major milestone for both developers and underscores growing lender confidence in Miami’s luxury residential market—even amid high construction costs and elevated interest rates.

A New Chapter for the Riverfront

One Brickell Riverfront will eventually encompass three towers totaling roughly 2 million square feet of residential, hospitality, and retail space. The development includes two highly anticipated projects already under construction — LOFTY Brickell and The Standard Residences Brickell — both designed by Arquitectonica and featuring extensive riverfront amenities.

LOFTY Brickell will rise 44 stories and include 362 luxury condo residences, complemented by more than 40,000 square feet of amenities, including a private marina, co-working lounge, and rooftop pool. The project is already over 90 percent presold.

Next door, The Standard Residences Brickell brings the boutique-hotel brand’s first residential concept to Miami’s urban core. Rising 46 stories, the tower will offer 422 fully finished residences ranging from studios to two-bedroom layouts, all infused with the brand’s signature lifestyle aesthetic. Amenities include a rooftop pool deck, wellness center, and social lounge curated by The Standard team.

Both towers are expected to be delivered by August 2027, with a third tower — by Jay Roberts’ Prosper Group — planned for a later phase.

The Miami River’s Development Boom

The One Brickell Riverfront financing is part of a much larger wave of investment transforming the Miami River corridor into one of the city’s most dynamic growth frontiers. From the Brickell Bridge heading west along the Miami River, major projects are rising that blend luxury living, hospitality, culture, and public access.

Miami Riverbridge Project

On the north bank near Downtown, the proposed Miami Riverbridge project aims to completely reimagine the existing Hyatt Regency site into a vibrant, multi-tower destination. Plans call for over 1,300 residences, a 615-room Hyatt Regency, an additional lifestyle hotel, and 100,000 square feet of retail and restaurant space.
The project also includes 500 feet of new public Riverwalk, a skybridge restaurant, and expansive waterfront plazas designed to activate the pedestrian realm. Once built, Riverbridge could serve as a visual and cultural gateway linking Downtown Miami and Brickell.

Faena Residences Miami

Among the most ambitious is Faena Residences Miami, marking the brand’s expansion from Miami Beach to the mainland. Designed by the late architect Rafael Viñoly, the twin-tower project will feature 438 residences and a 45,000-square-foot cultural center. Located near the mouth of the river and Brickell City Centre, Faena’s move further solidifies the riverfront’s growing prestige.

The River District / Flow Brickell

Further west along the river, Chetrit Group’s River District recently saw a major shake-up when Flow (founded by Adam Neumann), Canada Global, and Yellowstone Trust acquired a controlling stake in the project for roughly $106 million. The rebranded Flow on the River envisions more than 1,900 residential units across a sprawling mixed-use campus anchored by a 54-story condominium tower. The deal represents one of the largest infusions of institutional capital along the Miami River and signals that the corridor’s potential remains far from fully realized.

Riverside Wharf and Dream Hotel

Further west along the Miami River, the Riverside Wharf development aims to transform an underused stretch of the river into a world-class entertainment and hospitality destination. Plans include restaurants, retail, nightlife venues, and a Dream Hotel Miami, all surrounding a revitalized section of the public Riverwalk. Once completed, it will serve as a social anchor connecting Downtown and Brickell’s waterfronts.

A Riverfront Renaissance in Motion

The Miami River has long served as the city’s working waterway — home to cargo ships, boatyards, and marine industries. Today, it’s being rediscovered as a lifestyle asset, where developers see value in combining urban convenience with waterfront living.

From The Standard Residences and LOFTY Brickell to Faena Residences, Riverside Wharf, and Flow on the River, the common thread is a desire to reclaim the river as a vibrant, connected public space. Many of these developments will extend the Miami Riverwalk, improving pedestrian access and bringing restaurants, marinas, and cultural venues closer to the water’s edge.

This evolution mirrors what happened in other global cities—like Chicago, London, and New York—where neglected industrial riverfronts have become thriving mixed-use destinations. In Miami’s case, the transformation is happening at a staggering pace, driven by developers with both deep local roots and global brands behind them.

Confidence in Miami’s Market

Securing more than half a billion dollars in financing for One Brickell Riverfront in 2025 demonstrates strong lender confidence in Miami’s luxury and branded-residence sectors. Despite rising construction costs and higher borrowing rates, demand for well-located, lifestyle-driven waterfront product remains robust.

With LOFTY Brickell and The Standard Residences Brickell already under construction — and other riverfront megaprojects moving ahead — the Miami River is poised to become the city’s next major development corridor. By the end of this decade, it could rival Biscayne Bay as Miami’s most sought-after waterfront address.

The Weeknd Under Contract to Purchase $55M Waterfront Mansion in Coral Gables

The Weeknd buys luxury waterfront home in Coral Gables
The Weeknd buys luxury waterfront home in Coral Gables

Credit: ONE Sotheby’s International Realty

International music superstar The Weeknd—whose real name is Abel Tesfaye—is under contract to purchase a luxury waterfront estate in Coral Gables, last asking $54.9 million, according to multiple sources including The Wall Street Journal, and Architectural Digest. Represented by ONE Sotheby’s agents Eddy Martinez and Roland Ortiz, the purchase marks the Canadian-born singer’s first foray into South Florida real estate and adds yet another high-profile name to the growing list of celebrities choosing Coral Gables as their new home base.

A Trophy Estate in Gables Estates

The property, located at 41 Arvida Parkway within the prestigious Gables Estates community, offers the ultimate in privacy and grandeur. Set on a 1.24-acre peninsula, the estate boasts an astonishing 574 feet of water frontage, providing panoramic bay views and docking space for a mega-yacht up to 200 feet long.

Spanning nearly 19,000 square feet, the mansion features eight bedrooms, nine-and-a-half baths, and a design that blends contemporary luxury with Mediterranean influences. Highlights include double-height ceilings, floating staircases, an infinity-edge pool with coral-inspired mosaics, multiple terraces overlooking Biscayne Bay, and an expansive outdoor entertainment area complete with a summer kitchen.

The property was previously owned by Steven Lempera, an investor who reportedly acquired it for $27.8 million in 2019. If the deal closes near its asking price, Lempera will realize a substantial profit—another sign of the booming high-end market in Coral Gables.

The Weeknd Joins a Growing Celebrity Migration to Coral Gables

The Weeknd’s upcoming purchase is part of a broader trend of celebrities relocating to South Florida for its year-round sunshine, tax benefits, and world-class waterfront lifestyle.

Among the most recent notable buyers is Robbie Williams, who earlier this year acquired a $40 million waterfront estate in Coral Gables’ Old Cutler Bay community. The 19,000-square-foot home sits on an acre peninsula with 435 feet of water frontage, an 18-car garage, a wine cellar, and plans for a possible guesthouse and recording studio. Williams purchased the home—along with approximately $5 million worth of furnishings—from Real Housewives of Miami cast member Dr. Nicole Martin and her husband Anthony Lopez.

Another global music icon, Pharrell Williams, also owns a lavish waterfront property in Coral Gables, which he purchased a few years ago for approximately $30 million. Interestingly, The Weeknd and Pharrell have collaborated musically in the past—now, they may soon share the same zip code.

These acquisitions reflect Coral Gables’ emergence as one of South Florida’s most coveted enclaves for high-profile residents, rivaling longtime celebrity strongholds like Miami Beach’s North Bay Road and Indian Creek Island.

What This Means for the Coral Gables Market

The Weeknd’s pending purchase is poised to set a new benchmark for Coral Gables’ ultra-luxury real estate market. While $50 million–plus deals were once rare outside Miami Beach, recent closings and contracts show increasing demand for trophy waterfront properties offering privacy, acreage, and deep-water dockage.

Industry experts say the trend is being fueled by:

  • Tax advantages — Florida’s lack of state income tax continues to attract wealthy buyers relocating from California, New York, and abroad.
  • Unmatched waterfront lifestyle — Coral Gables’ canals and bayfront estates offer direct ocean access with the ability to dock superyachts, a rarity even in South Florida.
  • Rising prestige — As more celebrities and executives move into Gables Estates and Old Cutler Bay, the area’s profile continues to climb.

With The Weeknd joining the neighborhood’s growing roster of A-listers, Coral Gables is fast cementing its reputation as the new luxury epicenter of Miami’s residential scene.

Shoma Bay Secures Building Permit, Vertical Construction Now Underway

rendering of Shoma Bay in North Bay Village

rendering of Shoma Bay in North Bay Village

Shoma Bay, the highly anticipated mixed-use development in North Bay Village, has reached a major milestone: the project has officially received its building permit. This achievement marks the transition from pre-construction into full construction, setting the stage for vertical progress on one of the most significant developments planned for the area.

A New Chapter for North Bay Village

Located at 1850 John F. Kennedy Causeway, Shoma Bay is designed as a modern mixed-use destination that will combine 333 luxury condominiums, a 35,000-square-foot Publix market, 10,564 square feet of retail, and a 10,564-square-foot restaurant space. The project is poised to bring new life and energy to North Bay Village, strategically connecting Miami Beach and mainland Miami.

With the construction permit now approved, the development moves beyond the site work phase—already completed last month—and into the vertical construction stage, a pivotal moment that brings the vision closer to reality.

Project Timeline and Delivery

The development team has confirmed that Shoma Bay is on track for delivery in 2027. Over the coming months, residents and passersby will begin to see the tower rise, reinforcing the progress made since groundwork began earlier this year.

Why This Milestone Matters

The issuance of a building permit is a critical step for any large-scale development. For Shoma Bay, it validates years of planning, design, and approvals while providing certainty to future residents and investors. The project will not only transform North Bay Village’s skyline but also deliver much-needed residential and retail opportunities to one of Miami’s most centrally located waterfront communities.

About Shoma Bay

Developed by Shoma Group, Shoma Bay is set to redefine luxury waterfront living with its modern residences, curated retail, and everyday conveniences anchored by a new Publix. The project’s design emphasizes resort-style amenities, walkability, and seamless integration with the surrounding neighborhood.

Paramount Miami Worldcenter Hosts Lara Trump for Exclusive Interview with Miami Mayor Francis Suarez

Paramount Miami Worldcenter hosts Lara Trump for My View with Lara Trump

Paramount Miami Worldcenter hosts Lara Trump for My View with Lara Trump

Paramount Miami Worldcenter proudly hosted Lara Trump, the President’s daughter-in-law, today for the filming of her Fox News program My View with Lara Trump. The special episode featured Miami Mayor Francis Suarez and was filmed inside one of Paramount’s penthouse residences before concluding on the 55th-floor skydeck, where sweeping views of Downtown Miami and Biscayne Bay set the stage for a high-profile conversation.

A Historic Announcement in Downtown Miami

Just yesterday, the State of Florida announced that it donated land in Downtown Miami to the Donald J. Trump Presidential Library Foundation. The site, located only a few blocks from Paramount Miami Worldcenter, will serve as the future home of the Trump Presidential Library. The donation marks a historic moment for Miami and cements the city’s growing role as a hub for culture, politics, and history.

Likely Focus of the Interview

While there has been no official word on what topic Lara Trump and Mayor Suarez discussed during today’s filming, the timing strongly suggests it was centered on yesterday’s announcement of the Trump Presidential Library. Hosting the interview at Paramount, just steps away from the future library site, further reinforces the likelihood that the conversation touched on this historic news for Downtown Miami.

Paramount Miami Worldcenter as the Setting

As one of Miami’s most iconic residential towers, Paramount Miami Worldcenter was a fitting venue for this high-profile feature. Known as the crown jewel of the $6 billion Miami Worldcenter development, Paramount is celebrated for its luxury residences and unmatched amenities. Its penthouses and 55th-floor outdoor patio offered the perfect backdrop for Lara Trump’s interview, showcasing the city’s skyline at its most dramatic.

About My View with Lara Trump

Since premiering on Fox News in 2021, My View with Lara Trump has built a loyal national audience. The program blends interviews, commentary, and personal insight, offering viewers a unique perspective on politics, culture, and family. By bringing the show to Paramount Miami Worldcenter, Lara Trump highlighted both the luxury lifestyle of the building and Miami’s growing importance on the national stage.

When to Watch

The episode featuring Lara Trump’s interview with Miami Mayor Francis Suarez at Paramount Miami Worldcenter will air this Saturday at 8:00 PM Eastern Time on the Fox News Channel. Viewers will be able to tune in for the wide-ranging conversation set against the stunning views of Miami’s skyline.

2000 Wynwood Under Construction at 2000 N Miami Ave: A New Gateway to Wynwood

2000 Wynwood apartments

2000 Wynwood apartments

Construction is underway at 2000 Wynwood, a new mixed-use development located at 2000 N Miami Avenue. The project broke ground last month, bringing fresh momentum to Wynwood’s southern entrance and strengthening its connection to the neighboring Miami Arts & Entertainment District.

This marks a transformative step for an area long seen as the “gateway” into Wynwood — one that is now poised to evolve into a fully activated corridor for residents, visitors, and businesses alike.

2000 Wynwood construction

Project Details: What’s Coming to 2000 Wynwood

Developed by Clearline Real Estate, with Shawmut Design and Construction leading the build, 2000 Wynwood will introduce a mix of residential, retail, and lifestyle space designed with both flexibility and sustainability in mind.

Highlights include:

  • 12 stories / 380,000 square feet
  • 310 residential units — a mix of studios, one-, and two-bedroom layouts
  • 12,500 square feet of ground-floor retail space
  • 308 parking spaces plus 141 bike racks for multi-modal access
  • Architect: LEO A DALY
  • Landscape / Engineering: Langan and Naturalficial

The building’s architecture emphasizes well-being, sustainability, and neighborhood integration — designed to feel bold yet approachable at Wynwood’s edge.

2000 Wynwood under construction

Why This Location Matters

Strengthening Wynwood’s Southern Gateway

Wynwood’s core activity has historically centered north of NW 20th Street. 2000 Wynwood sits just south of that, on a key stretch of N Miami Ave, bridging the arts district with downtown and Midtown Miami. Its location will help erase the divide between Wynwood and the A+E District, creating a more seamless urban flow.

Meeting the Demand for Live + Work + Play

As Wynwood continues to transform into a true mixed-use neighborhood, demand is growing for residential options that offer lifestyle amenities alongside retail. With coworking spaces, social lounges, and fitness areas planned, 2000 Wynwood is tailored for residents who want to live at the heart of Miami’s creative energy.

Smart Growth Through Infill

Rather than pushing development outward, 2000 Wynwood represents Miami’s pivot toward infill density. By building up on existing urban land, the project preserves walkability and makes more efficient use of Miami’s infrastructure.

Economic & Cultural Impact

The project signals confidence in Wynwood’s future. Clearline Real Estate acquired the site assemblage for roughly $19.1 million, securing T6-8-O zoning to allow up to 12 stories of mixed use.

As one of the largest new projects at Wynwood’s southern entrance, 2000 Wynwood is expected to:

  • Draw in new retail and cultural tenants
  • Anchor additional redevelopment in the surrounding area
  • Provide hundreds of housing units near Downtown Miami
  • Reinforce Wynwood’s identity as not just an arts hub, but a full-fledged residential community

What’s Next

With demolition complete earlier this year and construction now in progress, watch for:

  • Foundation and vertical construction milestones
  • Retail leasing announcements
  • Streetscape and landscaping plans that shape the pedestrian experience
  • A projected delivery timeline over the next two years

Final Thoughts

The groundbreaking of 2000 Wynwood marks a turning point for Miami’s most artistic neighborhood. By bringing together residential density, ground-floor retail, and thoughtful design at a strategic location, the project is set to redefine how residents and visitors experience Wynwood’s southern gateway.

As Miami continues to densify and mature as a global city, projects like 2000 Wynwood highlight the importance of infill development that builds upon the vibrancy of existing neighborhoods while better connecting them to the urban core.

Miami Metro vs. New York Metro: How Luxury Listings Compare in the U.S. Market

Miami luxury real estate

Miami luxury real estate

Realtor.com’s new report, “What is Luxury?”, sheds light on how the nation’s top metros stack up when it comes to high-end real estate. While New York still leads in the sheer number of luxury listings, the Miami–Fort Lauderdale–West Palm Beach metro isn’t far behind—highlighting Miami’s rapid rise as a national luxury hub.

$1M+ Listings: Miami Nearly Catches New York

According to the report, the New York–Newark–Jersey City metro has 11,980 active listings priced at $1 million or more, the highest total in the country. Surprisingly, the Miami–Fort Lauderdale–West Palm Beach metro is close behind with 10,074 $1M+ listings.

The gap between the two is far narrower than many might expect. Historically, New York has been viewed as the undisputed capital of U.S. luxury real estate, but Miami’s surge in high-end inventory shows the city’s market is maturing and competing on a national stage.

The Top 10% Thresholds: Miami vs. New York

Realtor.com defines “luxury” as the top 10% most expensive homes in any given market. Here’s how the thresholds compare:

  • Miami metro: The top 10% of listings start at $2,087,674
  • New York metro: The top 10% of listings start at $2,887,829
  • Nationally: The top 10% of listings begin at just under $1.3M

These numbers highlight how Miami’s luxury floor is nearly $800K higher than the national average, putting it firmly in the country’s upper tier. At the same time, it remains more accessible than New York, where buyers need close to $2.9M to break into the top luxury bracket.

What This Means for Buyers and Sellers

For buyers, Miami offers a unique proposition: access to a high-end market with world-class amenities, oceanfront living, and international appeal—all at a price point lower than New York’s top tier. For sellers, the data reinforces Miami’s position as one of the hottest luxury real estate markets in the U.S., with strong demand and inventory levels rivaling the country’s largest metro.

The Takeaway

The Realtor.com study confirms what many industry insiders already know: Miami is no longer just an emerging luxury market—it’s a powerhouse in its own right. With over 10,000 listings above $1 million and a luxury threshold that places it in the same conversation as New York, Miami continues to attract global buyers who see value, lifestyle, and long-term growth potential in South Florida real estate.

Masaveu Acquires Wendy’s Site in Brickell for $24 Million, Completing Major Block Assemblage

Wendy's Brickell sold for $24M to Masaveu Real Estate US

Wendy's Brickell sold for $24M to Masaveu Real Estate US

In a significant Brickell land deal, Masaveu Real Estate US has acquired the Wendy’s property at 200 SW 8th Street in West Brickell for $24 million. The transaction, which closed last week, gives the Spanish investment firm control over nearly an entire block along Southwest Eighth Street — a key corridor in one of Miami’s fastest-growing neighborhoods.

Details of the Acquisition

  • Purchase Price: $24 million
  • Buyer: Masaveu Real Estate US, the American arm of Spanish conglomerate Corporación Masaveu
  • Seller: A group including Inpetros LLC, Berlin Capital LLC, and CNG of Ottawa LLC
  • Property: 3,611-square-foot Wendy’s building situated on approximately 0.6 acres at 200 SW 8th Street
  • Zoning: Allows up to 150 units per acre and buildings up to 48 stories

The Wendy’s restaurant remains in operation, but the sale signals a long-term redevelopment play in one of Miami’s densest urban districts.

Masaveu’s Expanding Brickell Footprint

This purchase follows a series of recent acquisitions by Masaveu along Southwest Eighth Street:

  • 268 SW 8th Street — acquired for $15.5 million earlier this year
  • 242 & 250 SW 8th Street — purchased in prior transactions
  • Air Rights — Masaveu also controls 22,050 square feet of air rights over adjacent parcels, adding the potential for another 48 residential units

With the Wendy’s deal completed, Masaveu now owns about 1.4 acres spanning multiple addresses, giving it a commanding position to shape future development in Brickell Miami.

Development Potential

Thanks to favorable zoning, the assemblage offers significant opportunities for high-density development. Masaveu could pursue:

  • Luxury condominiums
  • High-rise multifamily rentals
  • Mixed-use projects incorporating retail, office, or hospitality

The zoning framework, coupled with the air rights Masaveu has already secured, allows for major vertical development potential. While no immediate redevelopment plans have been announced, the acquisitions strongly suggest a long-term vision for a transformative project in the heart of Brickell.

Why the Deal Matters

The $24 million Wendy’s purchase highlights several important real estate trends in Miami:

  1. Assemblage Strategy: Acquiring smaller parcels over time to enable large-scale redevelopment.
  2. Urban Infill Demand: Even fast-food sites in central neighborhoods are prime targets for redevelopment.
  3. International Capital: Global investors, particularly from Europe and Latin America, continue to bet big on Miami real estate.
  4. Zoning Leverage: Air rights and density bonuses are crucial tools for maximizing value in high-demand submarkets.

Conclusion

The sale of the Wendy’s site in Brickell is about far more than burgers and fries. It represents a strategic land play by a global investment firm with deep ties to Miami’s future growth. With nearly an entire block now under its control, Masaveu is positioned to deliver one of the next major mixed-use developments in Brickell.

Midtown Park Residences by Proper Unveils New Interior Renderings by Meyer Davis

Midtown Park Residences lobby

Midtown Park Residences lobby

Rosso Development, Midtown Development, and Proper Hospitality have released the first look at the interior public spaces of Midtown Park Residences by Proper—a new luxury residential tower that anchors the $2 billion Midtown Park master-planned community. Designed by the acclaimed New York–based Meyer Davis Studio, the interiors embody Proper’s signature sensibility: sophisticated, layered, and deeply connected to place.

Midtown Park lobby seating area

A Landmark Addition to Midtown Miami

Rising 28 stories at 3055 N Miami Avenue, Midtown Park Residences by Proper will deliver 288 residences surrounded by activated parks, curated retail, dining, and wellness amenities. As the first residential tower within Midtown Park, the project sets the tone for the entire development, which will include restaurants, cafes, and an ULTRA racquet and padel club.

The design vision centers on creating a seamless connection between the vibrancy of Midtown and the comfort of home. According to Will Meyer, Co-Founder of Meyer Davis, the goal was to balance comfort, functionality, and timeless sophistication, resulting in communal spaces that are both purposeful and inviting.

Midtown Park lobby reception

A First Look at the Interiors

The newly unveiled renderings showcase interiors that draw inspiration from Miami’s natural light, landscape, and cultural energy. Natural stone, warm wood, plaster finishes, and greenery serve as the foundation of the design palette. Sculptural furnishings and artful accents provide Proper’s hallmark individuality.

Highlights include:

  • 16-foot-high lobby gallery featuring museum-quality art, travertine and flagstone floors, and mirrored bronze columns.
  • A mix of seating areas—intimate library nooks, custom banquettes, and plush velvet lounge chairs—paired with sculptural tables and green mosaic planters.
  • Communal spaces such as the spa, lounges, and resident amenities designed with hospitality-level fluidity and warmth.

Every detail blends art, culture, and design into the fabric of daily life for residents.

Midtown Park golf simulator

Lifestyle & Amenities

Beyond its interiors, Midtown Park Residences offers an expansive suite of amenities:

  • 40,000 sq. ft. tropical pool deck with a signature restaurant and bar overlooking panoramic city and bay views.
  • Wellness amenities including a state-of-the-art fitness center, Pilates studio, yoga and meditation garden, spa pool, and two private pickleball courts.
  • Curated social and leisure spaces: coffee bar, events lounge, kids club, private party room, co-working spaces, virtual golf simulator, screening room, and a communal vegetable garden designed by Naturalficial.

“Midtown Park Residences is about creating a lifestyle and sense of community that extends beyond the walls of each home,” said Carlos Rosso, Founder and CEO of Rosso Development.

Midtown Park steam room

Midtown Park club room

Midtown Park lounge

Midtown Park meeting room

Midtown Park wine tasting room

Midtown Park dining room and bar

Midtown Park fitness center

Prime Midtown Location

Situated steps from the Miami Design District and Wynwood, Midtown Park Residences by Proper places residents at the epicenter of Miami’s most connected neighborhood. Its Midtown Miami address offers walkability, dining, shopping, and cultural experiences within minutes.

About Meyer Davis

Founded in 1999 by Will Meyer and Gray Davis, Meyer Davis is a globally recognized design studio named 2025 Design Firm of the Year by Hospitality Design Magazine. Known for shaping iconic environments for brands such as Four Seasons, Rosewood, Auberge, Mandarin Oriental, Ritz-Carlton, and W Hotels, the studio brings a balance of bold creativity and timeless refinement across hospitality and residential sectors.

Their interiors for Midtown Park Residences reflect the firm’s deep expertise in blending proportion, materiality, and light to create immersive, enduring environments.

RIVANI Sells Amara at Paraiso Waterfront Restaurant in Edgewater for $19.8M

Amara at Paraiso in Edgewater Miami

Amara at Paraiso in Edgewater Miami

RIVANI, led by real estate investor Robert Rivani, has completed a record-setting sale of the Amara at Paraiso restaurant space in Edgewater Miami for $19.8 million. The transaction highlights both the strength of Miami’s waterfront real estate market and investor appetite for rare, income-producing restaurant properties.

Property Details

  • Location: 3101 NE 7th Avenue, Edgewater, Miami
  • Type: Two-story waterfront restaurant condominium across from Paraiso Bay and Gran Paraiso
  • Size: 12,316 square feet with indoor seating for ~150 and outdoor waterfront deck for ~70
  • Tenant: Amara at Paraiso, operated by James Beard Award-winning chef Michael Schwartz of The Genuine Hospitality Group

The space features floor-to-ceiling windows and direct Biscayne Bay views, making it one of the most iconic dining destinations in Miami.

Acquisition & Profit

RIVANI originally acquired the property in 2021 from The Related Group for $12.1 million. In just four years, the asset appreciated nearly 63%, culminating in the recent $19.8 million sale.

Buyer Information

The buyer is a 1031 exchange investor from Chicago, marking their first South Florida acquisition. While the individual or entity’s name has not been disclosed, brokers noted that the deal attracted global interest, including prospective buyers from California and the Middle East.

Why This Transaction Matters

This landmark transaction underscores:

  1. RIVANI’s Strategic Vision – The firm continues to reposition and expand into hospitality, office, and lifestyle assets across South Florida.
  2. Miami’s Global Appeal – Edgewater waterfront properties are attracting buyers from across the U.S. and abroad.
  3. Rarity of Product – Restaurant condos with premier tenants and direct water frontage remain some of the most coveted—and least available—assets in Miami.

About Amara at Paraiso

Opened in 2018, Amara at Paraiso blends Latin flavors with modern waterfront dining. Chef Michael Schwartz has cemented it as one of Miami’s signature restaurants, drawing locals and visitors alike to Edgewater’s bayfront.