The Black Lion Investment Group has spent $ 38 million on commercial real estate in Miami over the past two months and has an additional $ 100 million to invest in what it sees as a market of growing importance.
“Miami, and Brickell in particular, is on the cusp of moving to Manhattan in the southern United States,” said Black Lion director Robert Rivani, who just closed a $ 13.5 million purchase. of the 11,000 square feet. in the SLS LUX Brickell building.
“When you look at what people are most willing to step out of the house and spend time and money on post-pandemic, it’s largely the hospitality experiences that just can’t be recreated at home, ”Rivani said. “We’re betting on Miami residents and year-round visitors continuing this trend indefinitely.”
The space is located on the ground floor of SLS LUX Brickell, an avant-garde hotel and condominium adjacent to downtown Brickell, the luxury living, shopping and dining district that Swire has erected. in the city’s financial district five years ago. Black Lion intends to put another restaurant in the space but has not released any details on the concept.
A press release from Black Lion expressed Rivani’s “absolute enthusiasm” for Miami’s future, and noted that the company planned to spend an additional $ 50-100 million to acquire high-profile properties within months. to come up.
Black Lion primarily has outdoor centers in high population states such as California, Florida, Georgia, and Texas. Other notable corporate projects include an adaptive reuse renovation of the Wynwood Arcade in the Wynwood Arts District, as well as a reinvention of the Brickell Bay Boardwalk.
The new restaurant at SLS LUX Brickell is slated to open at the end of this year or early 2022.
