Robert Rivani sells another Miami restaurant space for $20M

Robert Rivani continued to shrink his Miami commercial condo portfolio with the $19.8 million sale of a two-story space in Miami’s Edgewater leased to a Michael Schwartz restaurant. His Miami-based firm Rivani, formerly called Black Lion, sold the 12,316-square-foot unit at 3101 Northeast Seventh Avenue within the Paraiso Bay condominium complex, a press release states. The space is occupied by Amara at Paraiso, a Latin-infused restaurant owned and operated by Schwartz’s The Genuine Hospitality Group.  A JLL team led by Alex Sharrin and Jeffrey Cicurel represented Rivani, the release states. The buyer is a Chicago real estate investor “making their […]This article originally appeared on The Real Deal. Click here to read the full story.