Black Lion recently acquired the luxury class A property Wynwood Arcade from East End Capital for $13.25 million. The 23,000 sq ft luxury retail property, consisting of an elegant arcade inspired layout, is occupied by trendy tenets like the popular Salty Donut, Ooh Raw, No. 3 Social, OSME, Edit Mode. Wynwood is a must see for tourists and locals and is known for its instagramable murals and one-of-a-kind dining and retail experiences. Conveniently located in the heart of Miami’s Wynwood neighborhood, the property represents a prized parcel of real estate in one of the hottest markets in Florida. Known for its vibrant cultural scene, art, and eclectic nightlife, Wynwood Arcade located at 43-75 NW 23rd St. is an integral part of one of the trendiest and fastest-growing neighborhoods in all of Miami.
President of Black Lion Investment Group, Robert Rivani said of the sale, “This trophy property represents another key investment in Black Lion’s Miami expansion after our recent acquisition of Amara at Paraiso.” This new successful acquisition positions Black Lion Investment Group as a leader in developing elevated food and beverage concepts that create unique experiences for Miami residents of all ages. In addition to offering upscale retail, Wynwood Arcade is also used for Art Basel events, during the world-renowned winter art festival slated for the first week in December 2021.
This property is a well-deserved win to add to the impressive portfolio of pristine Black Lion properties, the company is poised to create an experiential space that welcomes culture, stirs excitement within the community, and creates an opportunity for more notable tenants to help serve the surrounding community. Redesign plans are underway which will transform Wynwood Arcade from a partially vacant property to an aesthetically unique retail destination with attractive food and beverage experiences in the Wynwood market. Wynwood Arcade has one of the few rooftop bars within Wynwood, making it one of the neighborhood’s most desirable go-to destinations.
Black Lion Investment Group is a rapidly expanding commercial real estate company that is continuing its unprecedented growth in multiple markets. Their recent acquisition of the Amara at Paraiso property from the Related Group builds upon Black Lion’s impressive portfolio of properties in Florida, such as the recently renovated Crystal Cove Commons and Brickell Bay Boardwalk. Black Lion Investment Group has been on a real estate tear by doing over $100 million in real estate transactions over the past 12 months.