801 s pointe drive Be co-tenant to - LoopNet
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Be co-tenant to 801 s pointe drive
Miami Beach, fl 33139
and soon
Wolfgang Herz
+1 786 303 2181
WH@FIR.COM
RICARDO DUPOND
+1 305 588 7187
RD@FIR.COM
FOR SALE
TABLE OF CONTENTS PROPERTY INFORMATION RED, THE STEAKHOUSE KOSUSHI FLOOR PLANS LEASES PICTURES LOCATION NEIGHBORHOOD INFORMATION NEIGHBORHOOD TENANTS DEMOGRAPHICS ABOUT HERZ DUPOND GROUP
CONFIDENTIALITY & DISCLAIMER All materials and information received or derived from Herz Dupond Group its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither Herz Dupond Group its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Herz Dupond Group will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Herz Dupond Group makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Herz Dupond Group does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Herz Dupond Group in compliance with all applicable fair housing and equal opportunity laws.
PROPERTY INFORMATION ABOUT marea I SOUTH OF FIFTH Miami Beach's hotspot, South of Fifth, the enclave known as South of Fifth in Miami Beach, or SoFi, is a small affluent neighborhood situated on the southern tip of Miami Beach that begins at South Pointe Park and covers north to 5th Street, from east to west. Surrounded by the Atlantic Ocean, Biscayne Bay and Government Cut, South of Fifth is known as an exclusive tropical paradise. South of Fifth is home to some of the most exciting restaurants, beautiful oceanfront hotels and chic hotspots in Florida. Some of the historic restaurants include the famous Joe's Stone Crab (2nd highest crossing restaurant in US), Prime 112 (5th highest crossing restaurant in US), Prime Italian, Smith and Wollensky and soon Gordon Ramsay's Lucky Cat restaurant; while the hot spots include Nikki Beach Club. As one of the most exclusive neighborhoods in Miami Beach, it should be no surprise that SoFi is home to some of the most luxe condo towers in all of South Florida and is truly an ideal place to call home. A few of the ultra-high end luxury condos in South of Fifth include Continuum South Beach, Apogee South Beach, 321 Ocean, One Ocean, Murano Grande and the newly-constructed Glass Miami Beach. Restaurant space with oversized outside terrace in the SE corner facing Joe's Stone Crab and retail is available.
PROPERTY INFORMATION
Offering summary
UNIT CU1 TO CU6
SALE PRICE $23,000,000
BUILDING SIZE 18,260 SF
PRICE / SF $1,260
UNIT CU1
SALE PRICE $8,200,000
UNIT SIZE 6,458 SF
PRICE / SF $1,270
UNIT CU2 TO CU4
SALE PRICE $7,300,000
UNIT SIZE 5,770 SF
PRICE / SF $1,265
UNIT CU2 TO CU6
SALE PRICE $15,400,000
UNIT SIZE 12,159 SF
PRICE / SF $1,270
“PLANS, MATERIALS AND SPECIFICATIONS ARE SUBJECT TO ARCHITECTURAL AND OTHER REVISIONS AT THE SOLE DISCRETION OF THE DEVELOPER, BUILDER OR ARCHITECT, OR AS MAY BE
REQUESTED BY LAW. FLOOR PLANS SHOWN ARE NOT OPPORTUNITY TO ANY PARTICULAR SCALE. ALL DIMENSIONS ARE MEASURED TO THE EXTERIOR BOUNDARIES OF THE EXTERIOR
WALLS, CORRIDOR WALLS AND TO THE CENTERLINE OF INTERIOR DEMISING WALLS AND MAY VARY FROM THE DESCRIPTION AND DEFINITION OF THE “UNIT” SET FORTH IN THE
DECLARATION. ALL DIMENSIONS ARE APPROXIMATE, AND ALL FLOOR PLANS AND DEVELOPMENT PLANS ARE SUBJECT TO CHANGE.
FLOOR
PLAN
MAREA RETAIL
CU1
Leased THAI RESTAURANT
6,458 SF
Leased Kosushi
CU2 - CU4
RENTED RED STEAKHOUSE 5,770 SF
CU2 - CU6
12,159 SF
TERRACE
1,480 SF
LEASES MAREA RETAIL 2ND GENERATION RESTAURANT RETAIL CU1 RED, THE STEAKHOUSE The 5,770 SF can be split from minimum 1,000 SF. RETAIL CU2 $120.00 NNN INTERIOR 1,000 SF RETAIL CU3 $89.00 INTERIOR 2,200 SF RETAIL CU4 $89.00 INTERIOR 2,570 SF RETAIL CU2 - CU3 $89.00 INTERIOR 3,200 SF RETAIL CU2 - CU4 $85.00 INTERIOR 5,770 SF OUTSIDE 1,481 SF RETAIL CU3 - CU4 $89.00 INTERIOR 4,770 SF RETAIL CU5 KOSUSHI INTERIOR RESTAURANT CU6 $100.00 INTERIOR 3,656 SF OUTSIDE 826 SF
AVAILABLE SPACES
PROPOSED SPLIT OF SPACES
From 1,000 SF to 5,770 SF dividable
3
POSSIBLE USE
Bank, Dry Cleaner, Beauty,
Market, Boutique, Office,
Ice Salon, General Retail,
Poke Restaurant, Sandwich
Café, Bakery, Coffee Shop
CU2
+/- 1,000 SF
CU2 - CU4
CU3 CU4 5,770 SF
+/- 2,200 SF +/- 2,570 SF
GORDON RAMSAY TO OPEN FIRST SOUTH FLORIDA RESTAURANT IN MIAMI BEACH Gordon Ramsay, the celebrity chef, known for his reality show “Hell’s Kitchen,” signed a lease for a restaurant in the South-of-Fifth neighborhood. He will be opening a Lucky Cat restaurant at the Yukon building, at 119 Washington Avenue. Ramsay's eponymous London restaurant, Restaurant Gordon Ramsay, was awarded three Michelin stars in the late 1990s. Other Ramsay restaurants to earn Michelin stars include Pétrus in London (one star), Le Pressoir d'Argentin Bordeaux (two stars), Gordon Ramsay au Trianon in Versailles (one star). Now, Miamians will be able to get up close and gustational with Ramsay's food with the opening of his first Miami endeavor, Lucky Cat, which will open in 2022 in Miami Beach's South of Fifth neighborhood. The restaurant is an outpost of the original Lucky Cat, which opened in 2019 in London's Mayfair district. Lucky Cat by Gordon Ramsay will feature signature dishes inspired by various regions with influences from across Asia, respecting the passion and culinary traditions from sushi and sashimi, buns and dumplings, tempura specialties, to skewers and a variety of exciting fish and meat entrees, beautifully crafted robata grilled dishes, and a variety of small plates and creative bar snacks. There will be an open kitchen, raw bar, private dining rooms and chef’s table all inside the 9,000 square-foot restaurant. In keeping with the spirit of South Beach, Lucky Cat, will feature a vibrant late- night lounge, inspired by the 1930’s drinking dens of the Far East. The 10-year deal in Miami Beach is for ground-floor space at the Yukon, which is within walking distance of other celebrity hangouts, including Joe’s Stone Crab, Prime 112 and Major Food Group’s Carbone.
HERZ DUPOND GROUP ANNOUNCES RED, THE STEAKHOUSE OPENING IN MAREA CONDO IN MIAMI BEACH, SOUTH OF FIFTH Wolfgang Herz of Fortune International Realty/HerzDupond Group is pleased to announce the Marea successful negotiation for the lease of 6,458 sqft restaurant space at the ground floor. Red South Beach has found a new home in the same South of Fifth neighborhood, in the former Mira Five Stars restaurant space at the Marea condo on South Pointe Drive.The spot hit all the notes he was looking for: a large, modern kitchen, a great location, and an extended outdoor patio with covered areas. Vauthy tells New Times that having a patio is essential for the foreseeable future. “When we had no outside dining, we were essentially doing no business. It became obvious to me that we needed outdoor space.”Vauthy says he has been working on the lease for a few months. It took five weeks to get the kitchen to his specifications. The new Red South Beach should be open in two weeks, if not sooner. The restaurant is finished and awaiting approval from the City of Miami Beach.Initially, the restaurant will offer patio dining only (in addition to takeout). The outdoor patio seats up to 70 guests, accounting for social distancing. Most of the space is covered and protected from the elements. “The view is going to be incredible,” Vauthy says. “It’s a beautiful outdoor space. When people come to Miami, they want to be outside.” Once open, the indoor dining area will seat about 140, plus a glass-enclosed VIP room, two other private rooms, and a bar area with its own seating. Red’s wine cellar will also be moved to the new space.The menu will remain the same: prime steaks, fresh seafood, and decadent sides. Vauthy plans to add a four-course Sunday brunch from 11:30 a.m. to 3:30 p.m. (including the option to add unlimited Champagne, bloody marys, or other noontime libations.Also new: the Red butcher shop, which will offer ready-to-grill steaks, sustainable seafood, and spice rubs.All menu items will continue to be available for takeout and delivery.
KOSUSHI - WHERE MODERN AND TRADITION MEETS Kosushi opened its doors in the heart of Miami Beach’s South Pointe neighborhood to introduce the best sushi from São Paulo, Brazil. For the past 30 years, under the command of chef George Koshoji, Kosushi has been offering a unique culinary experience to its customers, combining authentic and contemporary Japanese cuisines. For the past five years, Kosushi has been awarded with a Michelin Star in Brazil. In Miami, guests can enjoy traditional Kosushi dishes, along with Miami exclusive Asian fusion creations artfully crafted by Executive Chef Edwin Delgado. Kosushi Miami will also have an exclusive cocktail selection, created by iconic Brazilian mixologist Márcio Silva, featuring drinks like “Shokobutsuen” (Gin, fresh lemon juice, basil, cucumber, mint and organic sugar syrup), as well as a curated list of wines and sakes showcasing flavor profiles for every palate. The Dining Room, designed by award-winning Brazilian architect Arthur Casas is set to impress with a unique wood structure in the ceiling, that is modern and original. Kosushi Miami is the place where traditional and modern meets, projected to give you a total immersion and unique experience deeply rooted in Japanese culture, yet multicultural. You will enjoy the experience and memorable time with us in our dining room designed by reputed architect Arthur Casas that is set to impress with a unique wood structure in the ceiling that is both modern and original. KO means turtle and also the excellence of number 1, in Japan, they say that turtles live ten thousand years and therefore are symbols of happiness and good omen. We seek long life, bringing happiness to our customers and making us the best new restaurant in Miami Beach.
RETAIL SPACE
LOCATION
MIAMI BEACH
52,787
92,187
POPULATION
EMPLOYEES
74.5%
HOTEL ROOMS
occupancy
42
MEDIAN AGE
$50,193
MEDIAN HOUSEHOLD
INCOMEMIAMI BEACH Tourism is the largest sector of the City’s economy with over $4 billion in direct tourist spending on hotel, food, and beverage, and also a large portion of the City’s $1 billion retail marketplace. In 2018, the City’s hotels hosted more than 7 million overnight visitors, and approximately 4 million tourists visited South Beach and the Art Deco Historic district. Additionally, the City is a regional destination with approximately 9 to 11 million day-trips by residents of the surrounding area, making the City one of the most popular attractions in Florida. In recent years, the City has diversified beyond its traditional tourism based economy to become a leading multi- industry business center with entertainment, health care, culture, and professional services industries. Although there are industrial factors well beyond the City’s control, the entertainment industry continues as an important part of the City’s economy. The City remains a key location for the production of movies, fashion campaigns, and TV series; and many international talent and model agencies have established and continue operations in the City. The City continues to grow as an international destination for major events. In addition to Art Basel Miami Beach, Design Miami, the South Beach Food and Wine Festival, the Miami International Auto Show, the South Beach Comedy Festival, Yachts Miami Beach show, and the Winter Music Conference continue to provide a strong base that supplements the meeting and trade show segment.
RESTAURANTS &
BARS
TEXAS DE BRAZIL JOE'S STONECRAB PRIME 112
LILIKOI KOSUSHI AMARE MILOS
SMITH & WOLLENSKY PRIME ITALIAN FOGO DE CHAO NIKKI BEACH
BYBLOS TANUKI SWEET LIBERTY LOBSTER BAR SEA GRILLE
BAOLI PAPI STEAK JUVIA STUBBORN SEEDMEDIAN HOUSEHOLD INCOME $50,193 ±$1,693 6.31% 1YEAR GROWTH ± 4.84%
EMPLOYMENT BY OCCUPATIONS 52.8k ± 1,808 2.01% 1YEAR GROWTH ± 4.75%
EMPLOYMENT BY INDUSTRIES 52.8k ± 1,808 2.01% 1YEAR GROWTH ± 4.75%
ABOUT HERZ DUPOND GROUP COMMERCIAL Fortune International Realty's Herz Dupond Group, led by Wolfgang Herz & Ricardo Du Pond, is an industry leader in the hotel and restaurant brokerage business. Herz brings his 20 + years Restaurant/ Hotel knowledge to the team. He has degrees in Engineering and Hospitality Management so he can relate with the different brands. He worked for some of the most recognized Hotel and Restaurant Brands – in the past 15 years he has represented some of the largest restaurant groups and continues to work with the top landlords to find the right fit for his clients. He and his team are assisting the clients to successfully open their business. Their services include Consulting, Lease and Sale Negotiation, Market Study, Construction Plan evaluations and other services as required. His partner Du Pond provides a strong finance and banking knowledge that works well to serve their elite clients. The team consistently provides a national and international real estate network, combined with a global perspective and a deep understanding of the local market. The team is one of Florida’s leading experts representing tenants, owners and landlords who need advice in the selection of locations and concepts. Herz and Dupond lead a team who specializes in the lease and sale of commercial space and analyze these sites in regards to traffic, zoning, utilities, demographic profiles and more.
ABOUT HERZ DUPOND GROUP RESIDENTIAL The team offers personalized real estate services to clients looking to relocate within Miami/South Florida. Throughout the years, the division has acquired a solid understanding of the Florida market and provide clients with the expertise required to succesfully conduct and close their real estate transactions. Herz Dupond Group is an industry leader in the residential brokerage business. The team has served the real estate needs of our market area with superior service and integrity. These standards have resulted in rewarding and time honored relationships with their clients. Through years of experience the duo has acquired a solid understanding of the Florida market, and has been able to provide to their clients the expertise required to successfully conduct and close their real estate transactions. Herz Dupond Group specializes in Waterfront Luxury Properties and Luxury Condominiums in South Florida and knows the value of personal relationships—especially when finding a home. Herz and Dupond work hard to establish a brand within the market of Florida and also national & international, that is known for its professionalism, industry knowledge and an unmatched service. Herz and Du Pond are industry experts, on the topics of buying and selling condos, single & multifamily homes. In need of more information about this industry? Schedule an appointment to discuss your needs. We look forward serving you.
HERZ DUPOND GROUP TEAM Herz Dupond Group comprised of an international team of seasoned commercial and residential brokers. The team consistently provides a national and international real estate network, combined with a global perspective and a deep understanding of the local market. The team consists of individuals with various hospitality backgrounds, network, expertise and language skills from Spanish, German, French, Italian, Russian, Chinese and more. The team is one of Florida’s leading experts representing tenants, owners and landlords who need advice in the selection of locations and concepts. Herz and Dupond lead a team who specializes in the rent and sale of commercial and residential space. The team has years of experience in the local & national market to benefit clients.
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