(LR) David Martin, Jorge Perez, Alex Pirez, Mario Carbone, Rich Torrisi and Jeff Zalaznick with 3321 Mary Street (Google Maps, Seth Browarnik World Red Eye, Camilo Rios, Wikipedia, Major Foods, LinkedIn)
The Real Deal has learned that the Major Food Group will open its popular Sadelle’s brunch restaurant in Miami’s Coconut Grove neighborhood.
The New York-based restaurant group, which has been expanding rapidly in the Miami area, has signed a lease with the new owner of the former Tigertail + Mary restaurant building in the Park Grove project, according to sources. Gastronomer Michael Schwartz closed Tigertail + Mary last month due to an imminent sale.
A joint venture between the Related Group and Terra developed Park Grove and sold the restaurant building at 3321 Mary Street to developer Alex Pirez, owner of Mocca Realty and Mocca Construction, for $ 5.5 million. Related and Terra have both moved their headquarters to nearby buildings.
Sadelle’s is expected to open in the second week of December, said partner Jeff Zalaznick. The restaurant group, led by founders Mario Carbone, Rich Torrisi and Zalaznick, signed a 10-year lease with an option to extend the 5,700-square-meter building. The restaurant also has an outdoor area.
Zalaznick, who refused to disclose the rental terms, said Major Food Group plans to open its Israeli supper club HaSalon this week in the former China Grill / Lobster Bar Sea Grille on 404 Washington Avenue in Miami Beach. Sadelle’s at the Boca Raton Resort & Club is slated to open at the end of the year. And a 10,000-square-foot Sadelle’s Restaurant and Market Place is slated to open next year at 1212 Lincoln Road that will include a gourmet market.
Fabio and Sebastian Faerman from FA Commercial at Fortune International Realty represented the developer on the sale of the Coconut Grove property. They declined to comment on the deal.
The venture Terra company also sold the first floor retail apartment of Park Grove Residences, a luxury three-tower residential complex, to a Mexican investment group for $ 6 million, Sebastian Faerman said. That space is just under 10,000 square feet, he said. FA Commercial represented buyers and sellers in this deal. Real estate records show that 2811 SBD LLC, managed by Elias Assa Cojab, Benjamin Assa Cojab, and Eduardo Gildenson, acquired the retail condo.
Coconut Grove is in the middle of a major redevelopment with projects like the expansion and renovation of CocoWalk, the new Mr. C Hotel, and condominium projects like Mr. C Residences. Brookfield Asset Management is also renovating the Mayfair Hotel, which was acquired for more than $ 40 million in 2019.
Next to the planned Sadelle’s is the office building of the Related Group, to which the company relocated its headquarters at the beginning of the year and in which Daniel Sundheim’s hedge fund D1 Capital Partners, among others, has new office tenants.
Related founder and CEO Jorge Pérez and his wife Darlene moved into a Park Grove penthouse this year and sold their nearby waterfront property for $ 33 million.
The Major Food Group expanded to South Florida about a year ago and now has Carbone in South Beach and ZZ’s Sushi Bar in the Miami Design District.
The company plans to open a Sadelle’s and Carbone in Dallas early next year, Zalaznick said.
Contact Katherine Kallergis
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