The property is currently leased to high-end restaurant Cipriani, it was marketed off market and sold within one month for $7.6 million to an investor who purchases investment properties.
Mr. Faerman represented both seller and buyer. This magnificent retail space totals 11,071 square feet composed of 3 floors with covered and open air terraces apart from the main restaurant space; kitchen space in lobby level, back of the house, storage spaces, built out bathrooms and direct river-walk access. The price per square foot totaled at $686 per square foot.
Icon retail faces the Miami River waters, and is surrounded by a bay walking area. Beautiful and relaxing views come with the space, displaying a view of the breathtaking waterfront; which manifests the reputation as a must-see destination in one of the most active areas in the city of Miami.