The Real Deal Miami

KLIMA opens in South Beach in former Tosca, Eden, Talula space

Owners from Spain spent more than $1 million on remodeling

March 13, 2015 02:15PM
By Ina Cordle

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KLIMA Restaurant and Bar collage

KLIMA Restaurant and Bar

Years in the making, KLIMA Restaurant and Bar has opened in the Collins Avenue area of South Beach, offering Spanish cuisine from Barcelona.

The restaurant, at 210 23rd Street, is close to several upscale hotels on Collins Avenue in the historic district, including the W South Beach, the Setai Miami Beach, and the soon-to-open Hotel & Homes South Beach, developed by Richard LeFrak.

KLIMA’s co-founders, Pablo Fernández-Valdés and Yago Giner, told The Real Deal that they have spent more than $1 million renovating the 70-seat restaurant property, which includes 5,200 square feet of indoor and outdoor patio dining areas. The asking rent was more than $40 per square foot, said Fernández-Valdés and Giner, who were the former CEO and COO of the Grupo Tragaluz hospitality corporation in Spain.

In recent years, the space has seen several restaurants come and go, including Tosca, Eden and Talula.

The commercial building is owned by Shalom and Nelly Yefet, who purchased it in January 1993 for 195,000, according to Miami-Dade property records.

“We are very pleased to finally welcome guests to our inaugural restaurant project that we have been developing over the last two years,” Managing Partner Fernández-Valdés said in a statement.

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