The Real Deal Miami

NYC fast food king buys at Mansions at Acqualina

Riese Organization owns and operates about 75 restaurants in the NYC area

October 14, 2015 10:30AM
By Katherine Kallergis

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Renderings of the newly completed Mansions at Acqualina (Credit Neoscape) and Dennis Riese

Renderings of the newly completed Mansions at Acqualina (Credit: Neoscape) and Dennis Riese

Dennis Riese, chairman and CEO of the Riese Organization, and his wife Randi paid $6 million for a unit at the Mansions at Acqualina, according to a deed recorded on Tuesday.

The Rieses closed on unit 3301 in the newly completed 47-story tower in Sunny Isles Beach, Miami-Dade County records show. Details about the unit were not available.

The New York-based Riese Organization owns and operates about 75 restaurants in the New York City area, including TGI Fridays, KFC, Pizza Hut, Nathan’s and Tim Hortons Cafe and Bake Shop.

Mansions, at 17749 Collins Avenue, was developed by Jules and Eddie Trump — of no relation to presidential candidate Donald Trump — and is the second Acqualina-branded tower to be built. The third, Estates at Acqualina, is expected to open in 2019. 

Other buyers in the high-end tower include video game developer and software company executive Joel Hochberg. Mansions at Acqualina began recording closings on Aug. 10 and marks the 37th new condo tower to be completed in coastal South Florida since the current real estate cycle began in 2011.

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