The Real Deal Miami

Zuma investors ink lease in Wynwood for Le Chick Rotisserie

Le Chick Rotisserie will open in a 4,000 sf space on Northwest 24th Street

July 11, 2016 01:45PM
By Katherine Kallergis

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A rendering of 318 Northwest 24th Street

A rendering of 318 Northwest 24th Street

Updated, 5:45 p.m., July 18: Two Zuma investors will open a fast casual chicken restaurant in Wynwood, set to open in time for Art Basel. 

The property as of last week

Part of Block Capital’s property as of last week

Le Chick Rotisserie will open in a 4,000-square-foot space at 310 Northwest 24th Street, on the same block as 250 Wynwood. The European restaurant concept is also in Amsterdam as Rotisserie Amsterdam, Gaston Miculitzki of BM2 Realty told The Real Deal.

BM2 represented the landlord, Block Capital Group, in the 10-year lease deal. Leslie Cooper and Sophie Bamps of ONE Sotheby’s International Realty represented the tenant, Zuma owners Yona and Tunu Puri. Coco Coig and Jorge Sanchez will bring the concept from Europe, Miculitzki said.

In Amsterdam, the menu includes chicken, burgers, a variety of sauces, salads and cocktails.

Block Capital Group bought the building next to the planned restaurant for $6 million in December. And the company just paid $3.75 million for the property at 318 and 320 Northwest 24th Street, which brings its total to more than 20,000 square feet of contiguous land, Miculitzki told TRD. Ari Dispenza of Central Commercial Real Estate represented the seller.

“In the long run, it’s a nice piece of land that we could go vertical on,” Miculitzki said.

The restaurant is one of many in the booming neighborhood that has either recently opened or plans to in the coming months. Next door at 250 Wynwood, Thor Equities signed leases with Federal Donuts, based in Philadelphia, and Crudos Fusion Sushi. Two of Coyo Taco’s owners also signed a lease for a new concept at 143 Northwest 23rd Street.

Also in Wynwood, the former executive chef and general manager of Zuma in downtown Miami bought the leasehold interest of the space at 251 Northwest 25th Street earlier this year and opened an Asian-inspired restaurant, KYU.

“A lot of restaurants are coming to the area, and they are all different concepts,” Miculitzki said. “Even high-end restaurants in the area are full.”

Zuma partners own Coya, La Petite Maison, Roka, Il Baretto, Aurelia and Banca. Zuma in downtown Miami, at the Epic, generates up to $25 million a year, co-owner Arjun Waney told TRD last year.