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

Owners from Spain spent more than $1 million on remodeling

Miami /
Mar.March 13, 2015 02:15 PM

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.


Related Articles

arrow_forward_ios
Major Food Group's Jeff Zalaznick and the Design District location (iStock)

New York restaurateur Major Food Group to open three concepts in Miami

New York restaurateur Major Food Group to open three concepts in Miami
Pharrell, Eric Birnbaum and David Grutman with a rendering of the hotel (Getty, Linkedin, Goodtime Hotel)

Pharrell, David Grutman partner with developer to launch South Beach hotel

Pharrell, David Grutman partner with developer to launch South Beach hotel
Lord Balfour Hotel

Mezz lender forecloses on Ocean Drive hotel in South Beach

Mezz lender forecloses on Ocean Drive hotel in South Beach
119 Washington Avenue Miami Beach

South Beach office building inks lease for record $92 psf

South Beach office building inks lease for record $92 psf
1568 Washington Ave., Miami Beach (Credit: Google Maps)

South Beach dev site with multifamily, retail hits market

South Beach dev site with multifamily, retail hits market
Michael Shvo and a rendering of the project

Michael Shvo’s proposed Miami Beach tower gets haircut and approval

Michael Shvo’s proposed Miami Beach tower gets haircut and approval
Russell Galbut, Mondrian South Beach

Mondrian South Beach unit owners sue condo association and companies tied to Russell Galbut, alleging securities fraud

Mondrian South Beach unit owners sue condo association and companies tied to Russell Galbut, alleging securities fraud
Steve Witkoff and the Washington Park Hotel (Getty, Google Maps)

Ladder Capital seeks to foreclose on Witkoff’s South Beach hotel

Ladder Capital seeks to foreclose on Witkoff’s South Beach hotel
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...