Owners of Coyo Taco to launch new restaurant in Wynwood

Miami /
Jul.July 07, 2016 05:15 PM

A pair of owners of Coyo Taco are doubling down on Wynwood with plans for a new restaurant.

Amadeus Concepts LLC signed a five-year lease for the property at 137-143 Northwest 23rd Street, Tony Arellano of Metro 1 told The Real Deal last month. The LLC is managed by Coyo owners Alan Drummond and Sven Vogtland who partnered up with Gabriela Chiriboga.

The company has plans for a food and beverage concept with 5,000 square feet of indoor space and a 5,000-square-foot patio. A spokesperson for Drummond and Vogtland told TRD that plans for the space are in preliminary stages.

The restaurant’s lease is an annual rate of $62.50 triple-net, which comes out to about $26,000 a month, Arellano told TRD. The off-market lease was brokered by Arellano and Fortune International Realty’s Ricardo Du Pond, and Tom Evental of Domain Real Estate Services.

Wynwood Elite Properties bought the building in January for $3.2 million. Arellano arranged that deal as well. Records show Ronald Firman of Miami controls the LLC.

Coyo will remain at its flagship Wynwood location, which is nearby at 2300 Northwest Second Avenue. The eatery announced it was opening a second Coyo at Axis Brickell in April.

A slew of new restaurants are headed to Wynwood, including Crudos Fusion Sushi at 250 Wynwood, KYU, and a new concept from chef and restauranteur Norman Van Aken.


Related Articles

arrow_forward_ios
Rendering of the Dorsey with Alex Karakhanian, Jon Paul Perez and Tricera’s Scott Sherman and Ben Mandel (iStock)
Related scores $88M construction loan for Dorsey project in Wynwood
Related scores $88M construction loan for Dorsey project in Wynwood
Ben Bernstein and Ryan Shear with a rendering of the project at 2407 Northwest 2nd Avenue, Miami (RedSky, PMG, Google Maps)
PMG adds to assemblage of planned Society Wynwood project
PMG adds to assemblage of planned Society Wynwood project
Goldman Properties' Jessica Goldman Srebnick with 2501 Northwest 5th Avenue and the lot at 413 Northwest 25th Street, Miami (Getty, iStock)
Goldman Properties buys Wynwood property for discounted $5M
Goldman Properties buys Wynwood property for discounted $5M
Pharrell Williams and David Lerner with a photo of 2545 Northwest Third Avenue and a rendering of the Billionaire Boys Club exterior (Getty, Google Maps, Lerner Family Properties)
Pharrell’s Billionaire Boys Club to open store in Wynwood
Pharrell’s Billionaire Boys Club to open store in Wynwood
Angel Febres, partner, Homecookin’ Hospitality and Metro 1 Managing Director Andres Nava
Wynwood nightclub building hits the market
Wynwood nightclub building hits the market
Domio Wynwood, Gustavo Miculitzki, and Jon Paul Pérez (Credit: Alberto Tamargo/Getty Images)
Related lists Domio Wynwood apartment-hotel for sale with whisper price of $90M
Related lists Domio Wynwood apartment-hotel for sale with whisper price of $90M
From left: Benjamin Bernstein, Pan Shiyi, and Zhang Xin (Credit: Google Maps, Dickson Lee/South China Morning Post via Getty Images)
Lender closes on RedSky and JZ’s Wynwood assemblage
Lender closes on RedSky and JZ’s Wynwood assemblage
Wynwood Works rendering and Udonis Haslem (Credit: Bobby Metelus/Getty Images)
Magellan Housing and Miami Heat star Udonis Haslem to build Wynwood apartment project on city-owned land
Magellan Housing and Miami Heat star Udonis Haslem to build Wynwood apartment project on city-owned land
arrow_forward_ios

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

Loading...