Piola opening at new Hampton Inn on Collins in Mid-Beach

Miami /
Dec.December 16, 2016 02:15 PM

Piola, the popular pizza place, is opening another restaurant in Miami Beach as it continues to expand in South Florida.

The restaurant just signed a lease for 1,753 square feet on the ground floor and 853 square feet of outdoor patio at 4000 Collins Avenue, Irma Figueroa, director of retail leasing and sales for Comras Company, told The Real Deal. Figueroa represented Piola; Jonathan Carter and Robin Weiner of Comras Company represented the landlord.

The property is a future Hampton Inn. In October 2015, Pebb Capital and Duncan Hillsley Capital, two investment firms based in Boca Raton, bought the site of the aging Continental on Collins condo-hotel in Mid-Beach. The joint venture paid about $23.36 million to buy out the owners of all 102 condos and 18 commercial units at the building, according to county records. Some of the units were transferred using a quit claim deed, so the full price is unknown.

Pebb and Duncan Hillsley completely gutted the building’s interiors to transform the five-story building into a 90-key Hampton Inn with ground-floor restaurant space. The renovations are still ongoing, and Figueroa said Piola is waiting for the owners to turn over the space so it can begin its buildout.

Piola has been adding new locations in South Florida, recently leasing space at 705 Washington Avenue in Miami Beach, at Suniland Shopping Center in Pinecrest and at Gateway Plaza in Doral. Piola also has locations on Brickell in Miami, in Hallandale Beach, Fort Lauderdale and Weston, as well as in Houston, Texas; Arlington, Virginia; Washington, D.C.; and Raleigh, North Carolina, according to its website. The company had operated at 1625 Alton Road, near the corner of Lincoln Road in Miami Beach, for 15 years before its lease expired at the end of August 2015.


Related Articles

arrow_forward_ios
A photo illustration of 12203 Tillinghast Circle in Palm Beach Gardens (top) and 6300 North Bay Road in Miami Beach (Getty Images, Old Palm Golf Club, Coldwell Banker)
Flipping crazy: South Florida’s top resi flips of the year so far, ranked
Flipping crazy: South Florida’s top resi flips of the year so far, ranked
Don Peebles, in partnership with former Miami Beach Mayor Philip Levine and developer Scott Robins, wants to build a six-story office and apartment building on a city-owned parking lot (Rendering courtesy of 1664 Meridian Ave General Partner LLC)
Miami vs NYC: A developer’s guide
Miami vs NYC: A developer’s guide
From left: Monroe Capital’s Theodore Koenig, Steve Witkoff, HFZ's Ziel Feldman and Benny Shabtai with the Shore Club (Monroe, Witkoff, HFZ, Getty)
Judge awards $5M to Israeli mogul in HFZ lawsuit over failed Shore Club project in Miami Beach
Judge awards $5M to Israeli mogul in HFZ lawsuit over failed Shore Club project in Miami Beach
Prive at 5000 Island Estates Drive in Aventura (Condo.com, getty)
Privé in Aventura closing tops Miami-Dade’s weekly condo sales
Privé in Aventura closing tops Miami-Dade’s weekly condo sales
Carillon Miami Wellness Resort at 6801 Collins Avenue in Miami Beach (Google Maps, Getty)
Z Capital loses attempt to slap Miami Beach condo owners with $8M assessment
Z Capital loses attempt to slap Miami Beach condo owners with $8M assessment
Juan Jose Zaragoza and Fernando Perez-Hickman with 429 Lenox Avenue (LinkedIn, Google Maps)
Madrid-Miami JV buys WeWork leased office building in South Beach for $37M
Madrid-Miami JV buys WeWork leased office building in South Beach for $37M
Austin Rosen and 6417 Pine Tree Drive Circle (Zillow, Getty)
Hit repeat: Music exec Austin Rosen buys next-door waterfront Miami Beach home for $12.5M
Hit repeat: Music exec Austin Rosen buys next-door waterfront Miami Beach home for $12.5M
Jamestown CEO Matt Bronfman and the 727 Collins Apartments at 727 Collins Avenue in Miami Beach (Getty, Google Maps, Jamestown)
Former low-income South Beach apartments hit market as possible hotel conversion
Former low-income South Beach apartments hit market as possible hotel conversion
arrow_forward_ios

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

Loading...