French bistro Le Piment opening in Miami Beach’s South-of-Fifth

The restaurant signed a lease for a 1,250 sf cottage at 864 Commerce Street

Jun.June 06, 2017 04:45 PM

864 Commerce Street and Noah Fox

UPDATED June 6, 11:30 p.m.: Le Piment, a French bistro with two locations in St. Barts, is opening an eatery in Miami Beach’s South-of-Fifth neighborhood, The Real Deal has learned.

The restaurant has signed a lease for 864 Commerce Street, broker Noah Fox of Koniver Stern Group told TRD. Fox represented the landlord, Commerce Street Offices LLC, which is led by his father Nelson Fox, as registered agent, and partners Fox Irrevocable Trust, Koniver Stern 401K and RonRuss Partners, which is linked to Russell Galbut’s Crescent Heights, records show.

Alex Noyer of Coldwell Banker represented the tenant. He said his clients had been looking for a site for four months, first in Sunset Harbour, before he introduced them to South-of-Fifth.

The 1,250-square-foot property is a small, standalone cottage that was formerly used as an office building, Fox said. The restaurant is now building out the space with plans to open in time for Art Basel Miami Beach. Both Fox and Noyer declined to disclose lease terms.

The bistro will be the restaurant’s first in the United States, said Fox, who visited Le Piment in St. Barts. A representative from the ownership group did not immediately respond to a request for comment.

“It’s a friendly neighborhood bistro,” Fox said. “It will be a nice addition to the neighborhood.”

Alex Noyer

The restaurant will serve breakfast through dinner, with moderate prices, Noyer said.

“It will be a  French gastropub with modern, Euro-friendly design, something very relaxed, not fancy, he said.

The South-of-Fifth neighborhood is being transformed with new boutique condo projects, including Mast Capital’s Louver House, JMH Development’s Three Hundred Collins and Terra Group’s Glass.

Other new restaurants in the South-of-Fifth neighborhood include Forte Dei Marmi at 150 Ocean Drive, and Bakehouse Brasserie at 808 First Street.

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