The Real Deal Miami

The Weekly Dish: JEY Hospitality inks deal for new concept in Flagler Village & more

Salty Donut and Hank & Harry's are opening locations in South Miami
By Katherine Kallergis | April 02, 2018 03:05PM

Renderings of 810 Northeast Fourth Avenue and Jaime Sturgis

JEY Hospitality | Fort Lauderdale’s MASS District, Flagler Village

JEY Hospitality signed a lease for an entertainment/dining venue in Fort Lauderdale’s Music & Arts South of Sunrise (MASS) District within Flagler Village, according to broker Jaime Sturgis.

JEY secured a 10-year lease for the roughly 3,200-square-foot building at 810 Northeast Fourth Avenue. Sturgis, CEO of Native Realty, represented the building’s owner, RWL 4 Inc. The building sits on a 9,750-square-foot lot that includes a large courtyard JEY will use, Sturgis said.

Asking rent was $32.50 per square foot, triple net, and JEY will have a tiered rent structure in lieu of the landlord providing improvements. JEY will pay 33 percent of rent in the first year, 66 percent in the second year and full rent by the third year. Sturgis said he received three full-price offers for the space.

The building was previously occupied by Jump The Shark, a bar. Sturgis expects the new concept to open within six to nine months.

Marc Falsetto, co-founder of JEY, could not immediately be reached for comment. The hospitality group’s restaurants include Rok:Brgr, Tacocraft and Henry’s Sandwich Station nearby at 545 Northwest First Avenue.

Salty Donut | South Miami

The Salty Donut is expanding to South Miami. Owners Andy and Amanda Rodriguez will open in a 1,300-square-foot space at 6022 South Dixie Highway.

The popular Wynwood donut shop is expecting to open in the third quarter of this year. It will be roughly double the size of the Wynwood Arcade location with a large inner courtyard.

Salty Donut will be part of Lndmrk Development and Wynwood Retail Co.’s redevelopment of the former Fox’s Lounge building. Property records show S. Miami Retail BH LLC paid $7.5 million for the properties at 7435 Southwest 61st Avenue and 6022-6030 South Dixie Highway.

Dwntwn Realty Advisors’ Tony Arellano arranged the lease. Asking rent was $65 per square foot, triple net, Andy Rodriguez said. Salty Donut signed a five-year deal with a five-year extension.

Hank & Harry’s Deli | South Miami

Near the Salty Donut’s future South Miami location is Hank & Harry’s Deli. The New York-style deli recently opened at 5958 South Dixie Highway, joining American Harvest next door.

Hank & Harry’s, led by Miami restaurateur Buzzy Sklar, opened in Miami Beach at 1691 Michigan Avenue last year. It’s leasing 3,00 square feet of indoor and outdoor space at the South Miami building, a new development owned by Greenstreet Real Estate Partners, according to the Miami New Times.

Latin Café 2000 | Brickell

Latin Café 2000 is opening in Brickell.

The restaurant group secured a lease for 3,400 square feet on the ground floor of the building at 1053 Brickell Plaza, according to a press release. Daniel Pou of Horizon Properties arranged the 25-year deal. Latin Café 2000 has three locations on Biscayne Boulevard in Edgewater, in Hialeah and on LeJeune Road.

MOD Pizza | Kendall

BBX Capital is opening its third MOD Pizza in Florida at the Palms at Town & Country.

The 3,400-square-foot restaurant will open on Tuesday at 8525 Mills Drive, unit 301. BBX Capital is the exclusive franchisee for MOD Pizza in Florida. The firm has locations in Coral Springs, Parkland and Jacksonville.

Coyo Taco | Palm Beach

Coyo Taco fans in Palm Beach County will be able to satisfy their cravings within county lines.

The popular Wynwood eatery just opened a location at the Royal Poinciana Plaza at 340 Royal Poinciana Way in Palm Beach, according to a press release. Founders Alan Drummond and Sven Vogtland, along with executive partner and chef Scott Linquist, will lead the taco outpost.

In a separate deal, former Coyo Taco partner Anna Robbins recently opened 222 Taco in a 4,000-square-foot space at 1674 79th Street Causeway in North Bay Village, according to Eater.

Novecento | Doral

Suviche Hospitality Group will be opening Novecento’s fourth location this summer.

The restaurant group, which acquired the Novecento brand last year, is opening at CityPlace Doral, where other tenants include Brimstone Woodfire Grill, BurgerFi and Cooper’s Hawk Winery & Restaurant. The Related Group, Shoma and PGIM opened the mixed-use development at 8300 Northwest 36th Street last year.