Mast Capital just sold a historic French chateau in Brickell

TRD MIAMI /
Aug.August 06, 2018 06:00 PM

Camilo Miguel Jr. CEO of Mast Capital, photo of 1500 Brickell Avenue

Mast Capital just sold a historic French chateau on Brickell Avenue for $6.25 million, where it planned to bring an Italian restaurant.

Mast Capital sold the 5,837-square foot building at 1500 Brickell Avenue to Chateau Petit Douy LLC for $1,070 per square foot, property records show. Camilo Miguel Jr., CEO of Mast Capital, said Chateau Petit Douy is controlled by the hospitality group that is bringing a restaurant to the location. He said the restaurant will open in early 2019.

Italian restaurateurs Fabrizio and Diana Bianconi were planning to bring their first restaurant to the site.  The couple could not immediately be reached for comment.

Chateau Petit Douy lists its manager as Dale Chappell, a managing member of the hedge fund Black Horse Capital Advisors. The buyer financed the deal with $3.25 million of seller financing.

Mast Capital bought the property in August 2013 for $2.58 million, and got it rezoned for retail and commercial uses. The company also upgraded the electrical and air conditioning and completed other renovations.

The building was originally built in 1928 and sits on a 15,300-square-foot lot near the intersection of Brickell Avenue and 15th Street, across from 1450 Brickell Avenue.

Bianconi’s Miami location would add to Diana and Fabrizio Bianconi’s portfolio of restaurants, which include Via Veneta and Bianconi in Los Angeles and L’Isola and L’Isoletta in St. Barts.


Related Articles

arrow_forward_ios
2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

Rattan Chadha, Executive Chairman & Founder of CitizenM

CitizenM scores $48M loan to build Brickell hotel

Daily Digest Miami

Last call for Purdy Lounge, Russell Galbut wants to sell another Miami Beach hotel: Daily digest

Smart Brickell and Santiago Vanegas

Habitat moves forward with West Brickell condo, hotel project

La Social’s original location at 7601 Biscayne Boulevard (Credit: Google Maps)

The Weekly Dish: La Social to open in downtown Miami, Salt & Straw is going to Wynwood 25 & more

Rendering of Virgin Hotels Miami and Richard Branson (Credit: Getty Images)

Richard Branson’s Virgin Hotels unveils plans for first Miami hotel, co-living included

Daily Digest Miami

PurduePharma family behind office purchase in downtown West Palm, Dwyane Wade wants out of Miami Beach manse: Daily digest

Babylon Apartments and Francisco Martinez-Celeiro (Credit: Google Maps and Wikipedia)

Showdown in Miami? Spaghetti Western star loses Brickell upzoning battle

arrow_forward_ios
Loading...