The Weekly Dish: Coral Gables restaurant project scores loan & more

Coyo Taco and Puña slated to open at the Giralda Ave redevelopment

Miami /
Oct.October 02, 2018 11:30 AM

A rendering of 120 Giralda Avenue

120 Giralda Avenue | Coral Gables

The developer of 120 Giralda Avenue, a retail and restaurant project on “Restaurant Row” in Coral Gables, secured a $6.25 million mortgage from City National Bank of Florida.

120 Giralda LLC, controlled by Marc and Barry Schwarzberg of Maven Real Estate, is redeveloping the building. The company acquired the property last year from the Church of Scientology for $5.8 million.

The renovation calls for 14,534 square feet of commercial space with a rooftop restaurant and 3,000 to 11,000 square feet of space on the ground floor. Coyo Taco and Puña will be tenants at the building. Puña is taking about 5,000 square feet of indoor and outdoor space on the rooftop and is set to open in the third quarter of next year, according to a release.

Rafael Romero and Steven Henenfeld of CREC are handling leasing for the developer.

Earlier this year, Coral Gables completed a streetscape project for Giralda Avenue and Miracle Mile. Giralda was closed off to cars.

Swine | Coral Gables

50 Eggs is closing Swine after five years. Founder and CEO John Kunkel told Miami.com that he’s going to open a new concept in the space at 2415 Ponce de Leon Boulevard in Coral Gables.

The restaurant company is expanding Yardbird to Las Vegas, Singapore and Beverly Hills. Earlier this year, it closed Spring Chicken at the original Lime location, at 1439 Alton Road.

Sanguich De Miami | Little Havana

Sanguich De Miami opened its first brick-and-mortar location at 2057 Southwest Eighth Street. The restaurant is leasing about 750 square feet at the strip shopping center, according to a release.

Property records show a company owned by David, Daniel and Brian Lombardi of Lombardi Properties, along with Jared Brunnabend of Bayshore Investment Partners, paid $3.1 million for the property in 2017.

The Cat Café South Beach | Miami Beach

A coffee bar and cat foster home area is opening in Miami Beach. The 2,900-square-foot “cat cafe” will be divided into two spaces by a glass wall, according to the South Florida Business Journal. Celyta Jackson owns the business, which is slated to open at 1423 Washington Avenue.


Related Articles

arrow_forward_ios
Eighty Seven Park next to the collapsed Champlain Towers South (Getty)
Condo tower Eighty Seven Park, Collins Avenue still closed amid concerns of possible street collapse
Condo tower Eighty Seven Park, Collins Avenue still closed amid concerns of possible street collapse
Ronny Finvarb with the proposed hotel (GEK Architecture)
Sunset Harbour’s new zoning district bans Ronny Finvarb’s planned hotel, allows taller offices
Sunset Harbour’s new zoning district bans Ronny Finvarb’s planned hotel, allows taller offices
DataDirect Networks President Paul Bloch, Oceanfirst Realty principal Eddy Chabli and renderings of the house Bloch plans to build (DDN, Kobi Karp Architecture)
Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
800 Lincoln Road building and Restaurateur Gregory Galy (Tricap, LinkedIn)
Mila restaurant to add entertainment venue on Lincoln Road
Mila restaurant to add entertainment venue on Lincoln Road
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Grupo Marquise’s Jose Carlos Pontes with the property (Compass, Facebook via Grupo Marquise)
Grupo Marquise co-founder sells waterfront Miami Beach mansion for $27M
Grupo Marquise co-founder sells waterfront Miami Beach mansion for $27M
Related Companies Chairman Stephen Ross with One Flagler (Related, Getty)
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Corey Dickerson, Mike Piazza and Derek Jeter with the Miami baseball stadium (Getty)
South Florida by the numbers: Play ball
South Florida by the numbers: Play ball
arrow_forward_ios

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

Loading...