Rosinella Italian Trattoria owner Tonino Doino sold a property in Allapattah to CenturyLink for $18.75 million, The Real Deal has learned.
Doino’s Miami Avenue Holding Company LLC sold the 101,000-square-foot building and land at 1101 and 1109 Northwest 22nd Street. CenturyLink, a telecommunications company based in Monroe, Louisiana, provides communications and data services in 37 states and is among the largest communications providers in the U.S., according to its website.
Brown Harris Stevens’ Jeff Cohen and Saad Hamdan, led by Phil Gutman, brokered the deal. The brokerage re-listed the property in October for $20 million.
Gutman said the sale is a record for Allapattah, beating the $16 million developer Robert Wennett paid in 2016 for the Miami Produce Center assemblage at 2140 Northwest 12th Avenue, and 1243 and 1215 Northwest 21st streets.
Wennett is planning a 1.4 million-square-foot mixed-use development on the property, just across the Metrorail tracks from CenturyLink’s site. Designed by Bjarke Ingels, the project will have as many as 2,400 co-living units and 637 traditional residential units, 231,000 square feet of office space, 129,000 square feet of retail space, 22,000 square feet for educational uses and more than 1,000 parking spaces.
Allapattah, a primarily industrial area west of Wynwood and east of Miami International Airport, has attracted investors like Wennett, the Rubell family, Michael Simkins and Lyle Stern.
Doino, an Italian restaurateur who also owns the Sunset Juice Cafe, Rosinella Market and Due Baci in the Sunset Harbour neighborhood, paid a combined $1.65 million for the Allapattah properties between 2012 and 2016, and spent at least $3 million partially renovating the building.
“To me, it’s a great property,” Doino said. “As soon as I saw it, I [bought] it right away. I liked the location.”