Italian restaurateur lists Sunset Juice Cafe property for $24M

Corner property could be redeveloped into mixed-use retail, office, hotel and resi

Miami /
Aug.August 24, 2020 03:30 PM
1920 Alton Road and Phil Gutman (Google Maps)

1920 Alton Road and Phil Gutman (Google Maps)

The owner of Sunset Juice Cafe and other restaurants in Miami Beach wants to sell his Sunset Harbour property for $24 million.

The corner building, at 1920 Alton Road, is home to the Sunset Juice Cafe, Rosinella Market and Anatomy Gym. Restaurateur Tonino Doino, who owns both Sunset Juice and Rosinella, is listing it with Brown Harris Stevens Miami, led by Phil Gutman.

Gutman said Doino’s restaurant and market could remain in place, depending on who purchases the property, though the building has attracted other leasing interest. Anatomy has several years left on its lease.

“We had an enormous amount of interest in the retail, but the owners chose to put that on pause because they want to see what a potential buyer would offer,” Gutman said. He added that investors are looking for “safe bets with tangible assets” as opposed to investing in the stock market, which has been volatile since March.

The lot could be redeveloped into a hotel, office, residential or mixed-use project, Gutman said.

Sunset Juice Cafe is a Sunset Harbour mainstay. The building, which was renovated in 2014, is near the Alton Road entrance to the popular Miami Beach neighborhood. The 25,600-square-foot property last sold to Doino’s Miami Avenue HoldCo LLC in 2011 for $3.5 million.

Last year, Doino’s company sold a property in Allapattah to CenturyLink for $18.75 million.

Sunset Harbour may also see some changes in the near future. The Miami Beach City Commission is set to consider a ban on chain, or “formula,” restaurants and stores in the neighborhood next month.

Two years ago, developer Scott Robins and former Miami Beach Mayor Philip Levine sold a seven-building portfolio in Sunset Harbour for nearly $69 million to a North Carolina investment firm. Tenants there include Lucali, Flywheel Sports, Barry’s Bootcamp, Panther Coffee, Icebox Café and Stiltsville.

Write to Katherine Kallergis at [email protected]


Related Articles

arrow_forward_ios
International Inn at 2301 Normandy Isle, Miami Beach (Google Maps)

Miami Beach approves 8-story addition for International Inn

Miami Beach approves 8-story addition for International Inn
Jorge Perez and Jon Paul Perez with Terminal Island (Getty, iStock)

Related gets height increase needed for Terminal Island office project in Miami Beach

Related gets height increase needed for Terminal Island office project in Miami Beach
(Google Maps)

Miami-Dade condo sales and closed dollar volume take a dive at start of year

Miami-Dade condo sales and closed dollar volume take a dive at start of year
An exterior of 1835 West 27th Street, Miami Beach (Douglas Elliman)

Venezuelan oil tycoon sells Sunset Islands waterfront mansion for $17M

Venezuelan oil tycoon sells Sunset Islands waterfront mansion for $17M
 Jeff Blau and One Ocean (Getty)

Related Cos. CEO Jeff Blau sells Miami Beach condo

Related Cos. CEO Jeff Blau sells Miami Beach condo
Roger and Sloan Barnett and Palazzo Della Luna (Getty)

Nutrition guru couple pays $17M for Fisher Island condo

Nutrition guru couple pays $17M for Fisher Island condo
Silvia Coltrane and 7300 Collins Avenue (Corcoran, Google Maps, Manolos)

Silvia Coltrane sells Manolo building near Ocean Terrace project in North Beach

Silvia Coltrane sells Manolo building near Ocean Terrace project in North Beach
Caroline Wozniacki and David Lee and Palazzo Del Sol, Fisher Island (Photos via Getty; The Jills Zeder Group/photography by Lifestyle Production Group)

Caroline Wozniacki and David Lee list Fisher Island condo for $18M

Caroline Wozniacki and David Lee list Fisher Island condo for $18M
arrow_forward_ios

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

Loading...