Major Food Group to open Sadelle’s in Coconut Grove

Developer Alex Pirez bought the former Tigertail + Mary building at Park Grove

Miami /
Nov.November 16, 2021 06:00 PM
Major Food Group to open Sadelle’s in Coconut Grove

(L-R) David Martin, Jorge Perez, Alex Pirez, Mario Carbone, Rich Torrisi, and Jeff Zalaznick with 3321 Mary Street (Google Maps, Seth Browarnik World Red Eye, Camilo Rios, Wikipedia, Major Foods, LinkedIn)

Major Food Group will open its popular brunch restaurant Sadelle’s in Miami’s Coconut Grove neighborhood, The Real Deal has learned.

The New York restaurant group, which has expanded rapidly in the Miami area, inked a lease with the new owner of the former Tigertail + Mary restaurant building at the Park Grove development, according to sources. Restaurateur Michael Schwartz closed Tigertail + Mary last month due to the pending sale.

A joint venture between the Related Group and Terra developed Park Grove and sold the restaurant building at 3321 Mary Street to developer Alex Pirez, owner of Mocca Realty and Mocca Construction, for $5.5 million, sources said. Related and Terra have both moved their headquarters to nearby buildings.

Sadelle’s is expected to open in the second week of December, partner Jeff Zalaznick said. The restaurant group, led by founders Mario Carbone, Rich Torrisi and Zalaznick, signed a 10-year lease with an option to extend for the 5,700-square-foot building. The restaurant also includes outdoor space.

Zalaznick, who declined to disclose lease terms, said Major Food Group plans to open its Israeli supper club, HaSalon, this week in the former China Grill/Lobster Bar Sea Grille space at 404 Washington Avenue in Miami Beach. Sadelle’s at The Boca Raton Resort & Club is planned to open by the end of the year. And a 10,000-square-foot Sadelle’s Restaurant and Market Place is expected to open at 1212 Lincoln Road next year, which will include a gourmet market.

Fabio and Sebastian Faerman of FA Commercial at Fortune International Realty represented the developer in the sale of the Coconut Grove property. They declined to comment on the deal.

The Related-Terra venture also sold the retail condo on the ground floor of Park Grove Residences, a three-tower luxury condo development, to a Mexican investment group for $6 million, Sebastian Faerman said. That space spans just under 10,000 square feet, he said. FA Commercial represented the buyer and seller in that deal. Property records show 2811 SBD LLC, managed by Elias Assa Cojab, Benjamin Assa Cojab and Eduardo Gildenson, acquired the retail condo.

Coconut Grove is in the midst of major redevelopment, with projects that include the expansion and renovation of CocoWalk, the new Mr. C hotel, and condo projects such as Mr. C Residences. Brookfield Asset Management is also renovating the Mayfair hotel, which it acquired for more than $40 million in 2019.

Next door to the planned Sadelle’s is Related Group’s office building, where the company moved its headquarters earlier this year, and where new office tenants include Daniel Sundheim’s D1 Capital Partners hedge fund.

Related’s founder and CEO, Jorge Pérez, and his wife Darlene moved to a penthouse at Park Grove this year and sold their nearby waterfront estate for $33 million.

Major Food Group expanded to South Florida about a year ago and now has Carbone in South Beach and ZZ’s Sushi Bar in the Miami Design District.

The company plans to open a Sadelle’s and Carbone in Dallas early next year, Zalaznick said.





    Related Articles

    arrow_forward_ios
    Florida Value Partners’ Gus Alfonso and Atlantic I Pacific Communities’ Howard Cohen with renderings of the project (LinkedIn, AP Companies, Corwil Architects, Getty)
    Fries with that? Developers propose rental towers at Shorty’s BBQ site
    Fries with that? Developers propose rental towers at Shorty’s BBQ site
    Douglas Elliman’s Jay Parker, Related Group's Jorge Pérez and Fisher island (Google Maps, Getty, Douglas Elliman, Related Group)
    VIP only: Related, partners begin sales of Fisher Island condo project
    VIP only: Related, partners begin sales of Fisher Island condo project
    1 East Broward Boulevard in Fort Lauderdale and Pacific Coast Capital Partners’ co-founders William Lindsay, Aaron Giovara and Donald Kuemmeler (PCCP, Google Maps)
    Lease roundup: West Marine moves HQ to Fort Lauderdale
    Lease roundup: West Marine moves HQ to Fort Lauderdale
    SL Green’s Andrew Mathias, Boich Investment Group’s Wayne Boich and Related Companies’ Bruce Beal with rendering of 1920 Alton Road (SL Green, Boich Enterprises, Related Companies)
    Wayne Boich, Related’s Bruce Beal and SL Green president plan Miami Beach project
    Wayne Boich, Related’s Bruce Beal and SL Green president plan Miami Beach project
    Immocorp Capital's Gilbert Benhamou and a rendering of Northwood Square (LinkedIn; renderings via Kobi Karp)
    West Palm approves Immocorp’s mixed-use project in Northwood
    West Palm approves Immocorp’s mixed-use project in Northwood
    River Landing Shops and Residences with Andrew Hellinger and Coralee Penabad of Urban-X Group (UrbanX)
    Lease roundup: Urban-X, Motwani, Falcone, CIM Pebb score tenants
    Lease roundup: Urban-X, Motwani, Falcone, CIM Pebb score tenants
    South Florida real estate players gear up for recession, but remain optimistic
    South Florida real estate players gear up for recession
    South Florida real estate players gear up for recession
    Robert Rivani and Marc Roberts
    “Miami is the last man standing”: Marc Roberts weighs in with Robert Rivani on hospitality
    “Miami is the last man standing”: Marc Roberts weighs in with Robert Rivani on hospitality
    arrow_forward_ios

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

    Loading...