Lease roundup: Rosetta Bakery with a speakeasy on tap at Standard-branded condo in Midtown Miami

Also, financially embattled investor Charles Cohen scored a deal in Dania Beach

Carlos Rosso’s Standard Project, Charles Cohen Nab Tenants

From left: Standard International’s Amber Asher, Midtown Development’s Alex Vadia and Rosso Development’s Carlos Rosso along with a rendering of The Standard Residences at 3100 Northeast First Avenue and the Rosetta Bakery space planned at the property (Getty, Midtown Development, Rosso Development, Standard International, Google Maps)

Rosetta Bakery | Midtown Miami 

Rosetta Bakery will open an Italian Bakery Café and cocktail bar at The Standard Residences, Midtown Miami. 

The restaurant leased 2,500 square feet next to the lobby and 1,200 square feet of outdoor terrace space at the building that’s under construction at 3100 Northeast First Avenue in Miami, according to a news release from the tenant and one of the developers. The restaurant will be a Rosetta Italian Bakery Café, and the bar will be a “hidden” speakeasy concept, the release says. 

This will be Rosetta’s eighth outpost in Miami-Dade County. The restaurant is led by partner Tommaso Bulfon. 

Rosso Development, Standard International and Midtown Development are building the 12-story, 228-unit Standard-branded condo building. The project is 95 percent presold, with Douglas Elliman leading sales and marketing. 

Carlos Rosso started his eponymously named firm in 2020 after two decades of helming Related Group’s condo division. Midtown Development is led by Alex Vadia. 

New York-based hospitality firm Standard International is the parent company of The Standard Hotels and The Peri Hotels, and also has a majority stake in Bunkhouse Hotels, according to its LinkedIn. In South Florida, it operates The Standard Spa on the Venetian Islands in Miami Beach. Standard International is led by CEO Amber Asher. 

The Standard Residences, Midtown Miami is expected to be completed late this year, the release says. 

Pave Mobility | Dania Beach 

A parking compliance services company more than doubled its headquarters space in Dania Beach

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Pave Mobility expanded to 10,000 square feet at 1815 Griffin Road at the Design Center of the Americas, according to the tenant’s news release. Led by Fred Bredemeyer, Pave previously leased 4,700 square feet at the building. 

Pave uses license plate recognition cameras to detect parking violations and automatically send charges by mail, its website says. 

Cohen Brothers Realty, led by Charles Cohen, owns the 800,000-square-foot office and showroom Design Center of the Americans. Last month, the company defaulted on a $534 million loan backed by seven properties, including the Dania Beach design center. The lender, Fortress Investment Group sued, seeking a $187 million judgment, which represents Cohen’s payment guarantee, as well as interest, legal fees and expenses. The financial health of the Design Center of the Americas specifically is unclear. 

Monster Energy, Aroma360 | Miami’s Arts & Entertainment District

Doug Levine, the Crunch fitness founder and South Florida real estate investor, scored eight tenants at his office building in Miami’s Arts & Entertainment District

Aromatherapy store Aroma360 signed the biggest lease at 9,600 square feet at 1900 Northeast Miami Court, according to a news release from the landlord’s broker. 

Monster Energy took 7,900 square feet; Supply Caddy, a manufacturer and supplier of packaging and disposables for the food industry, took 4,300 square feet; and structural engineering consultant Building Drops took 3,400 square feet. Also, hand sanitizer company Touchland leased 2,900 square feet; artist management and booking agency Seitrack US leased 2,600 square feet; and marketing agency 4EON leased 1,300 square feet, according to the release. 

Construction and interior design firm Mico Design, as well as hospitality company and restaurant consultant Sherpa will share a 2,600-square-foot office at the building. 

All tenants leased on the second floor and third floor of the three-level building. Monster Energy is the only tenant that hasn’t moved in. It’s expected to open in May, according to the release. 

Emilia Howard of Gridline Properties represented the landlord, Big Move Properties. 

Big Move Properties, which also is based in the same building, is led by Levine. After selling Crunch Fitness in 2001, Levine moved from New York to South Florida, starting his real estate investment career.