{"id":234279,"date":"2026-04-16T14:19:08","date_gmt":"2026-04-16T14:19:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/234279\/"},"modified":"2026-04-16T14:19:08","modified_gmt":"2026-04-16T14:19:08","slug":"aaron-butler-buys-lincoln-road-miami-beach-site-for-8-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/234279\/","title":{"rendered":"Aaron Butler Buys Lincoln Road Miami Beach Site for $8 Million"},"content":{"rendered":"

Real estate broker and investor Aaron Butler bought a vacant Lincoln Road<\/a> site, with plans for a new building where hospitality group Noble 33 is expected to open its M\u0113d\u00fcz\u0101 Mediterran\u00efa restaurant. <\/p>\n

Butler, who heads Miami Beach-based commercial property firm Avenue Real Estate Partners, paid $8.4 million for the quarter-acre lot at 500 Lincoln Road, which has approvals for the development of a two-story, 20,000-square-foot project with a rooftop terrace, designed by Miami-based Touzet Studio Architecture & Interior Design, according to Butler\u2019s news release. <\/p>\n

Butler, through his purchasing affiliate, borrowed $7.5 million in seller financing, according to records and real estate database Vizzda. The seller is the Miami Beach Community Church, which is housed in its two-story, 20,800-square-foot building at 1620 Drexel Avenue, adjacent to Butler\u2019s land. <\/p>\n

The purchasing entity, 500 Lincoln Road Property Holding, is affiliated with another limited liability company, Lincoln Rd Partners, which lists as its authorized representatives Butler, as well as Noble 33 co-founder and CEO Michael Tanha, and Nashville and Los Angeles-based attorney Jason Brooks, according to county and state corporate records. <\/p>\n

Butler said that he is the buyer and Noble 33 will lease the second level and rooftop at the planned building for M\u0113d\u00fcz\u0101 Mediterran\u00efa. Brooks is an attorney who worked on the purchase deal, according to Butler. A retailer will lease the ground floor, he said. <\/p>\n

Construction is expected to start this summer, according to Butler\u2019s news release. Todd Tragash of STA Architectural Group is the project\u2019s architect of record. <\/p>\n

Led by Tanha and co-founder and chairman Tosh Berman, Noble 33\u2019s restaurants include Casa Madera, Toca Madera, Sparrow Italia, 1587 Prime and M\u0113d\u00fcz\u0101 Mediterran\u00efa with outposts across the U.S. and London.<\/p>\n

Although Mexican restaurant Casa Madera opened in Miami\u2019s Wynwood Arts District during Art Basel<\/a> week in 2024, it closed abruptly last summer. Noble 33\u2019s Sparrow Italia is a hotspot in Wynwood, and a Toca Madera outpost in Brickell reportedly is in the works.\u00a0\u00a0<\/p>\n

In January, Berman, Tanha and Noble 33-related entities were sued in federal court in Arizona by investors who claim they put more than $2 million into the hospitality group but their funds were misappropriated toward payments for luxury cars, real estate and flights for OnlyFans models to restaurant openings, the Miami New Times reported<\/a>.\u00a0<\/p>\n

An attorney for the defendants called the lawsuit claims \u201cridiculous,\u201d in a statement to the publication, adding they were levied by \u201ca single small investor.\u201d\u00a0<\/p>\n

The Lincoln Road<\/a> purchase comes as a group of brokers and investors are banking on a comeback for Miami Beach\u2019s pedestrian promenade, which fell on harder times in the past half-decade, falling victim to its elevated rents, the pandemic and the rise of competing dining and entertainment districts in Miami. <\/p>\n

Butler is among those banking on Lincoln Road, saying recent leasing and investment momentum shows a \u201crenaissance is underway.\u201d<\/p>\n

Japanese casual apparel retailer and design company Uniqlo<\/a> has leased space on Lincoln Road, while Miami Beach-based Comras Company, led by Michael Comras, paid $140 million<\/a> in November for 11 storefronts, with plans for a major renovation.\u00a0<\/p>\n

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\t\t\t\t\t\t\t\t\t\t\t\t\t\"Office\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Sunset Harbour\u2019s Office Depot site trades for $29M\u00a0<\/p>\n

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\t\t\t\t\t\t\t\t\t\t\t\t\t\"Comras\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tDevelopment\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

The Weekly Dirt: Is it time for Lincoln Road\u2019s next act?<\/p>\n

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