{"id":334934,"date":"2026-07-09T21:47:24","date_gmt":"2026-07-09T21:47:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/334934\/"},"modified":"2026-07-09T21:47:24","modified_gmt":"2026-07-09T21:47:24","slug":"rivani-sells-wynwood-jungle-retail-building-in-miami-for-26m-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/334934\/","title":{"rendered":"Rivani Sells Wynwood Jungle Retail Building in Miami for $26M \u2013 Commercial Observer"},"content":{"rendered":"<p>Prominent real estate investor Robert <a href=\"https:\/\/commercialobserver.com\/company\/rivani\/\" title=\"Rivani\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Rivani<\/a> has sold the Wynwood Jungle retail building in Miami for $25.7 million, property records show.\u00a0<\/p>\n<p><a href=\"https:\/\/commercialobserver.com\/company\/tabani-group\/\" title=\"Tabani Group\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Tabani Group<\/a> purchased the 39,000-square-foot property between 75 and 43 Northwest 23rd Street, west of North Miami Avenue. The deal is equal to almost $660 per square foot.<\/p>\n<p>SEE ALSO: <a href=\"https:\/\/commercialobserver.com\/2026\/04\/sunday-summary-revved-up-for-power-finance\/\" rel=\"nofollow noopener\" target=\"_blank\">Sunday Summary: Revved Up for Power Finance<\/a><\/p>\n<p>Tenants on the ground floor include H\u00e4agen-Dazs and doughnut purveyor The Salty. Fabel, an upscale restaurant on the rooftop, recently shuttered. About half of the leasable space remains available, according to a <a target=\"_blank\" rel=\"noopener nofollow\" href=\"https:\/\/www.loopnet.com\/Listing\/43-75-NW-23rd-St-Miami-FL\/41014506\/\">listing<\/a>.\u00a0<\/p>\n<p><a href=\"https:\/\/commercialobserver.com\/company\/frost-bank\/\" title=\"Frost Bank\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Frost Bank<\/a> supplied a $15.7 million mortgage to the Dallas-based buyer, an investor specialized in retail and multifamily asset classes.\u00a0<\/p>\n<p>Rivani purchased the property for $13.3 million in 2021.\u00a0<\/p>\n<p>Under his ownership, Wynwood Jungle has been embroiled in two lawsuits. One involved a steakhouse from Goat Hospitality owner Derek Gonzalez that ultimately did not open. Rivani sued this year, alleging he is owed $9.1 million in back rent, Business Journals <a target=\"_blank\" rel=\"noopener nofollow\" href=\"https:\/\/www.bizjournals.com\/southflorida\/news\/2026\/01\/05\/robert-rivani-sues-derek-gonzalez-miami-restaurant.html\">reported<\/a>.\u00a0<\/p>\n<p>Restaurateur Brian Swanson sued, claiming the landlord provided only 6,158 square feet, instead of 7,751 square feet stipulated in the lease, The Real Deal <a target=\"_blank\" rel=\"noopener nofollow\" href=\"https:\/\/therealdeal.com\/miami\/2024\/05\/17\/tenant-rumble-at-robert-rivanis-wynwood-jungle-in-miami\/\">reported<\/a>. Rivani contended that the suit was a ploy to break the lease.<\/p>\n<p>The transaction represents the latest sale for Rivani, who has been offloading retail properties typically after signing leases with high-end restaurants. Last year, the investor sold the space housing Bad Bunny\u2019s Gekko in Brickell, and Amara at Paraiso in Edgewater and Catch in Miami Beach for $86 million.\u00a0<\/p>\n<p>Representatives for Tabani Group and Rivani did not immediately respond to a request for comment.\u00a0<\/p>\n<p>Julia Echikson can be reached at <a href=\"https:\/\/commercialobserver.com\/2026\/07\/rivani-wynwood-jungle-miami-tabani\/mailto:jechikson@commercialobserver.com\" rel=\"nofollow noopener\" target=\"_blank\">jechikson@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Prominent real estate investor Robert Rivani has sold the Wynwood Jungle retail building in Miami for $25.7 million,&hellip;\n","protected":false},"author":2,"featured_media":334935,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[138028,138029,8001,123,125,124,106973,138030],"class_list":["post-334934","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-43-northwest-23rd-street","tag-75-northwest-23rd-street","tag-channel","tag-miami","tag-miami-headlines","tag-miami-news","tag-robert-rivani","tag-wynwood-jungle"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/334934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=334934"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/334934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/334935"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=334934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=334934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=334934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}