RIVANI, a prominent real estate and hospitality firm, has successfully closed a significant $19.8 million sale of the waterfront restaurant space currently occupied by Amara at Paraiso in Edgewater, Miami. This landmark transaction highlights the continued strength and appeal of Miami’s vibrant hospitality market.
Key Takeaways
- RIVANI has finalized the sale of the Amara at Paraiso restaurant space for $19.8 million.
- The property is a two-story, 12,316-square-foot venue located at 3101 N.E. 7th Avenue in Edgewater.
- Amara at Paraiso, a restaurant by James Beard Award-winning chef Michael Schwartz, is the current tenant.
- RIVANI originally purchased the property in 2021 for $12.1 million.
A Prime Waterfront Asset
The sold property, completed in 2018, is a highly desirable two-story, 12,316-square-foot space situated at 3101 N.E. 7th Avenue in Miami’s sought-after Edgewater district. It is currently home to Amara at Paraiso, a celebrated Latin American restaurant led by James Beard Award-winning chef Michael Schwartz.
Robert Rivani, Founder of RIVANI, expressed his sentiment about the sale, stating, "As one of my first hospitality acquisitions in South Florida, this property set the tone for what was possible. The space is one of Miami’s most beautiful waterfront assets and will always hold deep meaning for me." He added that his focus is now on developing the next generation of lifestyle experiences.
The venue boasts an indoor-outdoor design with a main dining room and bar capable of seating 150 guests. It features floor-to-ceiling windows offering panoramic views of Biscayne Bay and an outdoor deck with seating for 70 directly on the water. Its strategic location provides excellent access to major Miami submarkets via key thoroughfares like Biscayne Boulevard and Interstate-195.
RIVANI’s Recent Successes
RIVANI acquired the property in 2021 for $12.1 million, marking a substantial return on investment with this recent sale. The transaction was facilitated by JLL Capital Markets Senior Managing Director Alex Sharrin, Director Jeffrey Cicurel, and Analyst Noel O’Donnell, who represented RIVANI.
This sale is part of RIVANI’s impressive track record in South Florida, where the company has accumulated over $250 million in prime assets. Their portfolio includes notable projects such as GAIA, the fully leased Wynwood Jungle, and a significant redevelopment of a ‘Class X’ office building. In 2025 alone, RIVANI has been involved in several high-profile deals, including securing Playboy’s global headquarters, acquiring the historic Lincoln Theatre for $37 million, selling Catch Miami Beach for $28.2 million, and completing a $38.25 million all-cash sale of restaurant spaces within SLS Lux Brickell and Dua Miami Hotel.