Black Lion President Purchases Ritz Carlton Penthouse

Real Estate investment and development mogul Robert Rivani of Black Lion just purchased a penthouse unit at the Ritz Carlton Residences in Miami Beach.

4701 Meridian Ave, Miami Beach LPH02 sold for $7.5 million.

Dina Goldentayer with Douglas Elliman represented Rivani in the transaction. He plans to use the unit as an investment property – for personal use and renting purposes in the future. Per public record, the seller is Ask Florida LLC represented by Philip Freedman with Douglas Elliman.

The 4,250-square-foot penthouse is one of the largest in the building with four bedrooms and four-and-a-half bathrooms.

Founded in 2014, commercial real estate investment company Black Lion has transacted more than $500 million in deals across the United States. Led by President Robert Rivani, the company has transformed properties across the country into thriving retail, entertainment and hospitality destinations, with a portfolio including restaurants, nightlife venues and retail power centers. Black Lion presently focuses on hospitality ventures, as South Florida’s social scene continues to expand. The company’s recently announced projects include Brickell Bay Boardwalk, Wynwood Jungle, Amara at Paraiso in Edgewater, new venues at Marea South Beach, a yet-to-be-named restaurant concept on the ground level of the SLS LUX in Brickell, and another exciting restaurant concept at Continuum on South Beach.

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