Nov 19 2025
The property asset involved is a retail space located at 1601 Drexel Avenue, situated in Miami Beach, encompassing a total area of 20,877 square feet. This location previously housed the Time Out Market and is now leased by City Food Hall, which is expanding its culinary presence in Florida.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 1601 Drexel Avenue
- Market: Miami Beach
- Square Footage: 20,877
- Tenant: Peter Rounce – City Food Hall
- Landlord’s Representative: Dillon Maya – Avenue Real Estate Partners
- Tenant’s Representative: Irma Figueroa – The Comras Company
The transaction marks a significant step for City Food Hall, with plans to open the new food hall in summer 2026. Irma Figueroa, representing the tenant, and Dillon Maya, representing the landlord, facilitated this lease agreement, which highlights the ongoing interest in the retail market of Miami Beach.
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