Black Lion and Massa Investment Group have acquired the former headquarters of Starwood Capital, with plans for a multi-million dollar transformation. With a purchase price of $82 million, this collaboration with Massa Investment Group represents Black Lion’s largest deal to date.

“Black Lion has a track record for transforming properties into prime assets by being creative and coloring outside of the lines. Our vision for this space is next level. We plan to deliver a one-of-a-kind hospitality office and retail experience that the area has never seen before,” touted Black Lion’s Robert Rivani. 

Located in the South Beach historic district, the property occupies a corner at 1601 Washington Avenue. Encompassing 140,000 square feet, the mixed-use development comprises ground-level retail spaces plus a 499-space parking garage. The 8-story building is adjacent to the Lincoln Road Mall.

The building has been primarily vacant since Starwood left in 2022.