The Pérez family’s Related Group and David Edelstein’s Tricap have sold the newly completed ground-floor retail space at the NoMad Hotel-branded condo development in Miami’s Wynwood for $33 million, according to property records. The buyer is Sunny Isles Beach, Fla.-based Optimar International Realty. The transaction matters because it converts a newly delivered, food-and-beverage-leased retail condo into a priced liquidity event, offering a data point on how institutional and private investors are valuing restaurant-anchored retail in one of Miami’s most closely watched submarkets.
The retail condo spans about 15,000 square feet at 2700 Northwest Second Avenue and is leased to a Casa Tua dining concept. Casa Tua Cucina, an Italian food hall, opened in April. Casa Tua was founded by husband-and-wife duo Miky and Leticia Grendene, and its portfolio includes another food hall at Brickell City Center and an upscale restaurant in Miami Beach. Related Group and Tricap provided $26 million in seller financing, meaning the buyer did not pay the full $33 million in cash at closing. The joint venture completed NoMad Residences this year after buying the 1-acre site for $26.5 million in 2021 and securing a $142 million construction package in 2024. The nine-story building, branded after the now-shuttered New York hotel, houses 329 condos; Hilton owns the NoMad brand.
The evidence comes from a single full-text report by Commercial Observer, a tier-one secondary source, citing property records and published on September 21, 2026. The report does not disclose the capitalization rate, price per square foot, lease term, rent, or buyer financing beyond the seller note. It also does not state whether the $33 million price includes closing costs, tenant improvements, or other adjustments. Representatives for Related Group, Tricap, and Optimar International Realty did not immediately respond to requests for comment, so the article relies on public records rather than buyer or seller statements.
The sale fits a pattern of retail condos and leased retail buildings trading in Wynwood. Three months earlier, New York-based TriCap sold the retail building leased to the popular Pastis French Bistro in Wynwood to Moishe Mana for $25 million, as reported by The Real Deal. In another retail deal, the owners of I Scream Gelato purchased their 1,325-square-foot parlor for about $3.7 million last year. Those transactions suggest that food-and-beverage credit, especially recognizable hospitality brands, is a key driver of retail pricing in Wynwood, even as the broader commercial real estate market faces higher financing costs.
The main limitation is that this is a single-source, single-transaction data point. The dossier does not include independent confirmation from a second outlet, buyer or seller commentary, or underlying lease documents. The seller financing component also complicates direct comparison with all-cash retail sales, because the $33 million headline price may reflect terms embedded in the $26 million note. What to watch next is whether Optimar International Realty acquires additional Wynwood retail assets, whether Casa Tua’s performance at NoMad Residences supports the valuation, and whether subsequent retail condo sales in the neighborhood price above or below this transaction.