The Pérez family's Related Group sold the ground-floor retail condo at its NoMad Residences tower in Wynwood to a Sunny Isles Beach-based entity linked to Optimar International Realty for $33 million on September 18, 2026, in one of the neighborhood's largest street-level commercial transactions to date.

What exactly was sold and who bought it?

Related Group transferred a 15,000-square-foot retail condominium unit housing Casa Tua Cucina — a ground-floor restaurant and food-hall concept at the NoMad Residences Wynwood development — to a limited liability company (LLC) headquartered in Sunny Isles Beach and led by Optimar International Realty principals Hernan Gleizer and Fernando Alpern. The sale closed September 18, 2026, at a price of approximately $2,600 per square foot.

  • Casa Tua Cucina occupies the full 15,000-square-foot ground-floor retail footprint of NoMad Residences Wynwood.
  • Buyer entity is based in Sunny Isles Beach and is directly linked to the principals of Optimar International Realty.
  • Named principals of the acquiring LLC are Hernan Gleizer and Fernando Alpern.

How was the $33 million acquisition financed?

Related Group itself provided the majority of the financing, carrying a $26 million seller mortgage on behalf of the Optimar-linked buyer. The seller-carried note means Related Group extended credit directly to the purchasing entity rather than requiring the buyer to secure third-party bank financing, a structure that can accelerate closing and signal seller confidence in the asset's long-term value.

  • Seller-carried mortgage amount: $26 million, sourced directly from Related Group.
  • Equity contribution by the buyer: approximately $7 million, representing the gap between purchase price and financed amount.
  • No third-party lender is identified in connection with the transaction.

What does this sale signal about Wynwood's retail market?

The $2,600-per-square-foot price achieved in this transaction reflects intensifying investor appetite for premium, street-level commercial space in Wynwood as the neighborhood transitions from an arts-district destination into a full-service mixed-use urban corridor. Demand for ground-floor retail anchored by established food-and-beverage operators has driven pricing in Wynwood sharply higher over the past several years, and a deal at this price point for a single retail condo sets a notable benchmark.

  • Wynwood has attracted a wave of mixed-use residential and commercial development, increasing foot traffic and retail rents.
  • Ground-floor food-and-beverage tenants such as Casa Tua Cucina are widely regarded as traffic drivers that enhance the value of surrounding retail and residential units.
  • The seller-financing structure may reflect a broader trend of developers retaining income-producing exposure to assets they sell, while unlocking balance-sheet liquidity.

Who are the key players behind this deal?

Related Group, founded and led by Jorge Pérez and his family, is one of South Florida's most prolific luxury residential and mixed-use developers, and NoMad Residences Wynwood represents one of its signature recent projects in the neighborhood. On the buying side, Optimar International Realty is a Sunny Isles Beach-based real estate firm whose principals, Hernan Gleizer and Fernando Alpern, structured the acquisition through the LLC vehicle.

  • Related Group is headquartered in Miami and has developed dozens of residential towers across South Florida and internationally.
  • Optimar International Realty operates primarily in the South Florida luxury and commercial real estate markets.

Original reporting on this transaction was published by The Real Deal Miami.