Rivani Sells Wynwood Jungle for $26M

Robert Rivani just cashed in big time, selling his half-leased Wynwood Jungle retail plaza for $26 million — nearly double what he paid five years ago — to fuel his next big bet: a Miami Beach office building. Despite legal headaches, including unpaid rent from a ghost restaurant and a tenant disputing their square footage, the deal closed and Rivani even kept a piece of the property under contract for another $1 million. This move signals a strategic pivot: shedding smaller retail and hospitality assets to focus on major projects like the Lincoln Road mixed-use renovation, which just landed Playboy as a tenant — proving Rivani’s shift toward bigger, more established real estate plays. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3fbeda2e74853885