Ketchy Shuby, a New York-based restaurant and nightlife venue, will open its first location outside of New York in downtown West Palm Beach. The establishment has leased 13,100 square feet at 114 South Olive Avenue, according to a statement from the landlord’s broker. The restaurant is a concept by Jamie Mulholland, known for his work in hospitality and entertainment.
Bastian Schauer and Mark Rubin from Colliers represented the landlord in the transaction. Mitch Heifetz of Newmark acted on behalf of the tenant, an LLC led by Mulholland. Ketchy Shuby is scheduled to open in the fall of next year.
The building at 114 South Olive Avenue is owned by an entity managed by Robert J. Trainor Jr., Vicki L. Trainor, and Kevin Killerman. It was originally built in 1923 and underwent renovations in 2016.
Simpro Group, an Australian company that uses artificial intelligence to assist contractors working on commercial and residential properties, will establish its North America headquarters in downtown Miami. The company has signed a lease for nearly 4,800 square feet on the 26th floor at One Downtown office tower located at 1 Southeast Third Avenue. Simpro expects its first employees to move into the new space in February.
Tony Jones from Cushman & Wakefield represented Simpro Group as tenant, while Cristina Glaria and Harrison Mischel from Tower Commercial Real Estate represented the landlord. Simpro currently operates U.S. offices in Broomfield, Colorado, and Red Bank, New Jersey. This year, Fred Voccola became CEO of Simpro; he previously served as CEO of Miami-based Kaseya.
According to the company’s statement: “His goal is to scale Simpro’s Miami employment to more than 500 staff members.” Simpro provides AI-driven software solutions for contractors such as plumbers, electricians, HVAC technicians and fire safety professionals.
As part of its agreement with the building owner, Simpro will display its signage at One Downtown. PCCP acquired this property—formerly known as SunTrust International Center—for $127 million in 2018.
The lease aligns with efforts by Miami officials over several years to promote the city as a technology hub. Although there has been significant attention around branding Miami as “Silicon Valley South,” recent data indicates that technology companies still account for only a small portion of local office leasing activity.
In another deal, the University of Miami (UM) signed a lease for 42,000 square feet at Building 1300 within Flagler Station business park at 9675 Northwest 117th Avenue in unincorporated Miami-Dade County. UM plans to use this space for health care system offices set to open during next year’s second quarter.
Hamilton Development—a Nashville-based firm led by Whitfield Hamilton—purchased Building 1300 for $20.8 million earlier this year and also acquired two nearby office buildings through deed-in-lieu of foreclosure transactions after Bridge Investment faced foreclosure proceedings on those assets. While Hamilton Development intends to convert two neighboring properties into warehouses, it will retain Building 1300 where UM is leasing space.
CDM Windows & Doors will relocate within Doral into a larger industrial facility after signing a lease for all 40,800 square feet at 10405 Northwest 19th Street beginning in February. The move expands CDM’s operations from their previous approximately 27,000-square-foot site elsewhere in Doral; Michael Hinton from Lee & Associates represented the landlord.
The property was completed last year by Emre Tuna through an affiliated entity on a site covering about 2.3 acres.
Additionally, Tortilla Madre—a Mexican restaurant—has opened at Brickell’s Millecento condo tower after leasing a commercial unit measuring just under one thousand square feet at Paseo Brickell retail center (28 Southwest 11th Street). Sebastian and Fabio Faerman from FA Commercial handled representation for both sides of that deal; ownership of Millecento’s retail spaces belongs to Latin American investors.
