A significant mixed-use acquisition in Miami highlights continued investor interest in urban retail-anchored product. A joint venture between DeMartini Interests and Trez Forman has purchased the 72,500-square-foot Design 41 mixed-use property in Miami’s Upper Eastside for $72.5 million. The asset combines ground-floor retail with residential units above, offering visibility and connectivity in a dense, transit-oriented submarket
By Raina Schofield, Brandmarch1 min read
For retail brokers, this transaction underscores how retail presence integrated with residential density remains a compelling value proposition for capital — particularly in markets where walkability and lifestyle amenities drive leasing velocity.
https://rebusinessonline.com/joint-venture-acquires-design-41-mixed-use-building-in-miami-for-72-5m/
![Joint Venture Acquires Design 41 Mixed-Use Building in Miami for $72.5M]({"url":"https://rebusinessonline.com/joint-venture-acquires-design-41-mixed-use-building-in-miami-for-72-5m/","title":"Joint Venture Acquires Design 41 Mixed-Use Building in Miami for $72.5M","description":"MIAMI — A joint venture between Pebb Capital, Wharton Properties, Lane Capital Partners and Sabal Investment Holdings has purchased Design 41, a seven-story mixed-use building located at 112 N.E. 41st St. in Miami’s Design District. The partnership purchased the property from the privately held Norton family for $72.5 million. Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors brokered the deal, and 26North provided an undisclosed amount of acquisition financing. Design 41 comprises 40,000 square feet of Class A offices leased to financial firms, family offices, Foster + Partners and Bosch Appliances, which uses upper-level offices for its showroom. The property also features 10,000 square feet of ground-floor retail and showroom space leased to Missoni, Bond No. 9 and Breitling, as well as a 64-space parking garage and open-air terraces. Design 41 was fully leased at the time of sale.","image":"http://rebusinessonline.com/wp-content/uploads/2026/01/Design-41_Miami.jpg","favicon":""})
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Sources: Joint Venture Acquires Design 41 Mixed-Use Building in Miami for $72.5M