River Oaks Properties Expands in Miami With $28.2m Continuum Purchase
River Oaks Properties, a prominent real estate developer based in El Paso, Texas, has added another jewel to its portfolio with the $28.2 million acquisition of 200 South Pointe Drive in Miami Beach’s exclusive South of Fifth neighborhood. This high-profile deal marks River Oaks’ second trophy acquisition in South Florida, further cementing its strategic expansion into one of the nation’s most lucrative real estate markets.
Situated within The Continuum, a luxury residential enclave, the property is home to the iconic CATCH restaurant, renowned for its blend of seafood, sushi, and steak served in a chic, garden-inspired rooftop setting. CATCH is operated by Catch Hospitality Group, whose vibrant venues have become synonymous with upscale dining in cities like New York, Los Angeles, and Las Vegas. With a 100% lease occupancy and a guaranty from Landry’s Co., owned by billionaire Tilman Fertitta, the property epitomizes stability and prestige.
“We are very proud to be the new owners of such a trophy asset and look forward to a long-term relationship with the neighborhood and tenant,” said Adam Frank, President of River Oaks Properties.
This acquisition builds on River Oaks’ 2022 foray into South Florida with the purchase of Shop Delray, a boutique shopping center in Delray Beach anchored by Joseph’s Classic Market. “CATCH is a great add-on to our existing presence in South Florida, and we are eager to continue our strategic investment into one of the most highly sought-after real estate markets in the world,” Frank added.
Strategic Vision for Growth
Founded in 1959, River Oaks Properties manages over 6 million square feet of retail space across 190+ locations. The company’s focus on acquiring assets in high-traffic, affluent areas aligns with its mission to cater to top-tier tenants.
“Acquisitions like CATCH represent the future of River Oaks Properties, and we are excited to continue making strategic investments as we expand our portfolio,” Frank noted.
A Stellar Team of Advisors
The deal closed on January 13, 2025, with Pegasus Investments representing River Oaks Properties. Black Lion’s Robert Rivani, the seller of the property, was represented by JLL’s Alex Sharrin.
The South of Fifth neighborhood, already home to iconic establishments like Joe’s Stone Crab and Carbone, is poised for further evolution with the impending redevelopment of Nikki Beach. River Oaks’ acquisition of the CATCH building ensures its presence in one of Miami Beach’s most dynamic districts.
As River Oaks sets its sights on additional opportunities in South Florida, this acquisition reflects the company’s commitment to investing in world-class properties that define luxury and exclusivity.