Perricone’s Restaurant Site in Brickell Sells for Over $16M

Perricone's Marketplace & Cafe in BrickellNestled in the heart of Brickell, Perricone’s Marketplace & Café has provided legendary italian cuisine and a unique dining experience for over two decades. The popular restaurant in Brickell located at 15 SE 10th Street has been sold for $16.18 million, according to the South Florida Business Journal. Proprietor Steven Perricone originally leased the land from Allen Morris Company in 1994 and eventually purchased it on August 1, 1997 for $725,000. CitizenM Hotels purchased the site with plans to redevelop the site in the future.

This might come as a shock to those who enjoy visiting the restaurant on a regular basis, but they should not worry for now. Part of the agreement was a five year lease for the restaurant to stay in place at the same location with the possibility of being included in the new development. Those who are familiar with the Brickell area might also remember another restaurant location across the street that is getting redeveloped – that’s right, Brickell Flatiron is currently under construction where Brickell’s BARÚ Urbano restaurant used to be located. Ugo Colombo payed $21 million for the site back in 2013.

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