Butler Purchases Lincoln Road Property for Noble 33 Restaurant
Miami Beach investor Aaron Butler acquired a $8.4 million Lincoln Road site where Noble 33 plans to open Mēdüzā Mediterranïa restaurant. The quarter-acre lot will feature a two-story building with rooftop terrace designed by Touzet Studio.
Real estate broker Aaron Butler has acquired a prime Lincoln Road site for $8.4 million, setting the stage for hospitality group Noble 33 to launch its Mēdüzā Mediterranïa restaurant concept on Miami Beach's iconic pedestrian promenade.
The Miami Beach-based commercial property firm Avenue Real Estate Partners, led by Butler, purchased the quarter-acre vacant lot at 500 Lincoln Road from Miami Beach Community Church. The deal included $7.5 million in seller financing, with the church maintaining its operations at the adjacent 20,800-square-foot building on Drexel Avenue.
Development plans call for a two-story, 20,000-square-foot building featuring a rooftop terrace, designed by Miami-based Touzet Studio Architecture & Interior Design. Noble 33 will lease the second level and rooftop space for its Mediterranean restaurant concept, while a retail tenant will occupy the ground floor. Todd Tragash of STA Architectural Group serves as the project's architect of record.
Construction is scheduled to begin this summer, according to Butler's announcement. The purchasing structure involves 500 Lincoln Road Property Holding, which connects to Lincoln Rd Partners LLC. Corporate records show the entity includes Butler alongside Noble 33 co-founder and CEO Michael Tanha, plus Nashville and Los Angeles attorney Jason Brooks, who handled the transaction's legal aspects.
Noble 33 operates restaurants including Casa Madera, Toca Madera, Sparrow Italia, 1587 Prime, and Mēdüzā Mediterranïa across multiple U.S. markets and London. The hospitality group, founded by Tanha and chairman Tosh Berman, maintains a presence in Miami's Wynwood district with Sparrow Italia, though Casa Madera closed after a brief run during Art Basel week 2024. Plans for a Toca Madera location in Brickell are reportedly underway.
The Lincoln Road investment reflects broader confidence in the pedestrian mall's revival after challenging years marked by high rents, pandemic impacts, and competition from emerging Miami dining districts. Butler expressed optimism about recent leasing activity and investment momentum indicating a "renaissance" for the historic promenade.
This confidence appears shared by other major players making Lincoln Road commitments. Japanese retailer Uniqlo has secured space along the corridor, while Miami Beach's Comras Company, under Michael Comras' leadership, invested $140 million in November to acquire 11 storefronts for extensive renovations.
The Noble 33 restaurant addition represents another step in Lincoln Road's evolution as investors and operators work to restore the destination's appeal to both locals and tourists visiting South Beach.
