Negroni, the buzzy bistro that finally opened in Brickell in September 2025 after years of delays, has quietly slipped into Chapter 11 this week. The move covers both its Brickell and Doral outposts and is aimed at reorganizing pandemic era debts tied to merchant cash advance financing. Management says both restaurants will stay open while a reorganization plan is put together, and the company’s attorney told reporters the group is hoping to emerge from bankruptcy in the fall.
Bankruptcy filings and case details
The voluntary Chapter 11 petitions for Negroni Brickell LLC and Negroni Doral LLC were filed July 1 in the U.S. Bankruptcy Court for the Southern District of Florida. The filings list assets and liabilities in the 1 million to 10 million dollar range and set a proof of claim deadline of Sept. 9, according to BKAlerts. The docket shows the cases have been assigned to Judge Robert A. Mark, with a Subchapter V status conference scheduled for Aug. 19.
Why the company says it filed
According to the company and to court documents, the filings are designed to give Negroni breathing room to restructure debt taken on after the pandemic, particularly merchant cash advances, and to stabilize operations while a plan is prepared, as reported by the South Florida Business Journal. The restaurant’s attorney told reporters the team expects to file a reorganization plan within two to three months and is aiming to exit bankruptcy in the fall. The petitions cover only the Brickell and Doral locations; other South Florida Negroni units are not included in these cases.
Landlords and claims
Media reports indicate that CitizenM Miami Brickell is listed as the largest unsecured creditor for the Brickell entity, with a claim of roughly 274,000 dollars, while Codina Partners is listed at about 57,000 dollars for the Doral location, according to The Real Deal. Bankruptcy documents also identify several equity holders tied to founder and CEO Pablo Sartori and confirm that the restaurants are continuing to operate while the restructuring plays out.
Brickell market pressure
Brickell remains one of Miami’s priciest retail corridors, with upper tier retail rents commonly in the 100 to 200 dollar per square foot range, a setup that can squeeze margins for newer dining concepts, according to Cushman & Wakefield. That pressure has helped fuel steady churn in the neighborhood’s restaurant scene, including a casual Italian spot that closed after roughly six months.
Legal timeline and next steps
Court entries show the debtor has been authorized to operate as a debtor in possession while the case moves forward, and a meeting of creditors has been set for July 30. The docket also sets a claims bar date of Sept. 9, according to BKAlerts. The restaurant’s lawyers say they plan to file a reorganization proposal in the coming months, with the goal of exiting bankruptcy before South Florida’s peak hospitality season in the fall.
For diners, the short term impact is limited. Both Negroni locations covered in the filings remain open for service while the company negotiates with landlords and creditors. Any formal reorganization plan, or aggressive moves from landlords in Brickell or Doral, will be the next signs of how rough this ride might get.
