Real estate investor Moishe Mana has bought the single-story Wynwood building at 380 Northwest 26th Street that houses Pastis Miami for about $24.5 million, locking in one of the neighborhood’s buzziest restaurants while tightening his grip on a key restaurant row. The deal shifts control of a roughly 13,000-square-foot property into Mana’s portfolio and extends a months-long buying streak that is quietly reshaping who owns prime retail and dining blocks in Wynwood and downtown Miami.
Deal details and broker notes
According to The Real Deal, Mana paid roughly $1,850 per square foot for the building and ground lease after New York-based TriCap exercised an option to buy the lease from Yuan Yin Yen. Tony Arellano and Devlin Marinoff of Dwntwn Realty Advisors arranged what they described as a quiet, off‑market sale that still drew multiple bidders, Arellano told the outlet. "Moishe understood the value of acquiring a fully leased building," Arellano said.
Pastis and Wynwood's dining scene
Pastis, the Parisian-style brasserie from Keith McNally and Stephen Starr, opened its Wynwood outpost in 2023 and quickly turned into one of the neighborhood’s headline-grabbing anchors, as reported by Eater Miami. The Miami location mirrors hallmarks of the original New York restaurant and has helped lure more high-end dining concepts to Northwest 26th Street, further cementing the corridor as a go-to spot for destination restaurants.
Mana’s wider play in Miami
The Pastis property is the latest fully leased retail asset tucked into Mana’s growing holdings. In March he paid roughly $110 million for the One Downtown office tower, a move covered by Commercial Observer. Mana has spent years assembling parcels and refinancing properties in Wynwood and downtown as part of a long-term effort to reposition the area. Keeping marquee tenants like Pastis in place is seen by observers as a typical first chapter before larger redevelopment plans begin to take shape.
Zoning and redevelopment options
The site sits next to two parcels that already carry approvals for an eight-story mixed-use project and, per The Real Deal, Mana could pursue extra density through bonuses or under Florida’s Live Local Act. That could allow a building as tall as 27 stories if 40 percent of the units are reserved for workforce and affordable housing. This kind of flexibility helps explain why brokers prize properties that come with long-term restaurant or retail leases. Any serious redevelopment, however, would have to go through permits and community review before anything moves beyond the drawing board.
For now, the sale locks in a high-profile tenant and hands Mana another strategic piece of Wynwood’s restaurant corridor. Neighbors and investors will be watching to see whether the building remains a staple of the local dining scene or eventually becomes one component of a larger mixed-use project.
