Pebb Capital’s partnership has scooped up UNO South Pointe, one of the very few Class A office and retail buildings in Miami Beach’s ultra‑tight South of Fifth submarket. The new ownership group is wasting no time, with plans to convert roughly 10,000 square feet on the building’s roof into an ultra‑luxury penthouse office featuring 15‑foot ceilings, multiple outdoor terraces and panoramic 360‑degree views. Completed in 2002 and recently overhauled inside, the property now sits among the neighborhood’s only true premium office options.
Deal details and financing
The purchase was completed by a joint venture led by Pebb Capital, alongside Sabal Investment Holdings and affiliates of Paceline Equity Partners. ACORE Capital provided the acquisition financing, according to Florida YIMBY. Todd Rosenberg, Pebb’s co‑founder, described the asset as a strong fit for the firm’s strategy, and the group is betting that the location offers clear upside for a boutique office repositioning.
Building basics and public records
Public documents and building marketing materials place UNO South Pointe between Second and Third streets on Washington Avenue and list the structure at roughly 90,000 square feet, with a 2002 completion date and current ownership recorded as Yantra 119 LLC. City of Miami Beach records detail the folio and size, while UNO South Pointe highlights the planned penthouse office and the existing mix of office, retail and outdoor terraces. Leasing materials list Longstead Real Estate as the exclusive leasing broker for the penthouse space.
Why investors are betting on SoFi
The planned penthouse expansion is designed to introduce a new “trophy” office product to South of Fifth, a submarket with very limited fresh Class A supply and an outsize concentration of C‑suite activity, according to reporting on the renovation and expansion. CityBiz reported that the upgrade is a direct response to tenant demand for high‑finish, centrally located offices in the neighborhood.
Timeline and what’s next
UNO’s own marketing pitches the new penthouse office as a roughly 10,000‑square‑foot trophy space with delivery slated for early 2027, and shows formal marketing and leasing now underway through Longstead Real Estate, according to UNO South Pointe. Coverage of the sale notes that current property management and operations are expected to remain in place while the penthouse buildout and other planned enhancements move forward, per Florida YIMBY.
