CBRE Arranges Leases for BurgerFi and Sushi Sake at New Mixed-Use Development Altis Ludlam Trail in Miami

07 Jan 2022

Altis Ludlam

CBRE has arranged two new retail leases totaling 4,272 square feet at Altis Ludlam Trail, a new mixed-use development under construction at 7004 Bird Road in Miami. BurgerFi will occupy 2,111 square feet and Sushi Sake will occupy 2,161 square feet.

Danny Diaz and Patxi Diaz with CBRE represented the landlord, Altis Ludlam-Miami LLC, a partnership between The Altman Companies and Mattoni Group.

BurgerFi and Sushi Sake will be the only restaurants at the property, occupying the two end-cap spaces. Both retailers are expected to open in the second half of 2022.

“We have been involved in this community since the conceptual design and are happy to finally announce the coming of two crowd favorites, BurgerFi and Sushi Sake. The addition of these two well-known restaurant concepts as retail anchors to the development will help fuel the preleasing of the apartments above and be the catalyst for future retail developments in the surrounding area,” said Danny Diaz, a First Vice President with CBRE in Miami.

Developed by The Altman Companies, Altis Ludlam Trail will feature 312 rental multifamily units alongside 7,807 square feet of retail space at the corner of Ludlam Trail and SW 40th Street. The community is within walking distance of the Bird Road Art District.

“Located directly adjacent to the much-anticipated Ludlam Trail, we have no doubt that both these concepts will thrive at this location considering all of the new development and growth that is occurring in the immediate vicinity,” added Patxi Diaz, a Vice President with CBRE in Miami.


About The Altman Companies
Since 1968, The Altman Companies has developed, constructed, acquired, and managed over 26,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas, and North Carolina. The company has distinguished itself by creating boutique mid-rise and garden-style communities under its Altís brand with resort-style amenities and high-touch services, delivering with it ‘Exceptional Living Experiences’ for its residents. Since 2017, The Altman Companies has opened eleven new apartment communities with six in South Florida including Altís Bonterra, Altís Boca Raton, Altís Pembroke Gardens, Altís Miramar, Altra Miramar and Altís Little Havana; and five in Central Florida - Altís Shingle Creek in Kissimmee, Altís Wiregrass Ranch in Wesley Chapel, Altís Promenade in Lutz, Altís Grand Central in Tampa and Altís Grand at The Preserve in Odessa. Today, The Altman Companies has a number of communities under construction or in the pipeline throughout Florida, including Altís Grand at Lake Willis in Orlando, Altís Grand at Suncoast and Altís Wiregrass Square in Northwest Tampa, Altís Santa Barbara in Naples, Altís Blue Lake in Lake Worth and two in Miami metro area - Altís Ludlam Trail and Altís Kendall Baptist. The company has opened an Atlanta office with plans for developments in Georgia, North Carolina, South Carolina, and Tennessee. Known for its development of exceptional apartment living, The Altman Companies has been a leader in the rental apartment field and has been recognized as the South Florida Developer of the Year by South Florida Business Journal. For more information on The Altman Companies, go to www.AltmanCos.com.

About Mattoni
Founded in 2008, Mattoni Group is a private equity real estate investment firm that specializes in placing equity and debt with experienced operating and development partners working on transformative projects. The Firm has built a reputation for transparency, reliability, flexibility and velocity in acquiring and financing real estate assets. Mattoni Group exists to provide investor capital access to best-in-class managers/operators. We leverage our network, relationships and creativity to produce amazing spaces for people to live better lives. Mattoni Group is focused on adding value to its acquisitions through operational improvements and optimized capital structures.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.