Mango’s owner lists South Beach assemblage

Mango's listed for sale
The properties listed in SoBe, including Mango’s SoBe location (CBRE, Mango’s via Facebook)

An assemblage of South Beach properties, including the home of Mango’s Tropical Cafe on Ocean Drive, hit the market unpriced.

The properties include 900 Ocean Drive and 909, 919, and 929 Collins Avenue in the Art Deco Historic District, according to the listing. David Wigoda and Lee Ann Korst of CBRE have the listing. The assemblage spans just under 1 acre.

David Wallack, the longtime operator of Mango’s, owns the 20,000-square foot building on Ocean Drive, constructed in 1952. The Wallack family has owned the building for more than 60 years. Mango’s opened about 30 years ago.

Wallack and his son, Josh, have secured an option for the three Collins Avenue properties and now seek proposals to buy and redevelop the entire assemblage.

So far developers from across the world have expressed interest, Wallack said. He believes that local business owners and local political leaders are ready for a new development in the area. But it may take time.


Read the full story: www.therealdeal.com 

Zulma Torres

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