“Lincoln Road is the hottest retail street in all of Miami and is among the busiest corridors in the world”.

Lincoln Road couldn’t be hotter in terms of property ownership. For those of us that are used to the morning through evening hustle and bustle, Monday to Sunday, going crazy on weekends and holidays, expansion isn’t something that comes immediately to mind. But to certain investors, expansion is very much on their minds. And they’re practicing what they believe in. Expansion.

Most Recent expansion663 665 667 Lincoln Rd

Recently, a New York real estate investment fund expanded its presence by purchasing three storefronts on the prime retail street. It closed on the purchase of 663, 665 and 667 Lincoln Road totaling 5,000 sq. ft. of retail space. Tenants include Pizza Rustica, So Good Collections and 16 handles.

Investing in the future

Smart investors are looking towards future opportunities to attract businesses looking to enter the market. The Lincoln Road market has recently seen an influx of international retailers like H&M, Forever 21 and Lacoste.

Knowledge is power

Joe Sitt, Chairman-CEO of Thor Equities was one of the first institutional investors to see Lincoln Road’s potential when he started buying property more than five years ago. At the time Sitt says other institutional investors “laughed” because they thought the market was too much of a party town.

Lincoln Road is hot

“Lincoln Road is the hottest retail street in all of Miami and is among the busiest corridors in the world”, says Sitt.

* Source: Elaine Walker – ewalker@miamiherald.com – The Miami Herald

For details and further information on the Lincoln Road market contact us or call us at 305 244-4333/305 609-5095

Leave a Reply