Totaling 1.38 acres on the block running up to the iconic Lincoln Road, the portfolio includes 1.21 acres or 52,500 square feet of contiguous developable lots with an existing 55,516-square-foot mixed-use/retail structure along Alton Road and an additional 0.17-acre or 7,500-square-foot parking lot on the West Avenue side.
The 1,758-square-foot eatery is scheduled to debut in spring 2022.
With a reputation of being a national retail specialist, Will Crowden joins SRS with 21 years of experience representing both established and emerging brands in their national, regional, and new market roll-out plans.
More than 150,000 square feet of retail space at Miami Worldcenter has already been completed, with another 130,000 square feet currently under construction and nearing delivery.
The site includes an existing 3,224-square-foot retail building and is zoned for development of up to 20 stories.
In the last 30 days, six tenants have opened their doors at the centre, occupying 16,742 square feet of retail space.
The brokerage plans to open two offices in South Florida and two others in Tampa and Orlando.
The transaction was brokered by Jordan Gimelstein and David Spitz of Koniver Stern Group.
Drew A. Kristol and Kirk D. Olson, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, an affiliate of Lombardi Properties and Bayshore Investment Partners.
The project will comprise 250,000 square feet of retail and 578 affordable senior housing units. Retail tenants Include Target, Aldi, Ross, Five Below and more.
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