The Weekly Dirt: Is it time for Lincoln Road’s next act?
A familiar face made a big move last week with the $140 million purchase of 11 storefronts on Miami Beach’s Lincoln Road. Michael Comras’ Comras Company plans to redevelop the properties into a 150,000-square-foot boutique shopping district called NoLi — short for North Lincoln Road. In 2015, the retail developer and broker sold 1001-1035 Lincoln Road for $370 million. The buyer was Pontegadea, the family office of Spanish billionaire Amancio Ortega. Now Comras is back in a big way. He has scooped up nearly a dozen storefronts, mostly along the 700 and 800 blocks of Lincoln Road. Current tenants include […]This article originally appeared on The Real Deal. Click here to read the full story.
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