Paseo pipeline: Comras, Kanavos’ Lincoln Road vision hinges on walkability
The developers of two projects at opposite ends of Lincoln Road are betting they can kickstart a major revival for the iconic Miami Beach retail corridor. What was once the city’s most coveted pedestrian strip peaked almost 10 years ago with rents at $300 per square foot, leading to the exit or downsizing of national retailers and upscale restaurants. The corridor spent the better part of this decade trying to recover its footing, as the pandemic exacerbated challenges of high rents and changing consumer tastes. The two developers — Michael Comras’ Comras Company and Flag Luxury Group, where Peter Kanavos […]This article originally appeared on The Real Deal. Click here to read the full story.
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