Robert Rivani doubles down on Lincoln Road with $37M retail purchase
Robert Rivani is doubling down on Miami Beach’s Lincoln Road, acquiring a former theater now anchored by fashion retailer H&M for $37 million. An affiliate of Miami-based Rivani, formerly called Black Lion, bought Lincoln Theatre, a historic Art Deco building at 551 Lincoln Road, a press release states. JLL’s Danny Finkle and Evan Lahr brokered the deal. The seller, an affiliate of Miami Beach-based Savitar Realty Advisors, led by Clifford Stein, paid $21.5 million for the building in 2010, records show. H&M signed a 35,240-square-foot lease at Lincoln Theatre in 2012, a year after the New World Symphony moved into […]This article originally appeared on The Real Deal. Click here to read the full story.
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