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CLIENT NEWS: Comras buys Lincoln Road retail portfolio for $140M, plans redevelopment

November 20, 2025

Michael Comras is planning a major renovation of a Lincoln Road portfolio his namesake firm acquired for $140 million. Comras declined to confirm the purchase price, which was provided to The Real Deal by a source familiar with the transaction. Miami Beach-based Comras Company bought 11 storefronts at 600, 719–737, 741, 801–821 Lincoln Road and 723 North Lincoln Lane, a press release states. The firm financed the purchase with a $117 million loan from San Francisco-based Acore Capital. The seller,[...]

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The Standard in Miami Beach to undergo major renovation, will demolish east wing

March 27, 2018

New construction to include 76 parking spaces, spa and hotel rooms on upper floors UPDATED May 4, 11:55 a.m.: Less than two months after André Balazs stepped down as chair of the Standard Hotels brand, the company is moving forward with a major renovation of its Miami Beach location. Standard International, through its holding company Ferrardo Lido LLC, submitted an application to the Miami Beach Design Review Board seeking to demolish the east wing of its MiMo-style property at 40 Island Avenue, formerly[...]

Time Out Market gets narrow vote of approval from Miami Beach Historic Preservation Board

March 23, 2018

Board divided over impact of proposed gourmet food hall to the neighborhood After more than two hours of contentious debate, the Miami Beach Historic Preservation Board on Monday allowed the developer to apply for permits for the proposed Time Out Market at 1601 Drexel Avenue, on the ground floor of a parking garage, just around the corner from Lincoln Road. Earlier this month the city’s planning board approved a conditional use permit for the site, but their approval was based on limiting[...]

Sherry Frontenac in North Beach scores historic preservation board approval

March 20, 2018

Owner plans to raise and redevelop pool deck, add underground parking and rooftop The Sherry Frontenac, a post-war modern hotel in Miami Beach, is getting a poolside makeover. On Monday, the Miami Beach Historic Preservation Board approved a request allowing the hotel owner to build a new deck with a concrete canopy, underground parking and a rooftop dining area for the property at 6565 Collins Avenue in North Beach. S.F. Land LLC can now demolish the existing pool deck and cabanas, as[...]

Historic preservation board approves land use attorney’s luxe home in Miami Beach

March 13, 2018

Stephen and Gerri Helfman propose three-story home with terraces and rooftop pool UPDATED March 13, 2:15 p.m.: Despite objections from a prominent historic preservation group, a Miami land use attorney and his wife will be allowed to tear down a 1920s three-bedroom house and replace it with a three-story modern mansion in Miami Beach’s South-of-Fifth neighborhood. The Miami Beach Historic Preservation Board on Monday voted unanimously to authorize the demolition of the existing property at 819 Second Street, which was condemned by the[...]

Self-storage developer scores $83M loan for SoFla portfolio

March 7, 2018

Self storage facilities are in Brickell, Coconut Grove, Doral and Pembroke Pines Self-storage developer Miami City Self-Storage just scored $83.3 million in financing for a portfolio of self-storage facilities spread throughout South Florida. New York-based real estate investment trust, Jernigan Capital Inc. is the lender, according to a release. The portfolio consists of three self-storage facilities in Brickell, Coconut Grove and the Airport West-Doral submarket. The portfolio also includes two additional facilities under construction in Pembroke Pines and Doral. —[...]