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CLIENT NEWS: Lincoln Road landlords and brokers stage a comeback

November 18, 2025

Scott Sherman still remembers when landlords could get top dollar asking rents for retail and restaurant spaces on Lincoln Road, the outdoor pedestrian mall in Miami Beach. “Eight years ago, rents got ridiculous,” Sherman, who leads Miami-based Torose Equities, told The Real Deal. “They went from $150 to $300-plus a foot. Restaurants fled, national brands downsized and the street lost its energy.” Sherman, who was among the landlords steering the Lincoln Road Business Improvement District in the 2010s, returned to[...]

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CLIENT NEWS: Public-private team speeds Lincoln Road east end renewal

September 26, 2025

Improvements to Miami Beach Lincoln Road’s 100, 200 and 300 blocks are nearer on the horizon as a private-public partnership has just concluded an agreement on how money will be spent and the long-term project will be executed with a pedestrian focus. Peter Kanavos, executive vice president of development for Flag Luxury, a partner of Sobe Sky Development, shared with Miami Today how plans to improve Lincoln Road’s 100, 200 and 300 blocks are progressing. “A couple years back,” said[...]

CLIENT NEWS: One of Miami Beach’s last gas stations just sold. Here’s what’s planned for the site

September 25, 2025

One of Miami Beach’s last gas stations will be redeveloped into a mixed-use Class A office building, The Real Deal has learned. Arkadia Property Group, led by Richard Kilstock and David Aaron, closed on acquisition of the gas station and car wash at 1840 Alton Road last week, Aaron said. The Bal Harbour-based firm plans to develop a 40,000-square-foot office building with 2,500 square feet of food and beverage retail space on the 0.4-acre property. It’s in the Sunset Harbour[...]

CLIENT NEWS: Ricardo Dunin, Juan Carlos Tassara land $220M financing for Domus Brickell Center

September 23, 2025

North Development, the partnership between Ricardo Dunin’s Oak Capital and Juan Carlos Tassara’s Edifica, scored $220 million in financing for their planned Domus Brickell Center project. The planned 35-story, 579-unit tower at 1034 Southwest Second Avenue will be their second Domus-branded short-term rental-friendly condo project in Miami’s Brickell neighborhood. The partners received $180 million in C-PACE financing from Coral Gables-based Bayview PACE, a C-PACE lender led by Anne Hill, according to a press release. They secured an additional $40 million[...]

CLIENT NEWS: Lionstone, Flag Luxury and Ben-Josef land $61M loan for Ritz-Carlton South Beach

September 23, 2025

Lionstone Group, Flag Luxury Group and Ben-Josef Group scored a $61.2 million predevelopment loan for their planned Ritz-Carlton Residences, South Beach project, The Real Deal has learned. BHI, the U.S. branch of Israel’s Bank Hapoalim, is providing the financing, according to a press release. The developers received approval for the project at 1671 Collins Avenue in 2023. The plans include the construction of a new 15-story, 30-unit condominium and the redevelopment of the 101-key Sagamore Hotel into a 55-room Ritz-branded[...]

CLIENT NEWS: Ultra-exclusive country club in Miami Beach plans new clubhouse

September 10, 2025

The La Gorce Country Club has submitted an application to the Miami Beach Design Review Board to construct a new 74,000-square-foot clubhouse at its property at 5685 Alton Road. The proposal, which would replace an existing 45,000-square-foot clubhouse, is scheduled to be heard by the board on Sept. 11. According to a letter of intent filed on behalf of the club by attorney Michael Larkin of the Miami-based law firm Bercow Radell Fernandez Larkin & Tapanes, the La Gorce requests[...]