Lincoln Center, completed in 2000, is a fully-occupied destination shopping center strategically located at the intersection of Lincoln Road and Alton Road in the South Beach sub-market of Miami, Florida. The Property is located in the heart of Miami's South Beach market area with strong demographics and median household income of $56,767 in 2000 (as compared to the national average of $41,990 in 2000). Additionally, approximately 30,000 residents and 16,000 employees are located within walking distance of Lincoln Road.
Building Type: RetailSubType: Storefront (Super Regional Mall)Class: -RBA: 166,524 SFTypical Floor: 36,175 SFStories: 4Building Status: ExistingYear Built: 1999% Leased: 92.5%Owner Occupied: NoOwner Type: Public REITTenancy: Multiple TenantLand Area: 1.78 ACZoning: CD-3, Miami BeachParcel No: 02-3234-018-0250Parking: 298 free Covered Spaces are availableRatio of 6.00/1,000 SF
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A former gas station on Alton Road in Miami Beach will be redeveloped as a commercial building with Michaels Craft Stores and other restaurant and retail tenants. The four-story Kobi Karp-designed commercial building on the corner of Alton Road and 18th Street will include a 160-seat restaurant, 11,561 square feet of ground floor retail space, 15,450 square feet of second floor retail space and 130 parking spaces on two upper levels.
The developers have already found a major tenant for the new building, Michaels Craft Stores, which is expected to occupy the entire second floor and a portion of the ground floor as well.
Building Type: RetailSubType: StorefrontClass: -RBA: 32,491 SFTypical Floor: 16,000 SFStories: 4Building Status: Under ConstructionYear Built: 2018% Leased: 72.3%Owner Occupied: -Owner Type: Equity FundsTenancy: -Land Area: -Zoning: -Parcel No: 02-3233-012-0130Parking: -
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