The Real Deal New York

SoFla roundup: Retail block sells for $370M, SkyRise gets court OK … and more

October 12, 2015 04:36PM
By Ina Cordle

1035 Lincoln Road in Miami Beach

1035 Lincoln Road in Miami Beach

From the October issue: In one of the largest real estate deals in Miami-Dade history, a full block of Miami Beach’s Lincoln Road traded for $370 million last month. The buyer was Amancio Ortega, the Spanish fashion billionaire who founded Zara and the world’s fourth richest person.

A partnership led by commercial real estate investors and developers Michael Comras and Jonathan Fryd sold the four properties that run from 1001 Lincoln Road through 1035 Lincoln Road, home to newly built stores leased to Gap, Intermix, Athleta, Apple and a planned location for Nike slated to open in 2016. [more]