Gap signs lease for temporary space off Lincoln Rd.

Clothing retailer The Gap has signed a lease for temporary space off Miami Beach’s Lincoln Road as it builds its permanent multi-story location on the popular thoroughfare, according to Terranova Corporation. The new location is set to open at 1669 Meridian Avenue, two blocks away from its current location at 1001 Lincoln. The existing gap store will close by early 2013, when the company will begin the demolition and redevelopment on its 20,000-square-foot flagship store. Terranova’s Mindy McIlroy and leasing director Isabelle Courtial represented the landlord in the lease. The building houses H&M’s new store as well. — Alexander Britell