Lincoln Road Anthropologie moving to new site

Miami /
Jul.July 15, 2015 02:15 PM

Anthropologie will move from its longtime Lincoln Road location to a new, three-story building a few blocks down, being developed by Terranova Corp., The Real Deal has learned.

The popular women’s apparel, accessories and home goods retailer has signed a lease for 2,000 square feet on the ground floor, and the entire second floor, or 10,000 square feet, at 801 Lincoln Road, Terranova Chairman Stephen Bittel told the Miami Beach Historic Preservation Board on Tuesday.

Anthropologie has been at its current address, 1108 Lincoln Road, for more than a decade. In July 2012, Vornado Realty Trust paid $132 million for the 253,168 square-foot building which also houses Regal Cinemas South Beach and other tenants.

Anthropologie’s new location is not yet under construction, and will occupy the current site of Abuela’s and Deco Drive Cigars, near Dylan’s Candy Bar.

The building is one of two that Terranova is developing, geared to expand the Lincoln Road shopping district from the pedestrian promenade to 17th Street. As rents reach as high as $400 a square foot, the retail area is continuing to pour over onto the side streets.

The first building, at 723 Lincoln Lane, will have 42,000 square feet alongside Macy’s, and will be the site for Marshalls.

Bittel, who declined to comment further about Anthropologie’s lease due to a confidentiality agreement, said that the dream of expanding Lincoln Road along the side streets to 17th Street is becoming a reality.

“We think that is the future and we are happy to play a role in  making it happen,” he told TRD. “This has been the long term vision of our community and it is really happening.”

Both Terranova buildings were designed by Allan Shulman’s Shulman + Associates, with Wolfberg Alvarez & Partners handling the working drawings for the second building, Bittel said.

Lincoln Road has drawn the attention of New York investors like Thor Equities and David Edelstein’s TriStar Capital. Thor owns 663-667 Lincoln Road and 605 Lincoln Road. And Edelstein is pursuing plans to build a contemporary 15,789-square-foot, two-story tall retail building on land his company leases from the Miami Beach Community Church at the corner of Drexel Avenue and Lincoln Road.

National and international retail tenants are also increasing their presence. New stores for Gap, Intermix, Athleta and Apple have all opened in recent months. Nike is next. In April, Nike won approval from the Miami Beach Historic Preservation Board to demolish the building that straddles the corner of Lenox and Lincoln Road and develop it into a 30,000-square-foot multistory building. Touzet Studio is designing the Nike store, which will incorporate design elements inspired by Morris Lapidus, including a facade that changes colors depending on sunlight.


Related Articles

arrow_forward_ios
6345 Collins Avenue (Colliers)
Oceanfront Casablanca condo-hotel in Miami Beach for sale
Oceanfront Casablanca condo-hotel in Miami Beach for sale
Allied Partners' Eric Hadar and RH's Gary Friedman with the Savoy hotel (Allied Partners, Getty, Google Maps)
Inside RH’s plans for $100M renovation of Miami Beach hotel
Inside RH’s plans for $100M renovation of Miami Beach hotel
Gables Club Tower II at 60 Edgewater Drive in Coral Gables (Condo.com, Getty)
Coral Gables closing tops Miami-Dade’s weekly condo sales
Coral Gables closing tops Miami-Dade’s weekly condo sales
Lil Wayne and 6480 Allison Road in Miami Beach (Getty Images, Become Legendary/Douglas Elliman Realty)
Lil Wayne lists Miami Beach mansion for $30M
Lil Wayne lists Miami Beach mansion for $30M
Moto Capital Group's Marcos Lima with 350 Ocean Drive (Loopnet, LinkedIn, Getty)
Toronto firm picks up Ocean Drive hotel for $39M
Toronto firm picks up Ocean Drive hotel for $39M
John Howard Kunkel with 1030 Stillwater Drive (LinkedIn, Google Maps)
50 Eggs restaurateur John Kunkel buys waterfront Miami Beach home
50 Eggs restaurateur John Kunkel buys waterfront Miami Beach home
Red South Beach at 3010 Collins Avenue, Tom Assouline and August “Gussie” Busch (Instagram/gussiebusch, Google Maps, Getty)
Busch family partners with Assouline Capital to buy Red South Beach hotel
Busch family partners with Assouline Capital to buy Red South Beach hotel
Mario Carbone and the Palm Island house (Getty Images, Google Maps)
Major Food Group’s Mario Carbone buys Miami Beach home
Major Food Group’s Mario Carbone buys Miami Beach home
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...