Condo building on Lincoln Road aiming for bulk sale

40-unit building, on west end of Lincoln Road, was built in 1985

TRD MIAMI /
Nov.November 18, 2015 04:50 PM

Lincoln West Gardens, a low-rise condo building on Miami Beach’s Lincoln Road, has hit the market for an undisclosed price. 

Avison Young was tapped to list the 40-unit, bulk condo at 1250 Lincoln Road. Michael Fay, principal and managing director, and John Crotty, principal, are representing the owner LWG Condominium Association Inc. It was built in 1985, according to Miami-Dade County property records.

The listing comes on the heels of the firm’s bulk condo sale of Surf House in Surfside, for $55 million, according to a release.

Prices have skyrocketed in the Lincoln Road district, most recently with the blockbuster sale of an entire block, from 1001 Lincoln Road through 1035 Lincoln Road, for $370 million. Retail rents on Lincoln Road ranked as the 10th most expensive  in the United States, according to a Cushman & Wakefield research report released Wednesday.

The condo building is in a residential area one block west of the retail district, which starts at 1111 Lincoln Road, the Herzon & de Meuron-designed parking, retail and commercial garage. – Katherine Kallergis

An earlier version of this story incorrectly stated that the property was listed for $55 million. It has no listing price. 


Related Articles

arrow_forward_ios
Daily Digest Miami

Sterling Bay tops off 545wyn in Wynwood, Reich Brothers buys $70 million former Sears distribution center in Ocala

Andrea Masses and Nirka Burns

Movers & Shakers: agents join Fortune, Brown Harris Stevens, One Sotheby’s & more

Rendering of Ten30 and Masoud Shojaee

Shoma Group launches lower-priced condo project near Lincoln Road

La Social’s original location at 7601 Biscayne Boulevard (Credit: Google Maps)

The Weekly Dish: La Social to open in downtown Miami, Salt & Straw is going to Wynwood 25 & more

Daily Digest Miami

Antonio Brown gives deposition for allegedly damaging Sunny Isles condo, Baptist plans senior living in Coral Gables: Daily digest

Victor Ballestas and Eduardo Otaola with a rendering of 1674 Meridian Avenue

Integra Investments, partner buy Miami Beach office building near Lincoln Road

The Sterling Building at 927 Lincoln Road and Lincoln Center at 690 Lincoln Road (Credit: Wikipedia and Google Maps)

Miami Beach board greenlights new rules for hotel development along Lincoln Road

From left: Escada at Bal Harbour Shops, Pronovias on Miracle Mile, and The Casper Wake-Up on Lincoln Road.

New stores opening at Aventura Mall, Lincoln Road, Bal Harbour & more

arrow_forward_ios