SUMMER CONTINUES TO SIZZLE FOR MIAMI’S RETAIL REAL ESTATE MARKET

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MIAMI’S COMMUNITY NEWSPAPERS — August 7, 2018 Terranova Corporation, South Florida’s leading commercial real estate firm, has announced a plethora of new tenants opening in two of its most prestigious retail locations in Miami-Dade County – Coral Gables’ Miracle Mile and Miami Beach’s coveted world-famous pedestrian thoroughfare Lincoln Road.

On Lincoln Road, three new restaurants and a café embracing the diversity of Miami Beach’s local and tourist populations, join the vibrant mix of dining destinations and retail outlets on the Road.  At the same time, Miracle Mile welcomes two fast-casual restaurants and a unisex salon and spa to the Mile in tandem with the completion of the city’s streetscape beautification project.  In June 2018, Terranova announced the first wave of vendors (there will be 16 in total) many of the exciting new local concepts in their first brick and mortar location, that have signed on to their new 9,600 square foot food hall, The Lincoln Eatery (TLE), located just north of Lincoln Road.  TLE is slated to open in December 2018.

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First Watch Inks Lease at Miami Lakes Plaza

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SOUTH FLORIDA BUSINESS JOURNAL — July 23, 2018 — BY BILLY JEAN LOUIS Two new eateries have signed leases at a South Florida shopping center.

Palm Plaza in Miami Lakes will add First Watch and Arepa 69 to its roster.

First Watch, which signed a 10-year lease for 3,747 square feet of space, will open in February 2019. The national chain serves breakfast, brunch, and lunch.

Arepa 69, which signed a 5-year lease for 1,700 square feet of space, will open in December. Its Venezuelan-style arepas are made with round dough and stuffed with a variety of things.

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Stephen Bittel

Terranova to open Miami Beach food hall off Lincoln Road

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THE REAL DEAL — March 30, 2017 — BY KATHERINE KALLERGIS On the ground floor of the new Marshalls building just off of Lincoln Road, Terranova Corp. plans to open a food hall by the summer of 2018.

The Lincoln Eatery, at 723 North Lincoln Lane, will join a handful of new food halls planned for the Miami area. Miami Beach-based Terranova is handling the management and leasing of the project, a 9,600-square-foot food hall that will have roughly 16 eateries, juicers and coffee-type tenants, Terranova Executive Vice President Mindy McIlroy told The Real Deal.

Within the food hall, spaces will range from 115 square feet to nearly 500 square feet, and spaces can be combined depending on the tenant. About 4,400 square feet will be leased to tenants and the remaining 5,200 square feet will be for seating and other common space. McIlroy declined to provide asking rents, but said they will be driven by expected sales volume.

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