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Current media coverage and upcoming developments hand-picked from the industry.
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Chairman Stephen Bittel talks real estate, trends, and building better communities.
Terranova sells Suniland Shopping Center to Dividend Capital: $66.5M
THE REAL DEAL — May 31, 2016 — BY INA CORDLE. A Terranova Corp. affiliate just sold Suniland Shopping Center to Denver-based Dividend Capital for $66.5 million, Terranova's Suniland Associates Ltd., had owned the property for 22 years, originally purchasing the center in two transactions: paying $9.3 million in 1994, then buying an out-parcel for $1.12 million in 1996. The total was $10.4 million for the 82,000-square-foot property on 7.11 acres at 11325 South Dixie Highway in…
Retail project on South Beach’s Lincoln Road launches construction
SOUTH FLORIDA BUSINESS JOURNAL — April 13, 2016 — BY BRIAN BANDELL. Terranova Corp. has started its construction and renovation project on South Beach’s trendy Lincoln Road retail strip. Miller Construction Co. is the general contractor for the $11.8 million project at 801 Lincoln Road. About half of the building was demolished and a new, three-story shop will be built on the corner of Meridian Avenue. CLICK HERE FOR THE FULL ARTICLE
Check out construction of the new Miami Beach Anthropologie
THE REAL DEAL — April 13, 2016 — BY KATHERINE KALLERGIS. Terranova Corporation is moving forward with construction of its 801 Lincoln Road project, a new retail and restaurant building that will house retailer Anthropologie. The development firm and brokerage, led by Stephen Bittel, tapped Miller Construction Company to build the $11.8 million project just north of Lincoln Road on Meridian Avenue. It will be completed by the end of 2016, according to a press release. Construction…
The Developer Who’s About to Transform Lincoln Road
BISNOW — March 16, 2016 Despite the defeat yesterday of the proposed 800-room Miami Beach Convention Center hotel (it got 45% yes but needed 60%), other initiatives may create new excitement in the area. Get ready for a juiced up "Lincoln Lane" nearby - and an enlarged Lincoln Road "District" eventually up to 17th Street. That's the vision of Terranova founder Stephen Bittel, well underway with two buildings on a little parallel street between Lincoln Road…
Regus to relocate its workspaces near Lincoln Road
THE REAL DEAL — January 20, 2016 — BY INA CORDLE. Regus, a flexible workspace provider, plans to move off Lincoln Road, into a nearby building designed by the late architect Morris Lapidus. The company has inked a 10-year lease with Terranova Corp. for 19,374 square feet, covering two floors at 1688 Meridian Avenue, just off Lincoln Road in Miami Beach, Terranova said. The building, designed by Lapidus in 1961, is a mixed-use project totaling…
Miami Beach’s Eight-Block Landmark District Expansion Announced
CHAIN STORE AGE — August 11, 2015 — BY MELONIE MESSINA. Terranova, Lincoln Road shopping district’s largest property owner, released redevelopment plans to activate Lincoln Lane North by developing 723 North Lincoln Lane and 801 Lincoln road buildings. These buildings are part of Miami, Florida’s eight-block retail, dining and entertainment district located blocks from Miami Beaches. Construction recently began on the vertical expansion of 723 North Lincoln Lane, a building just north of Lincoln Road…
New Terranova Buildings Geared To Expand Lincoln Road District
THE REAL DEAL — March 5, 2015 — BY INA CORDLE Terranova Corp. is developing two new three-story buildings near Meridian Avenue in Miami Beach, bringing additional retail stores and a rooftop restaurant to the Lincoln Road area, Chairman Stephen Bittel told The Real Deal. The new sites, at 723 Lincoln Lane and 801 Lincoln Road, are geared to expand the Lincoln Road shopping district from the pedestrian promenade to 17th Street. As rents reach…
Stephen H. Bittel, Chairman Of Terranova Corp.: ‘I Want To Do More’
MIAMI HERALD — October 12, 2014 — BY INA PAIVA CORDLE Stephen H. Bittel, chairman of Terranova Corp., has reached new heights in the realm of commercial real estate since his firm’s $342million sale of a portfolio of six buildings on Lincoln Road in Miami Beach — one of the largest property deals in South Florida history. Terranova remains an owner and managing member of the properties, in a new partnership with Morgan Stanley Real…
Behind Terranova’s $342M Lincoln Road Deal
GLOBE ST. — August 22, 2014 — BY JENNIFER LECLAIRE — In one of the biggest-ever deals in South Florida, Miami Beach-based Terranova sold its six-building portfolio of assets on and around Lincoln Road to Morgan Stanley Real Estate Investing, along with affiliates of Terranova, for $342 million. Terranova assembled the assets over the past three and a half years for $191 million. As Terranova chairman Stephen H. Bittel sees it, the deal is one…
$342 Million Sale Of Six Properties On Miami Beach’s Lincoln Road Closes
MIAMI HERALD – August 19, 2014 – BY INA PAIVA CORDLE In one of the largest deals in South Florida’s history, the $342 million sale of six buildings on Miami Beach’s Lincoln Road closed on Tuesday. It marks the biggest transfer of property on the pedestrian promenade, with one of the sellers remaining part owner in the new entity. Miami Beach-based Terranova Corp., and investment partner Acadia Realty Trust, the largest property owners on Lincoln…