Summer Continues to Sizzle for Miami’s Retail Real Estate Market

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MIAMI BEACH, FL – July 30, 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 them 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.

This eclectic group of new restaurants, carefully selected for their local flavor, all have roots in the Miami melting pot:

Taverna, a full-service Argentine-Italian bar & grill opened on July 9, 2018 at 719 Lincoln Road. With a moderately-priced menu featuring salads, steaks, seafood, pizza and pasta, the rustic restaurant encompasses more than 3000 square feet.

7 Spices Restaurant is a full-service Mediterranean-American restaurant serving lunch and dinner daily opened July 29, 2018 at 610 Lincoln Road. With combined seating for over 100 the modern eatery will offer Greek, Turkish and Lebanese cuisine with sharable plates and specialty entrees including chicken and beef shawarma, and a bar serving wine and beer.

From V&E Restaurant Group, who own and operate successful bar, restaurant and nightlife venues in South Florida, Mexico and Las Vegas, La Cerveceria de Barrio will open at 835 Lincoln Road in August. A seafood restaurant with multiple locations throughout Mexico, La Cerveceria’s Lincoln Road location will represent the first U.S. outpost for the concept with indoor/outdoor seating for close to 200 with a full bar and daily lunch and dinner service.

Another V&E concept, Havana to Miami, will open later this year just off Lincoln Road at 1656 Meridian Avenue. Offering a quick stop for cafecitos and pastelitos, the café will be among the first to occupy Terranova’s recently developed micro suites – ground floor units featuring glass nano walls that open to bring the outside in.  At approximately 400 square feet, the retail micro unit is a relatively new phenomenon Lincoln Road.  “Micro suites create opportunities for more local and start up concepts to locate themselves in a bustling and enviable location without a great deal of risk, “offers Terranova’s chairman and founder Stephen Bittel.

On the heels of a recently completed streetscape project which included widened sidewalks and outdoor seating, Miracle Mile – downtown Coral Gables’ pedestrian friendly major retail corridor, is also welcoming a number of exciting new merchants to The City Beautiful mix.

Opening later this summer, Well Groomed Image Consultants at 261 Miracle Mile, represents the expansion of Well Groomed Gentlemen; a luxurious men’s barbershop and spa located at 130 Miracle Mile. In its new space, encompassing almost 1,700 square feet, the popular concept will add women’s services to its roster.

Popular South Florida concept Carrot Express continues its domination of the healthy fast casual market with the opening of its fifth South Florida location at 259 Miracle Mile later this summer. With something for everyone and perfect for a quick lunch onsite or on the go, Carrot Express offers a wide selection of vegan and vegetarian sandwiches and salads to choose from along with signature wraps, simply grilled chicken dishes and poké bowls.

Established in Spain in 1939, popular multi-unit Rodilla will make its U.S. debut in early 2019 at 135 Miracle Mile. Offering hot and cold sandwiches, pastries, frappes, and ice creams, the first American outlet will occupy 1,900 square feet of café space.

The refurbishment of Miracle Mile ties in perfectly to Coral Gables’ evolution into a city in and of itself.  “More dining, entertainment and shopping options are only fitting for an area that offers one of the densest downtown districts in all of Miami,” says Bittel.  “It’s no surprise that retailers and restaurateurs are taking a close look at Coral Gables, especially with the completion of the streetscape project.  Now everyone is clamoring for space on the Mile to be in the thick of it all.”

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Terranova Corporation, South Florida’s leading commercial real estate firm, is involved with nearly $1 billion in commercial real estate assets for its partners and its own portfolio. Terranova’s comprehensive array of services include high street retail, leasing & property management and acquisitions/joint ventures. Services are offered to a select group of partners/clients who count on us to maximize the value of their real estate.

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Palm Plaza Heats Up with New Restaurants Coming Soon

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MIAMI BEACH, FL – July 16, 2018 – Terranova is pleased to announce the addition of two new eateries, First Watch and Arepa 69 to Palm Plaza shopping center located at NW 67th Avenue and the Palmetto Expressway (SR826), bringing its occupancy to over 93%.

First Watch, a breakfast focused daytime café where freshness is never comprised and everything is made to order, signed a 10-year lease for 3,747 square feet. Customers will be able to enjoy a freshly brewed cup of Project Sunrise coffee, breakfast, brunch or lunch options when First Watch opens in February 2019.

Arepa 69 signed a 5-year lease for 1,700 square feet. An iconic sandwich and cornerstone of a Venezuelan diet, arepas will be made with round dough and stuffed with a variety of fillings including cheese, eggs, avocado and meats for a quick snack or meal. Customers will be able to enjoy arepas later this year when Arepa 69 opens in December.

“We are ecstatic to bring these two new eateries to Palm Plaza and expand on the restaurant offerings available to the community,” says Terranova Corporation’s President, Mindy McIlroy whose firm represented the landlord in the deal.

First Watch and Arepa 69 will join a tenant line-up that includes a variety of national retailers such as Navarro Discount Pharmacies, Boston Market, Sketchers, MD Now and Starbucks. For more information on leasing opportunities in Palm Plaza, please send inquiries to ehiggins@terranovacorp.com or visit our website at www.terranovacorp.com.

CLICK HERE FOR THE PDF PRESS RELEASE

Terranova Corporation, South Florida’s leading commercial real estate firm, is involved with nearly $1 billion in commercial real estate assets for its partners and its own portfolio. Terranova’s comprehensive array of services include high street retail, leasing & property management and acquisitions/joint ventures. Services are offered to a select group of partners/clients who count on us to maximize the value of their real estate.

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THE LINCOLN EATERY TO DEBUT FALL 2018

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Debuting fall 2018, The Lincoln Eatery marks the arrival of one of the 21st century’s biggest global culinary trends – the modern food hall – on Miami Beach.  Located adjacent to Lincoln Road, South Beach’s famed pedestrian shopping, dining and people watching street, the highly-anticipated urban food collective will present a curated selection of 16 unique dining and drinking options featuring an eclectic assortment of culinary concepts.  As envisioned by its developers, Terranova Corporation, South Florida’s leading full-service commercial real estate firm, The Lincoln Eatery is poised to become a convivial hub on Miami Beach – a gathering place that celebrates the intersection of food, design and community in a setting perfect for Instagram-worthy moments. Designed by Arquitectonica – the iconic global architecture firm notable for putting South Florida on the world design map – The Lincoln Eatery occupies 9,600 square feet of street level space at the intersection of Lincoln Lane and Meridian Avenue. Once open, The Lincoln Eatery is destined to become a dining hotspot for locals and visitors alike, whether they’re seeking a quick bite, a great drink or a chic space to meet, mingle, work or hang.

According to Stephen Bittel, Terranova’s founder and chairman, “We’re extending Lincoln Road’s footprint north with the development of The Lincoln Eatery as the anchor.  Our goal with the Eatery is to work with local and national culinary entrepreneurs, providing the support and infrastructure they need to be successful; in turn offering an exciting, affordable new dining experience that will be authentic and new to the area. All of the Eatery’s tenants will be unique from one another, offering something for every palate. We are thrilled with the creative and delicious mix of cuisines and concepts that are joining forces us.”

Many of the Eatery’s tenants are new to the market, bringing authentic, and in most cases, homegrown made-in-Miami options to a wider audience with first time brick and mortar retail locations. Vendors confirmed to date give a sense of the temptations to come. They include: Necessary Purveyor serving artisanal sandwiches, teas and house-made granola; Fresh Garden Bowls featuring made-to-order salads, wraps and fresh juices; Chill’N, a Miami-based nitrogen ice cream concept; Marble & Rye, a modern take on a New York deli serving traditional Kosher dishes; TYO Sushi, a fusion of Japan’s signature sushi roots and today’s modern flavors; Toast & More, a French bakery specializing in savory and sweet tartines; and GOTAM Pizza and GOTAM Chimney Cakes, serving New York-style pizza and to-die-for freshly-made chimney cakes. The full roster of tenants will be announced later this year.

The Lincoln Eatery will offer flexible indoor/outdoor seating for over 200. A modern interpretation of the industrial food hall, The Lincoln Eatery’s design elements include glossy subway tiles and polished concrete floors. Overhead, a matrix of wooden beams evokes a lush tropical canopy. The central bar, located within the Eatery, will offer wine, beer and handcrafted cocktails; in 2019, Terranova will open the project’s second phase – a spacious rooftop terrace that will be open to the public for dining, drinking, special events and just lounging.  Other shopping and dining experiences in the district are online to open in late 2018 and 2019 including Genuine Pizza by Chef Michael Schwartz and Havana 1957 Café.

One block north of Lincoln Road and within walking distance of the Miami Beach Convention Center, New World Center, the Fillmore Miami Beach and Miami City Ballet, The Lincoln Eatery is perfectly situated for post-shopping, before and after theatre dining and drinking.  Convention center attendees will delight in this convenient option. Operating hours from early morning until evening. Located at 723 Lincoln Lane on Miami Beach.  www.thelincolneatery.com; @lincolneatery.

 About The Lincoln Eatery

Designed by global architecture firm Arquitectonica, The Lincoln Eatery will bring together a total of 16 fast-casual, artisan, and grab-&-go concepts in a space that reflects the fast-paced vibe emerging in Miami Beach’s expanded Lincoln Road district. Whether you’re a local foodie looking for a quick bite or visiting from out of town and craving an authentic Miami Beach experience, The Lincoln Eatery has something for everyone and is the destination to meet, eat, drink and relax in Miami Beach.

About Terranova

Terranova Corporation, South Florida’s leading full-service commercial real estate firm, is involved with nearly $1 billion in commercial real estate assets for its partners and its own portfolio. Terranova’s comprehensive array of services include high street retail, leasing & property management and acquisitions/joint ventures. Services are offered to a select group of partners/clients who count on us to maximize the value of their real estate. www.terranovacorp.com.

Media contacts:

Kimberly Nolan/Karen Barofsky

Brustman Carrino Public Relations

bcpr@brustmancarrinopr.com

(305) 573-0658