Commerce+Communities Today – AUGUST 4, 2021 BY BEN JOHNSON Miami Beach’s Lincoln Road shopping and dining district needed a jolt, and not just from the pandemic. The nearby Miami Beach Convention Center reopened in 2018 after three years of redevelopment, and local retailers were feeling the disruption. “We went to the city and urged them to have a streamlined licensing process so we could get short-term tenants open to keep those stores full,” said Stephen Bittel, founder and chairman of Terranova, which has a long history as an owner of retail properties in the Lincoln Road area.
As a result, the city launched a program in September to expedite 90-day special event permits for pop-up retailers. Now, that program is filling empty space and generating buzz. “We were working on the program pre-pandemic, and the pandemic just made everything come together in a very sudden way that made it even more opportune,” Bittel said.
Successful results
In late July, online lifestyle sneaker brand Air Kiy hosted its second pop-up in the district in the past six months, at 1655 Meridian Ave. For the first pop-up there, fans had lined up along the pedestrian promenade, and limited-release sneakers sold out within hours.
Other pop-ups in the district have become fixtures. Sol + Sorbet arrived last fall for a three-month pop-up and recently relocated to an expanded space at 821 Lincoln Road under a more traditional lease. Plant Daddy, a popular plant concept that grew a large online following, also signed a three-month pop-up last October, at 808 Lincoln Lane North. It renewed for six months and soon will expand into the space next door.
“We think these retailers are coming because they want to take advantage of this tremendous volume of pedestrian traffic, coupled with Lincoln Road as an open-air shopping destination so people in a pandemic world feel safer shopping outside,” said Bittel.
Pop-up spaces in the area range from 300 square feet to as much as 4,000 square feet. The latter was taken by Shein, an online retailer with a cult-like following. It has opened only a handful of in-store pop-ups across the country but set up a three-day location at 744 Lincoln Road during the annual Miami Swim Week fashion event. Reservations for the event sold out online in 48 hours.
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Stephen H Bittel: Acing Real Estate Industry with Balancing Leadership Mindset
/in In the newsMIRROR REVIEW – September 2021 Real estate has been an important economic indicator in the business industry. With introductions of the latest trends such as co-working, data centers, pop-up rentals, and many more. Real estate serves as a guarantee for financing and as an important element of economic stability. As the windsurf offers several scopes for growth, real estate leaders must be aware of how to cultivate and utilize the available opportunities and possibilities.
The leaders must be agile and enterprising while leading their companies in an industry as promising as real estate. One such prime example of ingenious leadership is Stephen H. Bittel (CEO and founder of Terranova) who has successfully tapped the potentials of the industry and has thrived in the competition. Guided by strong principles and a cohesive vision, Stephen has been propelling the company forward and contributing to its profound growth.
Commending the Entrepreneurial Journey
Stephen has always been an entrepreneur a heart. Hailing from a family with a law background, he had presumed to pursue the same profession. However, after graduation, he worked abroad for a year and returned home to enroll himself at the University of Miami School of Law. Simultaneously, he undertook a position at a commercial real estate firm to pay bills and stay engaged in business.
A year later when the company he was working for offered to restructure his compensation, Stephen realized his caliber and realized how much more he could achieve if he were to start his own company. Despite continuing with his law studies, Stephen established Terranova by the second year of law school in 1980 and managed operations at his home-based office.
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Terranova’s Stephen Bittel Announces New Lease Signed with Lumas Art on Lincoln Road, as Part of Plan to Bring More Arts and Culture-Oriented Businesses to the Area
/in Leasing, Press releasesPR NEWSWIRE — SEPTEMBER 9, 2021 — Terranova Corporation Chairman Stephen Bittel announced the completion of a lease deal for a 3,625 SF space for art retailer Lumas Art at 737 Lincoln Road, further evidencing the trend in business owners seeking to cater to the growing number of residents, tourists and other visitors flocking to the area.
“As part of our commitment to the City of Miami Beach, we are pleased to welcome Lumas Art, which is consistent with the missions of Terranova, the Lincoln Road Business Improvement District, and the City of Miami Beach to bring more arts and culture-oriented businesses to Lincoln Road,” Bittel said.
Additionally, Bittel also announced several other new Lincoln Road leases, including:
Plant Daddy doubling its square footage for a one-year lease term
Sol + Sorbet renewing for an additional six months at 821 Lincoln Road
New tenant Pop-Up & Shop-Up, which is the first retail tenant to join the Lincoln Eatery food hall at 723 N Lincoln Lane. The food hall is an innovative space where emerging small businesses may showcase their products on a weekly or monthly basis.
“We are happy to continue to bring new activity and investment to Lincoln Road, which is a unique gem in Miami Beach,” Bittel added. “The Miami Beach market remains strong and positioned for continued growth considering the ongoing migration of local and new-to-market businesses, residents and tourists to the area.”
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How the city of Miami Beach is attracting pop-ups
/in In the news, LeasingCommerce+Communities Today – AUGUST 4, 2021 BY BEN JOHNSON Miami Beach’s Lincoln Road shopping and dining district needed a jolt, and not just from the pandemic. The nearby Miami Beach Convention Center reopened in 2018 after three years of redevelopment, and local retailers were feeling the disruption. “We went to the city and urged them to have a streamlined licensing process so we could get short-term tenants open to keep those stores full,” said Stephen Bittel, founder and chairman of Terranova, which has a long history as an owner of retail properties in the Lincoln Road area.
As a result, the city launched a program in September to expedite 90-day special event permits for pop-up retailers. Now, that program is filling empty space and generating buzz. “We were working on the program pre-pandemic, and the pandemic just made everything come together in a very sudden way that made it even more opportune,” Bittel said.
Successful results
In late July, online lifestyle sneaker brand Air Kiy hosted its second pop-up in the district in the past six months, at 1655 Meridian Ave. For the first pop-up there, fans had lined up along the pedestrian promenade, and limited-release sneakers sold out within hours.
Other pop-ups in the district have become fixtures. Sol + Sorbet arrived last fall for a three-month pop-up and recently relocated to an expanded space at 821 Lincoln Road under a more traditional lease. Plant Daddy, a popular plant concept that grew a large online following, also signed a three-month pop-up last October, at 808 Lincoln Lane North. It renewed for six months and soon will expand into the space next door.
“We think these retailers are coming because they want to take advantage of this tremendous volume of pedestrian traffic, coupled with Lincoln Road as an open-air shopping destination so people in a pandemic world feel safer shopping outside,” said Bittel.
Pop-up spaces in the area range from 300 square feet to as much as 4,000 square feet. The latter was taken by Shein, an online retailer with a cult-like following. It has opened only a handful of in-store pop-ups across the country but set up a three-day location at 744 Lincoln Road during the annual Miami Swim Week fashion event. Reservations for the event sold out online in 48 hours.
CLICK HERE FOR THE FULL ARTICLE