MIAMI BEACH, FL – OCTOBER 15, 2020 – TWith the holidays quickly approaching, Terranova’s Chairman, Stephen Bittel is thrilled to announce a plethora of new brands popping up on Lincoln Road for your holiday shopping needs.
Three new retailers,
locally grown in Miami Beach, join the vibrant mix of dining destinations and
retail outlets on Lincoln Road. This eclectic group of new retailers, carefully
selected for their local flavor, include:
Plant Daddy, your neighborhood retail garden center, opened a 348 square foot space at 808 North Lincoln Lane. Owner Gabriel Diaz, nicknamed the Plant Daddy, launched the concept in June in honor of his late mother.
Jozy DeFord opened her 348 square foot vintage shop, Renegade Rustlers at 804 North Lincoln Lane. An established merchant in the Lincoln Road Antique Market, DeFord’s first brick-and-mortar location opened October 23rd.
Sol + Sorbet is the newest addition and set to open November 2020 at 816 North Lincoln Lane. Created by Miami Beach resident Gina Kravitz in 2018, Sol + Sorbet is a resort wear and swimwear brand.
Joining existing micro
suite tenants, Havana 1957 Cuban Coffee and Fast Connect, these three retailers
bring all of our micro suites at 100 percent occupancy.
“These micro pop-ups bring excitement and diversity
to Lincoln Road retail and create opportunities for more local and start-up
concepts to locate themselves in a bustling and enviable location without a
great deal of risk,” says Stephen Bittel, Chairman and
Founder of Terranova Corporation.
Plant Daddy, Renegade Rustlers, and Sol + Sorbet
will be located just off Lincoln Road on the corner of Meridian Avenue and
North Lincoln Lane, neighboring Anthropologie, Dylan’s Candy Shop, Marshalls
and The Lincoln Eatery.
CLICK HERE FOR THE PDF PRESS RELEASE
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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.
Terranova’s Bittel Welcomes Multiple Tenants Popping Up On Lincoln Road
/in Leasing, Press releasesMIAMI BEACH, FL – OCTOBER 15, 2020 – TWith the holidays quickly approaching, Terranova’s Chairman, Stephen Bittel is thrilled to announce a plethora of new brands popping up on Lincoln Road for your holiday shopping needs.
Three new retailers, locally grown in Miami Beach, join the vibrant mix of dining destinations and retail outlets on Lincoln Road. This eclectic group of new retailers, carefully selected for their local flavor, include:
Plant Daddy, your neighborhood retail garden center, opened a 348 square foot space at 808 North Lincoln Lane. Owner Gabriel Diaz, nicknamed the Plant Daddy, launched the concept in June in honor of his late mother.
Jozy DeFord opened her 348 square foot vintage shop, Renegade Rustlers at 804 North Lincoln Lane. An established merchant in the Lincoln Road Antique Market, DeFord’s first brick-and-mortar location opened October 23rd.
Sol + Sorbet is the newest addition and set to open November 2020 at 816 North Lincoln Lane. Created by Miami Beach resident Gina Kravitz in 2018, Sol + Sorbet is a resort wear and swimwear brand.
Joining existing micro suite tenants, Havana 1957 Cuban Coffee and Fast Connect, these three retailers bring all of our micro suites at 100 percent occupancy.
“These micro pop-ups bring excitement and diversity to Lincoln Road retail and create opportunities for more local and start-up concepts to locate themselves in a bustling and enviable location without a great deal of risk,” says Stephen Bittel, Chairman and Founder of Terranova Corporation.
Plant Daddy, Renegade Rustlers, and Sol + Sorbet will be located just off Lincoln Road on the corner of Meridian Avenue and North Lincoln Lane, neighboring Anthropologie, Dylan’s Candy Shop, Marshalls and The Lincoln Eatery.
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.
Terranova’s Stephen Bittel on Revitalizing Lincoln Road Shopping for a Pre-Holiday Boost
/in In the newsPROGRAMMING INSIDER — OCTOBER 6, 2020 — Miami’s Lincoln Road has become a hotspot for world-class shopping, dining, and entertainment. Along the famed street, hundreds of desirable retailers, chef-centric restaurants, and conceptually-driven bars have seen countless tourists, locals, and adventurers alike. With continued development and improvement from commercial real estate companies like Terranova, this area became a mecca for day trips, shopping, dining, and celebrating. As the global spread of the COVID-19 pandemic has continued to affect the retail, hospitality, and travel industries, these once-booming businesses worked to stay afloat against constantly changing conditions. Stephen Bittel, Founder, and Chairman of Terranova touted that many businesses remained flexible during this time. Restaurants transitioned to take-out models, while retail stores welcomed “buy online, pick up in-store” models. Now, as conditions continue to evolve, businesses along Lincoln Road are working to revitalize the famed hotspot. In time for a pre-holiday boost, Lincoln Road is preparing for pop-up shops that will attract customers, and welcome back shoppers.
The Pre-Holiday Pop-Up Program
To help small businesses regain foot traffic and increased activity, and simultaneously fill vacancies created by long-term shutdowns, the Lincoln Road Business Improvement District has announced the launch of a new pre-holiday pop-up shop program. The program will rely on short-term leases, allowing seasonal small business owners the opportunity to occupy a premium space for a shorter amount of time. For fledgling business owners, and seasonal specialty owners, this opportunity allows small business owners to open up in a highly desirable shopping destination. According to Stephen Bittel, pop-up shops are a great way to bring in exciting new retailers that will drive activity, without the requirement of a long-term lease commitment. Bittel’s Terranova Corporation owns and manages several retail locations along Lincoln Road, and welcomes the pre-holiday pop-up program.
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Pre-holiday pop-up shops bring new life to Lincoln Road – and fill empty spaces
/in In the news, LeasingMIAMI HERALD — SEPTEMBER 28, 2020 — BY REBECCA SAN JUAN Lincoln Road is getting a trio of new pop-up shops.
To help small businesses and fill a growing number of retail vacancies, the Lincoln Road Business Improvement District has launched a pre-holiday pop-up program. So far, three small business owners have signed leases.
The Lincoln Road BID approved the program in early September. Retailers submit an application for a 90-day lease, said Tim Schmand, BID executive director. Schmand reviews applications and connects applicants with landlords. Lease rates are often less than the going price for annual contracts.
The BID is aiming to fill vacant storefronts before the holiday season. Although Lincoln Road signed several new retailers last year, occupancy rates have dropped by 8% since December 2019, from 82% to 74%, Schmand said. Of its total 250 storefronts, about 60 spaces are empty.
“The goal of the program is to get interesting, cutting-edge retailers onto Lincoln Road. If we get four interesting retailers on Lincoln Road, then that’s a home run,” Schmand said.
Some landlords are charging less for pop-ups than the current average asking rates. Stephen Bittel, chairman and founder of Terranova and owner of several commercial spaces on Lincoln Road, is asking for about $80 per square foot for short-term leases versus $250 per square foot for annual contracts.
“It pays for the operation costs but we make no profit,” Bittel said. “[But] if the tenant wanted to enter in a long-term lease, we could extend the pop-up for the next 90 days. Our goal is to keep the street as occupied as possible.”
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