Destination: Food Creating the Lincoln Eatery Experience

February 5, 2018 — TERRANOVA TRENDS — BY ANDREA SPEEDY “Nearly every major retail destination has had a diverse dining element as an anchor to the experience,” says Josh Gelfman, Director of Development for Terranova Corp. “The same is true worldwide – from one end of the globe to the other – and for decades running.” Gelfman’s insights help shed light on the real estate and management company’s recent addition to the South Beach market – The Lincoln Eatery. Inspired by such famous international food halls as Harrods in London, BoulangEpicer (BE) in Paris, and Bouqeria in Barcelona, as well as more domestic hot spots like Seattle’s Pike Place Market or San Francisco’s Ferry Plaza Farmers Market – The Lincoln Eatery is an evolutionary leap forward for Miami.

“South Florida is very familiar with the concept of a Food Court,” Gelfman continues, “but an eatery or food hall is a new idea.” As the region continues to  move away from the traditional shopping mall concept with ever-expanding high-street retail locations and more connected, pedestrian-driven retail developments, the humble food court has struggled to keep pace with current consumer behavior. This does not mean, however, that there has been a decline in consumer desire for casual, accessible dining options. On and around Lincoln Road the current culinary landscape is mostly made up of full-service restaurants, leaving an opportunity for fast-casual dining options and prices that are affordable on a daily basis by the working, residential, and tourist populations of the area.

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La Cerveceria de Barrio First U.S. Location on Lincoln Road

MIAMI BEACH, FL – January 2, 2018 – Mexico meets Miami with the new Mexican seafood cantina, La Cerveceria de Barrio bringing their first U.S. location to Lincoln Road. Thriving with 35 restaurants in Mexico, La Cerveceria’s new location in Miami beach is expected to open in 2018.

Terranova has signed a 5-year lease with La Cerveceria for 1,706 SF at 836 Lincoln Road, the world famous eight block strip in Miami Beach.

Inspired by traditional seafood restaurants in Mexico, La Cerveceria offers classic Mexican cuisine with the freshest ingredients from the sea. The brewery and restaurant is a place to gather with friends and family in a relaxed atmosphere to enjoy a great variety of beers, specialty margaritas and exquisite seafood. La Cerveceria provides an extensive variety of dishes like their famous fish tacos, tuna steaks and beer burritos in addition to a wide variety of seafood dishes.

“This is our main brand in Mexico,” says co-owner Jamil Dib with V&E Restaurant Group which also owns the popular Havana 1957 brand. “We are super exited to bring our first La Cerveceria to such a great location on Lincoln Road.”

La Cerveceria will join a roster of national tenants including lululemon, Tumi, Macy’s, Apple, Sephora, and Dylan’s Candy Bar.

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Terranova Corporation, South Florida’s leading commercial real estate advisory firm, currently is involved with commercial real estate assets for its clients and its own portfolio valued at more than $1 billion. The company offers complete commercial real estate services, including asset and property management, leasing, tenant representation, acquisitions, dispositions, financing, construction management and development services.

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Stephen Bittel

PepsiCo sells Miami-Dade site to Terra, Terranova for $40M

SOUTH FLORIDA BUSINESS JOURNAL — January 2, 2018 — BY BRIAN BANDELL PepsiCo sold its Miami-Dade County offices and bottling plant for $40.27 million to a joint venture between local developers Terra and Terranova Corp.

The Business Journal reports in July that the beverage company (NYSE: PEP) listed the 23.7-acre site at 7777 NW 41 St. in Doral for sale. The listing agents were NAI Global’s Jay Olshonsky, Clifford Moskowitz and Kimberly Kocur, plus NAI Miami’s Gabriela Garcia-Menocal and Lucia Custer.

Terra and Terranova Corp. announced that they had formed 7777 Investment LLC to acquire the property from PespsiCo and sign a lease with the beverage company. While the developers didn’t disclose the length of the lease, they indicated it was not long term, and they plan to redevelop the property for up to 500,000 square feet of commercial space.

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