Miami Beach's Evolving Lincoln Road

A new era for the evolving Lincoln Road - Business Monday - "Lincoln Road is in transition after decades of ups and downs dating from its 1920s origins. Through the early 1950s, elite department stores like Saks Fifth Avenue and Bonwit Teller lined the street and women paraded by, dressed in fur coats. After falling into decline, the street has been on an upswing since the 1990s. Now, with a resurgence of investor and tenant interest, Lincoln Road is evolving into a new phase — and booming. “It is squarely in the sights of every major, exciting retail operator around the world, and the demand for locations on Lincoln Road has never been higher,” said Stephen Bittel, founder and chairman of Miami Beach-based Terranova Corp. Since December 2010, Terranova has bought several properties on Lincoln Road in a joint venture with New York-based Acadia Realty Trust, making it the street’s largest owner of retail property." (read more at the link above)

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