The Weekly Dirt: Is it time for Lincoln Road’s next act?

A familiar face made a big move last week with the $140 million purchase of 11 storefronts on Miami Beach’s Lincoln Road. Michael Comras’ Comras Company plans to redevelop the properties into a 150,000-square-foot boutique shopping district called NoLi — short for North Lincoln Road.  In 2015, the retail developer and broker sold 1001-1035 Lincoln Road for $370 million. The buyer was Pontegadea, the family office of Spanish billionaire Amancio Ortega.  Now Comras is back in a big way. He has scooped up nearly a dozen storefronts, mostly along the 700 and 800 blocks of Lincoln Road. Current tenants include […]

This article originally appeared on The Real Deal. Click here to read the full story.