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New Yorkers Grab Lincoln Road Retail

MIAMI—Imperium's Samuel Schneider hinted that the New York firm will continue making South Beach retail acquisitions. Find out more.

By Jennifer LeClaire | Updated on January 14, 2014

MIAMI—New York investors are taking a piece of Lincoln Road. Imperium Capital, a New York City-based real estate investment and development firm, and Centurion Realty, a New York City-based real estate investor, grabbed 643-657 Lincoln Road for $33 million.

Lincoln Road is an eight-block long pedestrian walkway between Washington Avenue and Alton Road in Miami Beach, filled with shops, restaurants, and cafes. It is a major destination for South Beach visitors. Planned in the 1920s by the legendary Carl Fisher, one of the early developers of Miami Beach, Lincoln Road is one of America’s most fashionable shopping streets.

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