Lincoln Road Mall Lincoln Road Mall

MIAMI—New retail developments in Miami are still winning the confidence of commercial real estate investors. CBRE Capital Markets’ Debt & Structured Finance team has secured financing on behalf of MAC 1045 5th Street, LLC, an entity affiliated with Comras Company, for the construction of BLVD at Lenox, a new Miami Beach multi-level retail development.

Located at the gateway to South Beach, on the northeast corner of 5th Street and Lenox Avenue, the five-story property is 50% pre-leased with Target’s new urban format as the primary anchor tenant. After breaking ground in January 2018, the project will be delivered in early 2019.

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