MIAMI—Just how hot is Lincoln Road retail?Well, here's one way to look at it: StephenBittel, chairman of Terranova Corp, isworking on vertical expansion of properties on LincolnRoad to meet pent up demand.

“Lincoln Road is the premierretail street in the Southeast US, and demand forspace is virtually popping the ceiling off the top of thesehistoric structures, literally,” says Bittel. Terranova is workingto redevelop its buildings into multi-story structures that willmake room for anchor stores and activate streets next toLincoln Road with new retail activity.

The 1654 building is among the structures that will undergoredevelopment. It sits on the hard corner of Meridian Avenue northof Lincoln Road. When the vertical expansion iscomplete, it will offer new storefronts that open to Lincoln Lane,activating that alleyway with new retailactivity.