Tom Watson, CPA, is the Chief Financial Officer for United Way of Broward County. After graduating from Florida State University with a degree in accounting, he began his career as an auditor for a large international accounting firm. He left public accounting and joined a...
Boca Wes Country Club recently held a ribbon-cutting ceremony and celebration to launch its new Welcome Sales Center at 7763 Glades Rd. in Boca Raton. The site will serve as a hub of information for future homebuyers and Boca West Country Club members, featuring a large...
A new luxury property will be coming to Downtown Miami when The Elser Hotel & Residences opens later this fall. The 49-story hotel features 646 rooms, ranging from studios to three-bedroom suites. “We are thrilled to announce the addition of The Elser Hotel to Downtown Miami,” Yaniv Packin...
Marcus & Millichap recently helped close the sale of Doral Industrial, a 93,046-square-foot industrial building in Miami for $18.1 million. The buyer, a limited liability company, was secured and represented by Michael Alaoui, a senior associate in Marcus & Millichap’s Miami office. The property is located...
According to CNN, “The NBA’s Miami Heat and Miami-Dade County have terminated their relationship with bankrupt cryptocurrency exchange FTX and will search for a new naming rights partner for their arena in downtown Miami. The announcement came after the FTX group earlier on Friday filed for bankruptcy...
Since launching his first brick-and-mortar location in Wynwood in 2014, pie master and entrepreneur Derek Kaplan has expanded his Fireman Derek’s Bake Shop to Broward County after recently opening the Fort Lauderdale location. The new site, located between Victoria Park and Flagler Village, boasts ample space, plentiful...
The future of street-level retail in Miami is being written today, and one of the most prominent authors of its next chapter is making sure the story features the best of the city.
Mindy McIlroy takes her responsibility seriously. As president of Terranova Corp., the largest retail property owner on Lincoln Road in Miami Beach and Miracle Mile in Coral Gables, she curates the mix of tenants who give life to these iconic roads. And while the economy is still finding its post-COVID-19 footing, she knows that the retail landscape of tomorrow must move beyond yesterday’s trends.
“Lincoln Road was a little nail-biting during the pandemic because it is highly reliant on tourists,” she explains. “Coral Gables, meanwhile, is reliant on a lot of office population.” Terranova owns 15 properties on Miracle Mile and 6 properties (41 spaces within those 6 buildings) on Lincoln Road.
Fortunately for business owners, both districts are on the upswing. Tourists from around the world have returned to Lincoln Road, and many workers are back in their Coral Gables offices—and even living nearby thanks to new residential housing that has transformed it from an after-hours ghost town into a 24-hour destination.
But the end of the more restrictive aspects of the pandemic doesn’t mean all the challenges are now in the rear-view mirror. The new era features competition that didn’t exist before, requiring both districts to differentiate themselves and show their unique value.
“Lincoln Road is going through an identity crisis,” she explains, noting that for much of the pedestrian thoroughfare’s history, its Morris Lapidus-designed follies and international brands were enough to keep it buzzing. “It didn’t have any competition for many years, but now you’ve got the Design District, Wynwood and Brickell, so what else is going to be the draw?”
The answer, according to McIlroy, is a holistic approach that meets the needs of both residents and visitors, blends global retailers with local businesses, and taps the area’s rich well of culture to add fun and excitement to every outing. “In order to have a robust shopping community you have to have diversification,” she says. “A street full of restaurants has a different energy than a street with restaurants, art galleries, places to shop and unique boutiques that aren’t always national chains.”
Tal Aventura, a luxury living building offering unobstructed views of Maule Lake in Aventura, recently began accepting sales of its 86 residences ranging from two to five bedrooms. 2151 Development Group and 2020 Acquisitions are the developers of the 26-story property, with architecture and interiors...