Florida Allocates Funds for Lincoln Road Redevelopment - S. Florida Business & Wealth

Florida Allocates Funds for Lincoln Road Redevelopment

The plan’s most significant changes are a complete street redesign, including road lane and median changes.

The 100 block of Lincoln Road and the beachwalk entrance will soon undergo major renovations after the owners of the Ritz-Carlton South Beach and Sagamore Hotel South Beach hotels obtained $4.85 million from the state of Florida to begin construction for the redevelopment. The project calls for a grand concourse that connects the public access beach to the Lincoln Road shopping and entertainment mall. 

The hotel owners had committed $4 million of private funds and an additional $4 million from the City of Miami Beach in 2023 to restore the east end of Lincoln Road, which serves as the primary public access to the beach from Collins Avenue. With over $12 million now available, they can redesign the roadway and install new features. The latest additions will include an Art Walk, a public beach park, a pedestrian lush art-filled pathway and a gateway monument featuring the “Lapidus Arch,” part of Morris Lapidus’ original unfulfilled vision to see Lincoln Road extend from bay to ocean, among other enhancements.

The planned reconfiguration and revitalization of the 100 block of Lincoln Road and the beachwalk entrance is part of a larger wave of investment worth billions of dollars to revitalize the core of Miami Beach. This includes a flood of new luxury residences under construction, new Class A office space, and City-led upgrades to Lincoln Road’s retail district, known as the James Corner plan, worth $60 million. The plan’s most significant changes are a complete street redesign, including road lane and median changes, to ease traffic flow and make the street safer for pedestrians and drivers.

 “The business operators, property owners, and astute residents like the Board of Directors representing our neighbors at the Decoplage who support the planned upgrades can feel validated by the progress we’re making,” Peter Kanavos says, one of the owners of the Ritz-Carlton and Sagamore South Beach hotels.

Later this summer, Kanavos and the other Ritz-Carlton and Sagamore South Beach owners will present the final development agreement to the City of Miami Beach Commission. The city will issue a Request for Proposals to initiate construction if approved.

“Our vision is that the activities on east Lincoln Road become the catalyst for a longer-term movement to revitalize the urban core of our entire city center,” Kanavos says.

You May Also Like
A Block-Scale Bet on North Beach

Witkoff’s Miami Beach project combines boutique density, public investment, and mixed-use design in a model built for long-term value

Read More
Two modern, glass high-rise buildings stand near a sandy beach lined with palm trees, with the ocean stretching out to the horizon under a clear sky at sunrise or sunset. South Florida Business & Wealth
$1B Industrial Fund Targets Southeast Growth

Boca Raton investment firm targets overlooked industrial deals across high-growth markets.

Read More
A white semi-truck, cargo containers, a forklift, and large metal rolls at an industrial shipping yard, with a plane flying overhead and cranes and factories in the background at sunset. South Florida Business & Wealth
International Swimming Hall of Fame Redevelopment Moves Forward With Key Approval

Fort Lauderdale clears the way for the largest phase of the $220 million public-private redevelopment.

Read More
A modern, multi-story building with a curved design sits by the waterfront, surrounded by palm trees, sailboats, and yachts on a sunny day, with several high-rise hotels in the background. South Florida Business & Wealth
$85M Fuels Hallandale Office Play

An eight-story Class A office condominium signals growing confidence in Hallandale Beach’s commercial evolution.

Read More
Modern six-story office building with large windows and palm trees along the sidewalk; cars are parked and driving on the street, set under a bright blue sky with scattered clouds. South Florida Business & Wealth
Other Posts
Capital Holds Steady

What South Florida’s Latest Business and Real Estate Moves Signal for 2026

Read More
Aerial view of luxury waterfront condos and homes in South Florida at sunset, with boats on the water and a city skyline in the background. Text overlay reads: "South Florida Business & Real Estate Trends. South Florida Business & Wealth
Capital Holds Steady

What South Florida’s Latest Business and Real Estate Moves Signal for 2026

Read More
Aerial view of a coastal city with high-rise buildings, lush islands, luxury waterfront homes, and yachts in the water, with a sandy beach and turquoise ocean in the foreground during sunset. South Florida Business & Wealth
Big Deals, Big Momentum

Major Projects Move Forward Across Broward and Palm Beach Counties.

Read More
PRNEWS Relocates U.S. Headquarters to Miami

European PR-tech firm taps into South Florida’s rising global business hub

Read More