The 24,000-square-foot building is 50% leased, with three vacant spaces available
Scott Robins from Scott Robins Companies, Inc., former Mayor of Miami Beach Philip Levine, and Ben Mandell’s Tricera Capital, closed on 318-334 Lincoln Road, a ~24,000SF property located in the heart of Miami Beach, for $13.6 million. The property was sold by RFR Realty, a New York-based real estate investment firm founded by Michael Fuchs and Aby Rosen.
Scott Robins, known for transforming neighborhoods in Miami Beach, stated, “This part of Lincoln Road has long been the ‘Times Square’ of Miami Beach. Our acquisition of this asset marks the start of a new chapter in this area. My partners and I are excited to restore this iconic location to its former glory, bringing back the bustling energy and allure it once had.”
Current tenants at 318-334 Lincoln include Mr. Jones Miami, South Beach Munchies, and Sweet Life Gelato Italian Ice Cream. Ownership is actively leasing and is currently in discussions with several tenants for the vacant units.
“We are excited to enter this market at such a unique time,” said Tricera Capital CEO Ben Mandell. “This part of Lincoln Road has seen strong performance over the last few years and continues to be a service-oriented and convenient staple for travelers to Miami Beach.”
The timing of this purchase aligns perfectly with the broader revitalization efforts on Lincoln Road, especially in the 100, 200, and 300 blocks. A significant investment of approximately $12 million—contributed equally by the State, the City, and the Ritz-Carlton South Beach—is being dedicated to enhancing infrastructure, implementing art and landscaping, creating pedestrian-friendly streets to harmonize with the rest of Lincoln Road.
“With major capital improvement projects on the horizon, including the construction of a beautiful, pedestrianized streetscape, enhanced public beach access, and the addition of new hotels, restaurants, and retail stores, Lincoln Road is poised to regain its splendor of years past,” said Philip Levine.
Scott Robins: Scott Robins is the Founder, President, and CEO of Scott Robins Companies, a mid-size, vertically-integrated real estate development firm specializing in development, construction, leasing, and commercial property management. Founded in 1988 and based in South Florida, the company has been instrumental in the reemergence of South Florida and the transformation of urban areas like Miami Beach’s Sunset Harbour District. A Miami native, Robins has a deep commitment to community development and preservation, serving in key roles such as Chairman of Miami Beach’s Blue Ribbon Panel on Flooding Mitigation and Sea Level Rise. His projects span office, retail, hotel, and residential spaces, earning numerous accolades for excellence in architecture, historical revitalization, and public service.
Philip Levine: Philip Levine is cruise industry entrepreneur, a real estate developer, and the former two-term Mayor of Miami Beach. In 1990, Levine founded Onboard Media, and later co-founded Miami Cruiseline Services, which he successfully sold to LVMH. Until recently, he was involved in Four Seasons Yachts, a venture he played a key role in launching. In addition, Levine is credited with revitalizing Miami Beach’s Sunset Harbour neighborhood. As Mayor of Miami Beach, Levine tackled sea level rise, government corruption, and police reform, earning accolades for his efforts.
About Tricera Capital: Miami-based Tricera Capital is a commercial real estate owner and developer focused on value-add, urban retail, office and mixed-use investments and developments throughout the United States. Since launching in 2017, Tricera has leveraged its institutional real estate experience, relationships and entrepreneurial spirit to create off-market opportunities and quickly amass a portfolio in select target markets. The team of seasoned real estate professionals with a deep track record of success in deal sourcing, leasing, acquisitions, syndication and overall execution. The talent and experience enables Tricera Capital to consistently perform and deliver superior returns to investors. For more information, visit www.triceracap.com.
