The buyer of the 35,315-square-foot, three-level property could reposition it as a new flagship-format retail store.
311 Lincoln is located at the eastern end of Lincoln Road (which isn’t closed to car traffic) on the lower levels of the Albion Hotel. It is within Miami Beach’s Lincoln Road Signage District (limited to the 200 and 300 blocks of Lincoln Road), which allows for oversized, bright signage, on the condition that the building is renovated
Property records list a company controlled by the Rubell family as the owner. The Rubells also own the Albion Hotel, which isn’t listed for sale.
No listing price has been disclosed, but it is expected to trade within the range of other significant Lincoln Road sales within the past six months. HFF’s Luis Castillo and Scott Wadler have the listing