Lingerie, Clothing and Beauty Shop Victoria’s Secret has signed a lease with Private Fund Alto Real Estate for a new flagship shop location at Lincoln Road in Miami.
Located on 900 Lincoln Road, the new store was recently opened within 7,500 square foot Premium Miami shop space, for which the retailer signed a rental agreement of 12 years.
“Alto is investing strategically in properties that elevate our portfolio, and Lincoln Road is such an active one,” said Yaniv Melamud, co-founder and CEO of Alto Real Estate Funds. “This long -term lease with Victoria’s Secret reinforces the value of this top location and strengthens our presence on one of the most prestigious Retail streets in the United States.”
Alto Real Estate Fund acquired the property in 2021, banking in the potential of the Lincoln Road Corridor for revival and long -term growth. Victoria’s secret anchoring of the location is on the heels of six months of extensive preparations, represents an important milestone for both the retailer and the lively shopping area of Miami.
Both international investors and global brands are attracted to the area, which is currently experiencing more than $ 3 billion in investments in luxury residential and hospitality. Projects include: the Shore Club Private Collection (Ultra-Luxe Homes with Penthouses); The Raleigh Hotel, which is undergoing a full restoration of $ 1 billion; And a 48 -storey, milestone tower dubbed five park that aims to deliver boutique hotel style living and sweeping out of the ocean.
Miami Commercial Real Estate flourishes in 2025
Miami Beach continues to strengthen his reputation as a destination of world class for fashion, lifestyle and long -term value. Because retail space and office space have the tendency to share success, we also see good performance in that sector of the local market, as noted in our most recent national office report: the full-service Equivalente listing rate for office space was here about $ 57 per square foot in July. Moreover, more than 1.5 million square foot is new office space under construction, and the sale of the year to date saw the properties change for an average of almost $ 260 per square foot.
About the author / Ioana Ginsac
Ioana Gînsac is a creative writer who covers All-Things-Cre for various Yardi network publications. Topics include news and market reports, as well as sustainable development, architecture, urban design and more. Her work has been referred by publications such as Americaninno, Bisnow, Business Sinsider, Commercial Real Estate, Curbed, Fast Company, Forbes, Globest.
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