Friday, February 5, 2010

Miami apartments for sale, Miami real estate

Lincoln Theatre to be converted into retail space in Miami Beach

The New World Symphony, whose new home is under construction, will sell the historic Lincoln Theatre to investors who will convert into retail spaces in Miami Beach.

A group of Miami Beach real estate investors will finalize their purchase of the Lincoln Theatre and have plans to convert the historic building into retail spaces in Miami Beach.

An affiliate of Savitar Realty Advisors of Miami Beach is buying the building from the New World Symphony, Architect Frank Gehry is in the process of constructing The New World Symphony’ new home. Details for the 38,000-square-foot Miami Beach real estate property on Lincoln Road Mall were not disclosed.

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