The $18.4 million sale of the 22,800-square-foot retail property at 318-334 Lincoln Road equates to $808 per square foot and marks the building’s third ownership change since 2019, according to The Real Deal.
A marked increase from the prior sale
The latest purchase price is above the $13.6 million paid for the property in July 2024. A joint venture between Tricera Capital, Scott Robins and former Miami Beach Mayor Philip Levine acquired the building out of foreclosure in that transaction, which The Real Deal said resolved a foreclosure lawsuit involving Aby Rosen’s RFR Holding: The Real Deal. Traded reported the 2024 sale at $560 per square foot: Traded.
RFR affiliates had paid $20.5 million for the asset in 2019, a transaction priced at $862 per square foot and financed with a $17 million loan from Argentic Real Estate Investment LLC, according to the earlier Real Deal report: The Real Deal.
Property and financing details
Lincoln Road market context
The Lincoln Road Business Improvement District reported that the corridor attracted more than 8.1 million visitors in 2023, excluding visitors from outside the United States. The district also said that more than 8,000 of Miami Beach’s 20,000 hotel rooms are within a five-minute walk of Lincoln Road, providing broader access and visitor context without establishing occupancy or leasing performance at the purchased property, according to the Lincoln Road Business Improvement District. A separate benchmark shows how pricing can vary by property. The Real Deal reported that an 8,600-square-foot retail building at 910 Lincoln Road sold for $15 million, or $1,700 per square foot, on April 27, 2026. That property is substantially smaller and carries a different address from 318-334 Lincoln Road, limiting the direct comparability of the two transactions: The Real Deal.
The single-story structure was built in 1945 on a 17,250-square-foot lot, according to the Compass property record: Compass Real Estate. The building is next to a CVS in the center of Miami Beach’s commercial district.
The seller in the latest deal was an affiliate of Robins Companies led by Scott Robins, who is the brother of developer Craig Robins. Tabani obtained a $12.9 million acquisition loan from Goldman Sachs, according to The Real Deal’s transaction report: The Real Deal.
Mr. Jones is a major tenant
Mr. Jones is a major tenant at the property. The South Beach nightclub has hosted performers including 50 Cent, Future and Rick Ross, while The Real Deal reported that Drake and Chris Brown were seen at the venue in 2019 during production of the “No Guidance” music video nearby: The Real Deal.
Tabani’s South Florida expansion
The Lincoln Road acquisition follows Tabani Group’s July purchase of the 39,000-square-foot Wynwood Jungle retail plaza from Robert Rivani for $25.7 million. Commercial Observer reported that Frost Bank provided a $15.7 million mortgage for that transaction: Commercial Observer.
A separate report said Wynwood Jungle was about 50 percent vacant, with approximately 21,355 square feet available, and identified The Salty and Häagen-Dazs among its tenants: CRE-sources.
Founded in 1981 by Zaffar Tabani, the family firm is led by Humza, Hatim, Muneeb and Abdul Wasay Tabani. The Real Deal reported that the company’s portfolio is valued at about $1 billion and spans roughly 10 million square feet of residential, hotel and commercial properties nationwide, including Abacoa Town Center in Jupiter, Baldwin Park Village in Orlando and Park Lane in Gainesville: The Real Deal.
