At the intersection of Lincoln and Alton Roads in Miami Beach, Florida, soars a remarkable edifice: a $65-million parking garage with staggering floor heights of up to 34 feet, no exterior walls, and panoramic views of downtown, the Biscayne Bay, and the Atlantic Ocean. Designed by world-renowned architecture firm Herzog & de Meuron as an homage to Tropical Modernism, the parking garage at 1111 Lincoln Road anchors Miami developer Robert Wennett’s mixed-use project, which encompasses approximately 107,000 square feet of office space and approximately 40,000 square feet of retail space and restaurants. Office tenants include MTV and Nickelodeon Latin America, while leading retailers Alchemist Boutique, Y-3, Mac Cosmetics, and Taschen, and leading restaurateurs Juvia and Rosa Mexicano make their home there. Meanwhile, tourists and local residents amble down the lushly landscaped pedestrian mall that fronts the site.
Experienced Counsel and Strategic Services
Bilzin Sumberg Baena Price & Axelrod LLP helped Robert Wennett realize his singular vision for this formerly dormant city block. Bilzin Sumberg’s team, headed by attorneys John C. Sumberg, Adam D. Lustig, and Carter McDowell, represented Wennett’s partnership MBeach1, LLLP, in the acquisition, rezoning, and redevelopment of 1111 Lincoln Road. The multi-year project involved complex negotiation and financing strategies. Bilzin Sumberg’s multidisciplinary legal team helped Wennett streamline every aspect of the development process and overcome obstacles on the way to the completion of this landmark project.
Bilzin Sumberg’s team provided Wennett with the following services:
- Real Estate Acquisition: Handled the acquisition of the property. Negotiated with SunTrust to move their bank branch and office space from the first time floors of the office building to an adjacent parcel, enabling the project to move forward.
- Real Estate Financing: . Secured financing, including a construction loan in 2008 a refinance loan in 2011.
- Leasing: Provided leasing services from project onset to current day.
- Land Use: Acquired zoning approval from the City of Miami Beach for the 50 feet height variance required to construct the innovative parking garage design. The garage exceeded the height limits for the area in South Beach, and it is especially noteworthy that we obtained the greatest height variance ever given in the Miami Beach Historic District. Negotiated with the City to extend the Lincoln Road Pedestrian Mall, closing off the 1100 block to vehicular traffic to enhance the shopping experience.
- Construction: Drafted and negotiated construction contracts involved with building 1111 Lincoln Road’s parking structure, converting office space to retail in the existing office building and extending the pedestrian mall. By pushing architectural boundaries, Robert Wennett put Lincoln Road back on the map as a prime tourism and shopping destination.
By bringing our experienced legal counsel and strategic services to bear, Bilzin Sumberg helped Robert Wennett raise Miami Beach real estate development to new heights.
Meet Robert Wennett
“Bilzin Sumberg worked collaboratively with me to overcome every obstacle on the path to developing 1111 Lincoln Road. It’s a winning partnership that continues to this day.” - Robert Wennett
Meet Our Team
John C. Sumberg, Real Estate
Adam D. Lustig, Real Estate
Carter N. McDowell, Land Use & Zoning
Adam F. Haimo, Construction
Michael N. Kreitzer, Construction
Marshall R. Pasternack, Joint Ventures and Strategic Alliances
William W. Riley, Land Use & Zoning
Want to learn more?
- Visit the 1111 Lincoln website.
- Peruse the New York Times article.
- Check out the Vanity Fair profile and slideshow.
- View Arch Daily’s photos.
- Read Buildipedia’s in-depth coverage of the project.