Curated News
By: NewsRamp Editorial Staff
November 26, 2025
$117M Financing Secured for Miami Beach's NoLi Transformation
TLDR
- Comras Company secured $117 million financing to acquire Lincoln Road properties, creating first-mover advantage in developing NoLi's premium retail destination before competitors.
- Ackerman & Co arranged $117 million financing for Comras to acquire five buildings totaling 150,000 square feet for redevelopment into 40+ retail spaces by Q1 2027.
- The NoLi redevelopment combined with $30 million in city streetscape upgrades will create vibrant public spaces with improved lighting and expanded sidewalks for community enjoyment.
- Lincoln Road's transformation into NoLi will feature a curated blend of boutique retail, dining, and wellness concepts across five newly acquired historic buildings.
Impact - Why it Matters
This development signals a major upgrade to one of South Florida's most iconic shopping destinations, potentially raising property values and attracting premium retailers while creating new dining and lifestyle options for residents and tourists. The timing with city infrastructure improvements suggests coordinated urban revitalization that could set new standards for pedestrian-friendly retail environments in the region.
Summary
A major transformation is coming to Miami Beach's iconic Lincoln Road as Comras Company secures $117 million in financing through Ackerman & Co. to acquire and redevelop five key properties into NoLi, a newly curated retail, dining and lifestyle destination. Jonathan Rice, Executive Vice President of Capital Markets for Ackerman & Co., arranged the substantial financing package with ACORE Capital, enabling Comras to purchase the buildings from affiliates of Morgan Stanley and Terranova Corp. This represents another significant development partnership between Comras Company and Ackerman & Co., building on their successful track record of transformative projects throughout South Florida.
The ambitious NoLi development will transform 150,000 square feet across properties at 600-612, 719-737, 741 and 801 Lincoln Road and 723 N. Lincoln Lane into more than 40 inline retail spaces featuring a carefully curated blend of boutique retail, dining, wellness and lifestyle concepts. Comras Company, founded by Michael Comras in 1992, has been a driving force behind South Florida's most desirable commercial districts, with expertise spanning project planning, site identification, marketing, leasing, joint venture development and sales. The firm's impressive portfolio includes shaping iconic destinations like Lincoln Road, Wynwood, Miami Design District, and the successful CocoWalk redevelopment in Coconut Grove, while completing transactions with global retail leaders including Apple, Nike, and Sephora.
The timing coincides perfectly with nearly $30 million in city-funded streetscape upgrades that will enhance Lincoln Road with fresh landscaping, additional outdoor seating, improved lighting and expanded sidewalks. Ackerman & Co., headquartered in Atlanta, brings extensive commercial real estate expertise as a full-service firm that has developed and acquired 44 million square feet of space across office, medical, industrial, retail and mixed-use properties. With plans targeting a first quarter 2027 opening, NoLi represents the latest chapter in Comras Company's mission of "Redefining Retail" while continuing their legacy of transforming South Florida's most prominent commercial corridors into world-class destinations. For more information about Ackerman & Co.'s capabilities, visit www.ackermanco.com.
Source Statement
This curated news summary relied on content disributed by 24-7 Press Release. Read the original source here, $117M Financing Secured for Miami Beach's NoLi Transformation
