Curated News
By: NewsRamp Editorial Staff
August 26, 2025
Rivani Acquires Historic Lincoln Theatre for $37M in Miami Beach
TLDR
- RIVANI acquired the historic Lincoln Theatre building for $37 million below market value, gaining prime Miami Beach real estate with 98% occupancy and premium tenants like H&M.
- The 1935 Art Deco property spans 35,240 square feet with H&M occupying 84% of the space, secured through JLL brokers and part of RIVANI's $150M Miami Beach investment strategy.
- This acquisition aims to reignite Lincoln Road as Miami's cultural heartbeat, supporting long-term community revitalization and preserving historic architecture for future generations.
- The award-winning Lincoln Theatre building, home to H&M's flagship store, represents one of nine prestigious recognitions including the ULI Visionary Project of the Year Award.
Impact - Why it Matters
This acquisition represents a significant development in Miami Beach's commercial real estate landscape, potentially revitalizing Lincoln Road as a cultural and retail destination. For local residents and businesses, Rivani's investment signals increased property values, enhanced retail opportunities, and potential economic growth in the area. The preservation and redevelopment of historic properties like the Lincoln Theatre building contribute to maintaining Miami's architectural heritage while driving modern commercial development. As major players like Rivani continue investing in prime locations, it could attract more high-profile tenants and businesses to the area, creating job opportunities and boosting the local economy. This trend of strategic acquisitions in iconic locations reflects broader patterns in urban redevelopment that can transform neighborhood dynamics and commercial viability.
Summary
Robert Rivani, the commercial real estate and hospitality visionary and President of RIVANI (formerly Black Lion), has made a landmark $37 million acquisition of the historic Lincoln Theatre building at 551 Lincoln in Miami Beach. This iconic property, famously anchored by H&M, represents a strategic move that solidifies Rivani's growing footprint in Miami Beach and signals a bold new chapter for Lincoln Road's pedestrian promenade. The acquisition follows the recent announcement that Playboy will relocate their global headquarters to RIVANI's flagship project at 1691 Michigan Avenue, demonstrating Rivani's continued momentum in transforming Miami's commercial landscape.
Secured at well below market value, the historically designated 1935 Art Deco property spans 35,240 square feet and is currently 98% leased to premier tenants including H&M, Swatch, Chilli Beans, and Tapelia Spanish Cuisine. H&M occupies approximately 84% of the building as its flagship Miami Beach store, while Swatch recently completed a full renovation and reopened in July. The property has received nine prestigious awards, including the highly coveted ULI Visionary Project of the Year Award, highlighting its significance in Miami's architectural and commercial heritage.
Rivani has amassed over $250 million of prime South Florida assets in recent years, with $150 million invested specifically in Miami Beach. His portfolio includes acclaimed destinations such as Amara at Paraiso, the upcoming GAIA, the fully leased Wynwood Jungle, and RIVANI's transformative 'Class X' office building. The sale was brokered by JLL's Danny Finkle and Evan Larh, and this acquisition appears on citybiz, showcasing Rivani's continued impact on Miami's real estate market through record-breaking deals and strategic investments that are reshaping the city's commercial and cultural landscape.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Rivani Acquires Historic Lincoln Theatre for $37M in Miami Beach
