500 Collins Avenue
Miami Beach, FL

OPPORTUNITY | STRATEGY | RESULTS

OPPORTUNITY. 500 Collins Avenue was acquired by a Rabina-led partnership in 1998 as a single-level, 20,000 square foot grocery store leased, effectively until 2009, to Fleming Supermarkets. A prime site in a prime sub-market, the property is located at the entrance to the main retail corridor of South Beach in Miami, an area where historic Art Deco hotels fueled one of history’s biggest redevelopment success stories. With the exercise of the first of two renewal options, Fleming put Rabina’s redevelopment plans on hold – and locked in a rent that was significantly below market.  Next

www.500collins.com

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