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CitizenM Coming To 1212 Lincoln After Acquiring Hotel Piece From Crescent Heights

CitizenM Coming To 1212 Lincoln After Acquiring Hotel Piece From Crescent Heights

July 6, 2020

CitizenM is coming to South Beach after the Dutch hotel group purchased the hotel portion of Crescent Height’s 1212 Lincoln at the junction of Lincoln Road and Alton Road in South Beach. CitizenM paid $9 million for the 50 room hotel which is a part of the 1212 Lincoln mixed-use project which also includes over 70,000 SF of retail and 400 parking spaces. PROFILEmiami first reported that Crescent Heights was looking to bring in CitizenM to the 1212 Lincoln project in September 2017. CitizenM also has two other hotel locations under construction in Miami including Brickell and Miami Worldcenter in Downtown.

1212 Lincoln was designed by Perkins + Will and Plaza Construction is the general contractor on the project. The hotel portion rises 12-stories and the project will also include a 5-story parking garage and a Wells Fargo Bank. Crescent Heights has proposed a rooftop movie theater which is being reviewed by the city. Newmark Knight Frank is overseeing leasing for the retail component of the project. Completion is expected by 2022.

In Acquisitions, Closed, Commercial, Hospitality, Hotels, Invest, Investment News, Miami Beach, Mixed Use, New Construction, News, South Beach, Traded Tags citizenM, citizenM US, Citizen M, CitizenM, Crescent Heights, Acquisitions, Closed, Hotels, Hotel, Hospitality, News, Commercial, Invest, Investment News, Plaza Construction, 1212 Lincoln Road, Wells Fargo Bank, Newmark Knight Frank, South Beach, Miami Beach, Traded, New Construction, Mixed Use, 1212 Lincoln, Lincoln Road, Alton Road
← Goddard Investment Group Moves To Evict WeWork From South of Fifth LocationDouglas Elliman Releases June 2020 New Signed Contracts Report for Florida →

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