Retail developer Michael Comras is making a fresh bet on Miami Beach’s Lincoln Road, scooping up a cluster of buildings a decade after unloading much of his portfolio on the famed promenade.
Comras, who moved to the area from New York in the 1990s, is purchasing five lots from a Morgan Stanley real estate fund and Terranova Capital for $130 million, with the bulk of it financed by Acore Capital.