Story Highlights
- City Food Hall leases former Time Out Market space in Miami Beach.
- The 20,877-square-foot location will open in summer 2026.
- Lincoln Road undergoes $29 million city-led infrastructure project.
City Food Hall has signed a lease for the former Time Out Market space in Miami Beach, marking the company’s latest expansion in Florida.
The 20,877-square-foot location at 420 Lincoln Road was announced Nov. 3. Time Out Market closed in June 2023 after four years in operation. Its successor, South Beach Food Hall, opened in the space the following month but shuttered in January 2024. The property has remained vacant since.
The lease was brokered by Comras Company, a Miami Beach–based commercial real estate firm, which has been active along Lincoln Road for decades. Comras Senior Director of Retail Sales and Leasing Irma Figueroa represented the tenant, while Dillon Maya of Avenue Real Estate Partners represented the landlord.
City Food Hall, headquartered in Miami, operates food halls in Gainesville and Orlando, and has additional locations underway in Las Vegas and Athens, Georgia. The Miami Beach site is expected to open in summer 2026 with a lineup of chef-driven vendors and all-day dining.
“We are thrilled to be part of the rebirth of Lincoln Road and South Beach,” City Food Hall Founder and CEO Peter Rounce said in a statement. “Our vision is to create an elevated culinary experience that celebrates diversity and excellence, tailored to a discerning customer base.”
The announcement comes as Lincoln Road undergoes a $29 million city-led infrastructure project that includes upgraded sidewalks, lighting, landscaping and outdoor seating.
While the outdoor pedestrian mall has attracted several new tenants in recent years, the corner at 420 Lincoln Road sits off the main stretch at 16th Street and Drexel Avenue, a location that gets less foot traffic than the central corridor.
Lincoln Road and Miami Beach as a whole reportedly draw about 8.4 million visitors per year, according to data from the Lincoln Road Business Improvement District and the Miami Beach Visitor and Convention Authority. Analysts estimate that tourism level generates about $18 billion in economic impact.
Miami Beach has a year-round population of roughly 83,250 residents with a median household income of about $71,073, according to U.S. Census estimates. Those local residents—along with the city’s tourism base—are expected to make up much of City Food Hall’s customer traffic when the site opens.
Cortney Danielle Moore, BizJournals
Read more here: bizjournals.com
