Robert Khodadadian – Skyline Properties Candy Shop IT’SUGAR To Replace Dylan’s Candy Bar on Lincoln Road
BBX Capital — a private equity firm that purchased the candy store chain and is also active as a developer in South Florida — signed a 2,751-square-foot lease at 801 Lincoln Road, a three-story building adjacent to Meridian Avenue, according to landlord Stephen Bittel’s Terranova Corporation. The deal is for a five-year term.
The chain replaces another candy store, Dylan’s Candy Bar, which closed in 2021. IT’SUGAR’s Lincoln Road location is scheduled to open in November. The company, which is headquartered in Fort Lauderdale, counts over 100 locations across the U.S. and Canada.
On Lincoln Road, Coral Gables-based Terranova owns seven properties, which amounts to over 137,411 square feet of leasable space. Last week, Salt and Straw, an artisanal ice cream maker, opened a 1,525-square-foot outpost at another Terranova-owned property on Lincoln Road.
For over five months, the owners of the Ritz-Carlton and Sagamore, hotels located along Lincoln Road and the beach, have been negotiating with the City of Miami Beach to extend the pedestrian-only portion of the street two more blocks in return for approval to build a 15-story condo building onto the properties.
IT’SUGAR is the latest tenant to take a sweet trip to Lincoln Road, Miami Beach’s shopping promenade. BBX Capital — a private equity firm that purchased the candy store chain and is also active as a developer in South Florida — signed a 2,751-square-foot lease at 801 Lincoln Road, a three-story building adjacent to Meridian Channel, Leases, Retail, IT’SUGAR, Lincoln Road, Florida, South Florida, Miami Beach, South Beach, BBX Capital, Terranova Corporation
Lead by real estate veteran Robert Khodadadian, Skyline Properties has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.