Last week we reported that Crescent Heights is aiming to bring a CitizenM Hotel to 1212 Lincoln Road on Miami Beach. CitizenM continues to make a splash in Miami as they have purchased the Perricone's site via the entity CitizenM Miami Brickell Properties at 15 SE 10th St next to Allen Morris Park for $16.18 million. The development site is 10,965 SF and the deal reportedly includes a leaseback. It is also reported that Perricone's may open a new restaurant in the new hotel when completed. The hotel would further urbanize the fast-growing Brickell neighborhood which features Brickell Flatiron adjacent to the property, in addition to the new Brickell City Centre, Brickell Heights, SLS LUX (opening December 2017), amongst others.
