Alo Yoga is looking to activate a dead corner on Lincoln Road and Collins Avenue with a new store and private health club.
The Miami Beach Historic Preservation Board is scheduled to vote on Tuesday on Beverly Hills-based Alo Yoga’s planned renovation of a former Walgreens pharmacy on the ground-floor of the Decoplage condominium at 100 Lincoln Road. Completed in 1965, the building is not a historic structure, but the property is within Miami Beach’s Art Deco Historic District, requiring any work to be approved by the preservation board.
An entity that traces to Alo Yoga co-founders Danny Harris and Marco DeGeorge paid $17.3 million for four Decoplage commercial units last year. The popular luxury yoga and workout clothes brand counts Taylor Swift and Kendall Jenner among its A-list customers. Harris and DeGeorge also own Bella + Canvas, a t-shirt manufacturing and wholesale company.
Alo Yoga’s Miami Beach outpost would be the company’s third combined store and gym in the U.S., a March 10 letter of intent states.
The two other facilities in Los Angeles and New York feature weight rooms, infrared saunas, cold plunges, cryotherapy chambers and cafes with snack bars. New York-based Lalire March Architects is designing the renovation of Alo Yoga’s Decoplage commercial units.
The 13,480-square-foot ground-floor retail space in South Beach has been vacant for several years. In 2023, an affiliate of LoanCore Capital Credit Real Estate Investment Trust acquired the commercial units after obtaining a final foreclosure judgment against the previous owner, an affiliate of New York-based Nightingale Group. In 2021, LoanCore filed a foreclosure complaint against Nightingale for allegedly defaulting on a $30.6 million mortgage, court records show.
Alo Yoga’s Harris and DeGeorge also own a single-story retail building in the Miami Design District. The duo paid New York-based ASG Equities $22 million in late 2023 for the property at 101 Northeast 40th Street, which Alo Yoga leases.
