RETAIL SPACES FOR LEASE 80 NE 40 ST - LoopNet€¦ · roberto coin miu miu dior. address: for more...

80 NE 40 STMIAMI DESIGN DISTRICT

RETAIL SPACES FOR LEASE

Luxury doesn’t work everywhere. Luxury is selective. No other mall has the tenant pedigree and luxury roster that the Design District has amalgamated.

The Design District is a World Class, comprehensive neighborhood development that differentiates from any other. It’s the development of a neighborhood. It’s the reurbanization of the center of Miami and the reversal of urban sprawl.

The Design District is a retail center that can support 24/7, vibrant, & sustainable lifestyle and shopping experiences.

The Design District has become highly sought after by tenants, developers, & investors from around the world. When you look at the Design District as a development, it’s an urban, walkable, lifestyle destination featuring World Class Architecture defining The Third Place.

The First Place is where you live. The Second Place is where you work. The Third Place is where you spend the rest of your time.

The Design District will be a nexus, a hub, a Third Place for everything encompassing art, design, shopping, entertainment, and celebration. Different from Super Regional and Goliath Malls that scatter suburbia, The Design District was not designed for every customer, but for a very select customer.

ADDRESS:

FOR MORE INFO CONTACT:

80 NE 40th Street | Miami | FL

PROCURING BROKER SHALL ONLY BE ENTITLED TO A COMMISSION, CALCULATED IN ACCORDANCE WITH THE RATES APPROVED BY OUR PRINCIPAL ONLY IF SUCH PROCURING BROKER EXECUTES A BROKERAGE AGREEMENT ACCEPTABLE TO US AND OUR PRINCIPAL AND THE CONDITIONS AS SET FORTH IN THE BROKERAGE AGREEMENT ARE FULLY AND UNCONDITIONALLY SATISFIED. ALTHOUGH ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL, OR FINANCING IS FROM SOURCES DEEMED RELIABLE, SUCH INFORMATION HAS NOT BEEN VERIFIED AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE AND TO ANY SPECIAL CONDITIONS IMPOSED BY OUR PRINCIPAL.

80 NE 40 ST

Tony [email protected]

David [email protected] 917.882.8772

Devlin [email protected]

Property Address: 80 NE 40 ST, Miami FL 33137Asking Price: $175 PSF NNNBuilding Size: 5,343 SFLot Size: 7,500 SFZoning: T5-O Property Type: Retail

Property Description:

Unique retail building located in the heart of Miami’s Design District. With the complete renovation currently underway, 80 NE 40 ST will feature a striking design that reminds us of the Fifth Ave Apple store Glass Box in Manhattan. Directly across from Zadig & Voltaire and HELMUT LANG &Theory, this building will definitely be an icon in the Evolving Design DIstrict. Call us for leasing opportunities.

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80 NE 40 ST




RETAIL

HIGHLIGHTS:

Asking Rate: $175 PSF

Nearby tenants include Theory, Zadig & Voltaire

Zoning: T5-OImpact Glass StorefrontsCompletely renovated Facade

Lease Type: NNN

Frontage to highly desired 40th Street

5,343 SF Total SFSIZE:

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ADDITIONAL INFORMATION:

FLOOR PLAN & RATES

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80 NE 40 ST




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CONTEXT MAP

SUBJECTPROPERTY

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80 NE 40 ST




FASHION

EN AVANCE

MAISON MARGIELA

PRADA

EMILIO PUCCI CHRISTIAN LOUBOUTIN MEN’S

MARNI

LOUIS VUITTON

I ON THE DISTRICT CHRISTIAN LOUBOUTIN

CELINECARTIER

DIOR HOMME

ROLEX LONGCHAMP

BERLUTIHERMES

THE BAZAAR BILLIONAIRE CHERNAYA BRIDAL

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80 NE 40 ST




RICK OWENS

TOURBILLON

CHROME HEARTS

JAEGER LE COULTRE A. LANGE & SOHNE

RIMOWA V73LANVIN

VACHERON

PIAGET GIORGIO ARMANI

IWCBVLGARI

ECJ LUXE FENDI

ULYSSE NARDIN

MRKT PM

ROBERTO COIN DIORMIU MIU

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80 NE 40 ST




MARC JACOBS

VALENTINO

VERSACE

VHERNIER PARMIGIANI FLEURIER

HUBLOT

MAX MARA

BURBERRY OMEGA

TIFFANY & COERMENEGILDO ZEGNA

ZADIG & VOLTAIRE

JASON OF BEVERLY HILLS YVEL

TAG HEUERTOM FORD

LOEWE GIVENCHY PANERAI HARRY WINSTON

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80 NE 40 ST




ALEXANDER WANG

COMING SOON COMING SOON COMING SOON COMING SOON

ALICE & OLIVIA COS GUCCI

ISABEL MARANT

SAINT LAURENT

COMING SOON

COMING SOON

COMING SOON

COMING SOON

COMING SOON

COMING SOON

COMING SOON

COMING SOON

LA BOUTIQUE

SEVAN BICAKCI

LORO PIANA MM6

TOD’SST LOUIS CRYSTAL

TORY BURCH

COMING SOON

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80 NE 40 ST




MICHAEL’S GENUINE

CRUMB ON PARCHMENT

CYPRESS TAVERN

ELLA LADUREE

BUENA VISTA DELI

HARRY’S PIZZERIA

BUENA VISTA BISTRO LEMONI CAFE

MANDOLINMC KITCHEN

MERCATO

DUSK

ABC KITCHEN

ABACOB SWEET

COMING SOON

ESTEFAN KITCHEN

COMING SOON COMING SOON COMING SOON

L’ATELIER DE JOEL ROBUCHON SMILE TO GO

RESTAURANTS & BARS

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80 NE 40 ST




MAMAN FINE ART

FLY’S EYE DOME

2X4: VORTEX, 2014 2X4: JUNGLE, 2014

DE LA CRUZ COLLECTION

MARKOWICZ FINE ART

HAITIAN HERITAGE MUSEUM SWAMPSPACE

MARC NEWSON: DASH FENCEGALLERIA CA’D’ORO

NETSCAPE, 2010

INSTITUTE OF CONTEMPORARY ART MIAMI LE CORBUSIER

ZAHA HADID: ELASTIKASOU FUJIMOTO

LOCUST PROJECTS BOSSA GALLERY ROBERT CURRAN GALLERYMORA STUDIO

ART

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80 NE 40 ST




JOHN BALDESARI FUN PART I

FINE ART AUCTIONS MIAMI

JOHN BALDESARI FUN PART II AFTER LIGHT OPERA GALLERY

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80 NE 40 ST




LINEA STUDIO

BROWN JORDAN

VERSACE HOME BANG OLUFSEN

MODERN HOME

MAISON MONTAIGNE

SIMONAS LARTE KITCHEN LIVING

ITALICAMBLANCO STONE GALLERY

NATUZZI ITALIA

LUXURY LIVING SHOWROOM MITCHELL GOLD BOB WILLIAMS

LLADROLEMA

BULTHAUP NIBA HOME WATERWORKSSUSANE R LIFESTYLE BOUTIQUE

DESIGN

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80 NE 40 ST




ONE OF A KIND

ARCLINEA

JALAN JALAN

MODUS MIAMI CHRISTIAN LIAIGRE

ANN SACKS

HENGE LISTONE GIORDANO

GALILEE LIGHTING MAXALTO

FLORCRESCENT GARDEN

MINNOTTI MIAMI

DESIGN WITHIN REACH ARMANI / CASA

DESIGNERS TILEPIANETA LEGNO

JANUT ET CIE LUXE CABLE LIGHT ADRIANA HOYOSHAUSSCAPE

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80 NE 40 ST




SPAZIO DI CASA

BISAZZA

LUXURY LIVING FLAGSHIP

LIGNE ROSET THE RUG COMPANY

MICHAEL DAWKINS HOME

THREADCOUNT

NIBA COLLECTIONS JONATHAN ADLER

POLIFORM USAHOLLY HUNT

LUMINAIRE LAB

POLTRONA FRAU GROUP KARTELL

ORNAREINTERNUM AND DESIGN

JANUT ET CIE LUXE CABLE LIGHT ADRIANA HOYOSHAUSSCAPE

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80 NE 40 ST




EMILIO ROBBA

OGGETTI AMIR RUG

CERAMIC MATRIX DECORATOR’S PLUMBING IVETTE ARANGO DESIGN

ORLEAN

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80 NE 40 ST




EMENA SPA

CAROUSEL STUDIOS

FEMME COIFFURE HAIR SALON DBC FITNESS

CHARIFF REALTY GROUP

BUSHRENZ

OPPENHEIM ARCHITECTS MIAMI MAGAZINE

DASHBRIDGE HOUSE EVENTS

BUENA VISTA POST OFFICE

DEJA VU AUDIO SOUTH SIINC

MIAMI CENTER FOR PLASTIC S.MIAMI CENTER FOR PLASTIC S.

THE PERFECT SOUND & SHADE SHULMAN + ASSOCIATES SEW ON SET TAILOR RS3 DESIGNS

SERVICES

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80 NE 40 ST




SERVICES

RE/MAX REALTY 1 AESOP AHANA YOGA STUDIOQUINTESSENTIALLY

COMING SOON COMING SOON

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80 NE 40 ST




PHOTO GALLERY

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80 NE 40 ST





MARKET OVERVIEWDESIGN DISTRICT

The Design District is one of the fastest-growing luxury high street retail markets in the United States. Once made up of shuttered warehouses and facing urban decay, it has undergone a remarkable transformation into a center for fashion, luxury, art, design, and culture, inviting diverse groups of locals and tourists attracted by the unique vibrancy of the area’s restaurants, boutiques, and galleries.

Since the mid-1990’s, Craig Robins recognized the potential of The Miami Design District and started to acquire buildings in the neighborhood, and curate furniture and design brands and juxtapose them with art galleries, fine restaurants and creative users.

Elements that made the District so attractive were its pedestrian-friendly environment, easy access to the highway that connects Miami to Miami Beach and the Miami International Airport, proximity Downtown Miami, and the great visibility from the highway.

ADDRESS:




80 NE 40 ST





2008-2010 – DACRA acquires the second round of properties in the district focusing on creating a unified portfolio of properties.

May 2011 – Dacra files for a Special Area Plan for the Design District., requiring the applicants to have 9 acres or more of contiguous land and allows the applicant to modify the zoning in place. Dacra took advantage of this opportunity so that they could change the use and density for the portfolio of properties. The development proposed in the Sap was estimated to cost approximately $312 million exclusive of land costs and developer fees.

Mid 1990’S - 2010 – DACRA/ Craig Robbins begins acquiring large buildings in the district at $20 PSF and starts curating design, and

furniture art tenants. He holds these assets and

focuses in promoting the Design District as a

destination. --- Buildings at that time without inflation

were being bought for $20-30 PSF.

December 2010 – Dacra partners with L Real Estate, The real estate and capital arm of LVMH, the French Multinational luxury goods conglomerate, forming Design District Partners. The partnership was structured in the following manner: LVMH acquired 50% of Dacra’s real estate portfolio. The portfolio was comprised of 18 existing buildings and two development sites totaling 457,533 SF of active Retail space and development rights several million of additional SF.

October 2014 – General Growth Properties and Ashkenazy Acquisition Corp. acquired a 20 percent stake in the Miami Design District. The companies paid $280 million thus valuing the project at $1.4 billion.

DESIGN DISTRICT DEVELOPMENT TIMELINE


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80 NE 40 ST






DEVELOPMENT PHASES SUMMARY

Phase I – In order to accommodate the brands migration out of Bal Harbour Shops, portions of NE 40th ST are renovated and 10 stores open up new stores including: Luis Vuitton, Hermes, Dior, Cartier, Rolex, Prada, Celine, Christian Louboutin.

Phase II – This phase consists of the renovation of 75,000 SF of existing space and the addition of approximately 240,000 SF of new retail space. On July of 2013 Dacra obtained a $302M loan, which in part is destined for construction of part of the new phases.

Phase III - The third phase is currently being planned and is expected to come online by 2016. By then the district is expected to house more than 120 luxury retailers, a boutique hotel, 15 to 20 restaurants, and multiple luxury condominiums. This future expansion could result in Dacra owning 1.2 million SF with the potential of adding an additional 2 million SF of space.

OTHER PROJECTS BEING DEVELOPED IN THE MIAMI DESIGN DISTRICT:

As the Dacra project constantly evolves other players have entered the marketplace and have been acquiring properties within the district including Thor Equities and Richard Lefrak, which have acquired approximately $75 million worth of properties on the West Side of the District. The new Design District has tremendously increased value and investment in the surrounding neighborhoods of Wynwood, Upper East Side, and Little River.

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80 NE 40 ST





80 NE 40 STMIAMI DESIGN DISTRICT

RETAIL SPACES FOR LEASE

RETAIL SPACES FOR LEASE 80 NE 40 ST - LoopNet€¦ · roberto coin miu miu dior. address: for more...

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