RETAIL SPACES FOR LEASE 80 NE 40 ST MIAMI DESIGN DISTRICT

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1 RETAIL SPACES FOR LEASE MIAMI DESIGN DISTRICT

2 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.

3 Property Address:, Miami FL Asking Price: $175 PSF NNN Building Size: 5,343 SF Lot Size: 7,500 SF Zoning: 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, 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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5 FLOOR PLAN & RATES RETAIL SIZE: 5,343 SF Total SF Asking Rate: Lease Type: Zoning: Impact Glass Storefronts Completely renovated Facade $175 PSF NNN T5-O HIGHLIGHTS: Nearby tenants include Theory, Zadig & Voltaire Frontage to highly desired 40th Street ADDITIONAL INFORMATION:

6 CONTEXT MAP SUBJECT PROPERTY ADDITIONAL INFORMATION:

7 DACRA

8 FASHION MARNI I ON THE DISTRICT CHRISTIAN LOUBOUTIN MAISON MARGIELA LOUIS VUITTON CARTIER CELINE PRADA DIOR HOMME HERMES BERLUTI EMILIO PUCCI CHRISTIAN LOUBOUTIN MEN S ROLEX LONGCHAMP EN AVANCE THE BAZAAR BILLIONAIRE CHERNAYA BRIDAL

9 TOURBILLON RIMOWA LANVIN V73 CHROME HEARTS VACHERON BVLGARI IWC JAEGER LE COULTRE A. LANGE & SOHNE PIAGET GIORGIO ARMANI RICK OWENS ECJ LUXE FENDI MRKT PM ULYSSE NARDIN ROBERTO COIN MIU MIU DIOR

10 MARC JACOBS HUBLOT BURBERRY OMEGA VALENTINO MAX MARA ERMENEGILDO ZEGNA TIFFANY & CO VERSACE ZADIG & VOLTAIRE TOM FORD TAG HEUER VHERNIER PARMIGIANI FLEURIER JASON OF BEVERLY HILLS YVEL LOEWE GIVENCHY PANERAI HARRY WINSTON

11 COMING SOON COMING SOON COMING SOON COMING SOON ISABEL MARANT COMING SOON LA BOUTIQUE COMING SOON LORO PIANA COMING SOON MM6 COMING SOON SAINT LAURENT SEVAN BICAKCI ST LOUIS CRYSTAL TOD S COMING SOON COMING SOON COMING SOON COMING SOON ALEXANDER WANG COMING SOON ALICE & OLIVIA COS GUCCI TORY BURCH

12 RESTAURANTS & BARS BUENA VISTA DELI BUENA VISTA BISTRO LEMONI CAFE CRUMB ON PARCHMENT HARRY S PIZZERIA MC KITCHEN MANDOLIN CYPRESS TAVERN MERCATO B SWEET ABACO ELLA LADUREE DUSK COMING SOON COMING SOON COMING SOON MICHAEL S GENUINE COMING SOON ESTEFAN KITCHEN L ATELIER DE JOEL ROBUCHON SMILE TO GO ABC KITCHEN

13 ART DE LA CRUZ COLLECTION HAITIAN HERITAGE MUSEUM SWAMPSPACE MAMAN FINE ART MARKOWICZ FINE ART GALLERIA CA D ORO MARC NEWSON: DASH FENCE FLY S EYE DOME NETSCAPE, 2010 SOU FUJIMOTO ZAHA HADID: ELASTIKA 2X4: VORTEX, X4: JUNGLE, 2014 INSTITUTE OF CONTEMPORARY ART MIAMI LE CORBUSIER LOCUST PROJECTS BOSSA GALLERY MORA STUDIO ROBERT CURRAN GALLERY

14 JOHN BALDESARI FUN PART I JOHN BALDESARI FUN PART II AFTER LIGHT OPERA GALLERY FINE ART AUCTIONS MIAMI

15 DESIGN MODERN HOME SIMONAS LARTE KITCHEN LIVING LINEA STUDIO MAISON MONTAIGNE BLANCO STONE GALLERY ITALICAM BROWN JORDAN NATUZZI ITALIA LEMA LLADRO VERSACE HOME BANG OLUFSEN LUXURY LIVING SHOWROOM MITCHELL GOLD BOB WILLIAMS BULTHAUP NIBA HOME SUSANE R LIFESTYLE BOUTIQUE WATERWORKS

16 ONE OF A KIND ANN SACKS GALILEE LIGHTING MAXALTO ARCLINEA HENGE LISTONE GIORDANO CRESCENT GARDEN FLOR JALAN JALAN MINNOTTI MIAMI PIANETA LEGNO DESIGNERS TILE MODUS MIAMI CHRISTIAN LIAIGRE DESIGN WITHIN REACH ARMANI / CASA JANUT ET CIE LUXE CABLE LIGHT HAUSSCAPE ADRIANA HOYOS

17 SPAZIO DI CASA MICHAEL DAWKINS HOME NIBA COLLECTIONS JONATHAN ADLER BISAZZA THREADCOUNT HOLLY HUNT POLIFORM USA LUXURY LIVING FLAGSHIP LUMINAIRE LAB INTERNUM AND DESIGN ORNARE LIGNE ROSET THE RUG COMPANY POLTRONA FRAU GROUP KARTELL JANUT ET CIE LUXE CABLE LIGHT HAUSSCAPE ADRIANA HOYOS

18 EMILIO ROBBA CERAMIC MATRIX DECORATOR S PLUMBING IVETTE ARANGO DESIGN OGGETTI AMIR RUG ORLEAN

19 SERVICES CHARIFF REALTY GROUP OPPENHEIM ARCHITECTS MIAMI MAGAZINE EMENA SPA BUSHRENZ BRIDGE HOUSE EVENTS DASH CAROUSEL STUDIOS BUENA VISTA POST OFFICE MIAMI CENTER FOR PLASTIC S. MIAMI CENTER FOR PLASTIC S. FEMME COIFFURE HAIR SALON DBC FITNESS DEJA VU AUDIO SOUTH SIINC THE PERFECT SOUND & SHADE SHULMAN + ASSOCIATES SEW ON SET TAILOR RS3 DESIGNS

20 SERVICES COMING SOON COMING SOON QUINTESSENTIALLY RE/MAX REALTY 1 AESOP AHANA YOGA STUDIO

21 PHOTO GALLERY

22 MARKET OVERVIEW DESIGN 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 pedestrianfriendly 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. ADDITIONAL INFORMATION:

23 MARKET OVERVIEW DESIGN DISTRICT DESIGN DISTRICT DEVELOPMENT TIMELINE 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 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. ADDITIONAL INFORMATION:

24 MARKET OVERVIEW DESIGN DISTRICT 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 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. ADDITIONAL INFORMATION:

25 RETAIL SPACES FOR LEASE MIAMI DESIGN DISTRICT ADDITIONAL INFORMATION: