Design 41 In Miami Design District Now Fully Leased After Swiss Watch Company Breitling Opens New Boutique

Design 41 in Miami Design District is now fully leased after Breitling signed a lease and opened a 1,832-square-foot boutique on the district’s prime Northeast 41st Street corridor. The 112 NE 41st St. store will showcase the latest watches modeled by Breitling’s “Spotlight Squad,” which includes Charlize Theron and Misty Copeland. Other tenants that have opened in Design 41 include bespoke perfumery Bond No. 9 New York, Rosenfeld Gallery – which only has one other location in New York City, and the first U.S. flagship store for Argentine leather goods brand Gaucho.

The lease was overseen by DWNTWN Realty Advisors Co-Founder and Managing Partner Tony Arellano and Executive Joe Fernandez, who represented the landlord to lease the entire 40,000-square-foot building. Design 41 was developed by Design District Development Partners.

“It is fitting that Breitling moves into the final available space on this important block and joins some of the world’s most luxurious retailers, such as Louis Vuitton, Ermenegildo Zegna, Tiffany & Co. and Burberry, in the Design District,” Arellano said. “We are proud of our role in leasing up Design 41 and helping the entire neighborhood reach its full potential.”

“We drew upon our unique knowledge of the neighborhood and strong relationships to accomplish a successful lease-up of Design 41,” Fernandez said. “Breitling’s new store there will undoubtedly rival its top-performing boutiques in major U.S. markets.”

Arellano and DWNTWN Co-Founder Marinoff have also played a pivotal role in Miami Design District’s evolution. Over the last seven years, the brokers have completed 22 transactions totaling more than $205 million in the neighborhood’s four-block pedestrian core. These sales represent most of the district transactions not involving Dacra’s assemblage, filling the gaps around the district’s core and making DWNTWN the neighborhood’s market leaders.

Check-Out The New Gucci Flagship Boutique Now Open In Miami Design District

During Art Basel PROFILEmiami got an exclusive first look at Miami's newest Gucci store which opened last month in the fast growing, fashion hotspot Miami Design District. The MDD location will become Gucci's Miami flagship and will also feature the full Gucci Décor collection available for sale. The store is located at 139 NE 41st Street and serves as a gateway to MDD's new Paradise Plaza. The two-floor boutique covers 4,700 SF and reflects Gucci's new design concept by Creative Director Alessandro Michele including a marble encased exterior façade complete with pistachio-green-washed industrial metal rivet accents, paying homage to classic Gucci design. Adjacent is a custom Coco Capitán mural painted exclusively for Gucci's MDD location which also is featured on a two piece collaboration consisting of a drawstring backpack and belt bag that are exclusively available at the MDD boutique. Inside, a red velvet wrapped, lacquered wood staircase has already become an Instagram icon along with European White Oak floors, marble polychrome inlay carpets, varnished iron wall finishes, and Gucci Décor accents including velvet armchairs and couches. Upstairs features a custom VIP lounge complete with pink fabric walls and a marble mosaic floor which houses limited edition and exclusive pieces available for purchase. The Gucci boutique at MDD is currently showcasing the complete collection of men’s and women’s ready-to-wear, handbags, shoes, jewelry, and accessories for Fall Winter 2017, Cruise 2018, as well as Gucci Décor.

Craig Robins Announces That Sales In The Miami Design District Are Up 40% In Past 6 Months As New Stores Open

Just before Art Basel, celebrity developer Craig Robins, founder and CEO of Dacra as well as Design Miami, has announced that Miami Design District has nearly doubled in size with the opening of several new buildings and stores including Rag & Bone. For the past 3 years, the district was only half-open, offering some of Miami's finest shopping with stunning designed buildings and beautiful walking streets. Miami Design District was on the way, but as Robins is building an entire new part of the city from a formerly desolate Little Haiti area, great things take time. Now, he explains, Miami Design District is starting to come into its own and for the first time shoppers and visitors can see "its full offering." Robins holds that retail sales in Dacra's Miami Design District properties have increase 40% in the past 6 months. The next stage will be the opening of 10 new restaurants including Ember and Kaido (restaurant by Chef Brad Kilgore), St. Roch Market (food hall), L’Atelier by Joël Robuchon (fine dining), Le Sushi by Joël Robuchon (Japanese), Le Bar by Joël Robuchon (lounge), Le Boutique by Joël Robuchon (bakery), Blue Bottle Coffee, and Roberta’s pizza. Also opening soon will be the Institute of Contemporary Art (museum), Gucci, Aesop, Creed, Empresa, Dolce & Gabbana, Celine, Joseph, Eres, Ralph & Russo, and Museum Garage which will bring 800 parking spaces. Some of the brands will be moving from their temporary locations to the final, permanent locations.  

Paradise Plaza, the open-air northern anchor of Miami Design District which is located 2 blocks north of Palm Court, will open in late November with many of the restaurants still finishing buildouts which are expected to open in December and January. Gwyneth Paltrow’s Goop GIFT is already open in Paradise Plaza, which will offer more dining options than Palm Court. Connecting Paradise Plaza to Palm Court will be Paseo Ponti, an art-lined walkway which also features the already open OTL (cafe), Cartier and Hermès, amongst others. Also opening in early 2018 will be the Museum Garage which will have spots for 800 cars and will feature eccentric art installations by 5 different artists as the facade. Robins is expected to announce the Sweetbird North Hotel in the next few months. Stay tuned to PROFILEmiami for the most up-to-date coverage of Miami Design District. 

Area 41 Secures Financing and Moves Forward

Design District's Area 41 is moving forward after securing financing with a $24.3 million loan from LA based Canyon Partners. Design District Development Partners project located at 112 NE 41st St. will be a 7 story, 8,082 SF mixed-use commercial development. It includes 10,000 SF of showroom and retail space, 20,000 SF of office space and a rooftop restaurant/ lounge. A rift between developers Benjamin Norton of Design District Development Partners and Asi Cymbal almost ruined the project earlier this year but was settled confidentially. Tenants are yet to be announced and leasing will be handled by Chariff Realty Group. First reported by The Real Deal.