Luxury Retail on The Move To The Miami Miami Design District

 

High-End Fashion Brands on the Move to the Miami Design District

Miami will be soon getting its own version of SoHo and The Meat Packing District with the reinvention of the Miami Design District. Home to many contemporary furniture showrooms, antiques dealers, art galleries and retail spaces, the Miami Design District is poised to become a preeminent high-end fashion destination, with the announcement of more than two dozen high-fashion houses on the way, including names like Louis Vuitton, Christian Dior, Bulgari, Cartier, Hermès, Tom Ford, Pucci, De Beers, Celine, Marc by Marc Jacobs and Ermenegildo Zegna, and Burberry, to name a few.

According to the Wall Street Journal, the Design District plans call for a “three-block-long pedestrian strip anchored on either end by a plaza.” The project also calls for a boutique hotel, residential units, public art installations, and rooftop gardens. While the project will likely be completed in 2014, some retailers are now opening temporary spaces. When the project is completed, it is expected to include more than 40 or 50 luxury retail brands.

Many of these brands are moving to the Miami Design District from Bal Harbour Shops, located 10 miles north. The Design District’s central location, however, is better positioned to serve residents and visitors in South Beach and Downtown Miami. These locations have always been under-retailed, especially in the luxury sector. Accordingly, these moves are likely to prove very successful, considering that many rich tourists from South America, the US and Europe never even travel as far north as Bal Harbour.

Residents of Apogee, Continuum, Setai, W South Beach Residences, Murano at Portofino, and Icon, some of the most expensive Miami Beach Luxury Properties, are only minutes away from the Miami Design District.

The orchestration of these moves comes at the right time, given the recent reinvention of Downtown Miami. No doubt, there will be lots of demand coming from residents of Epic, Icon Brickell, 900 Biscayne, Marquis and Paramount Bay, some of the most expensive Miami Luxury Real Estate in downtown.

To read more about this, click on the links to the Wall Street Journal and Miami Herald articles.

Photography Source: Wikipedia, digital photo taken by Marc Averette

 

Posted by ricardo on 2/25/2012 | |

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