The retail and financial sector has been at the center of Miami’s leasing action lately.
Here’s a look at some of the most notable newly signed contracts:
Savage X Fenty, Lululemon, Ray-Ban, Posman Books I Miami Worldcenter
Rihanna’s lingerie brand, Savage X Fenty, is among the recently signed tenants in the Miami Worldcenter mixed-use development downtown.
The homewear and apparel retailer will open its first store in Florida in
3,000 square feet in the project’s completed Paramount condominium tower, according to a Miami Worldcenter press release.
Lululemon took 3,800 square feet and Ray-Ban took 2,000 square feet, both along the Northeast Seventh Street pedestrian promenade and World Square Plaza. Posman Books, an independent bookstore, has taken up 2,000 square feet along the World Promenade at the base of the Paramount Tower.
Stores are expected to open next year.
The master developers of the 27-acre, $4 billion Miami Worldcenter are Art Falcone and Nitin Motwani, in partnership with CIM Group.
CIM and Michael Comras’ Comras Company are leading the development’s commercial leasing.
Completed portions of the project include the Caoba and Bezel Miami apartment towers and 175,000 square feet of retail. Miami Worldcenter projects under development are the 351-key citizenM hotel, which is expected to open by the end of the year; 125,000 square feet of retail space; the 52-story Miami World Towers, which will have apartments; the 50-story Legacy Hotel & Residences with 310 condos and 50,000 square feet of medical offices; and a second Caoba tower that will rise 40 stories and have 420 apartments.
Additional rounds are planned. They include the 450-unit condo The Crosby from Related Group and Merrimac Ventures, the pair of supertalls from the Naftali Group and the pair of supertalls from the Witkoff Group.
Yoyoso, Salt & Straw, Plus I Lincoln Road I Miami Beach
Miami Beach’s famous pedestrian street, Lincoln Road, has several new tenants.
Chinese fast fashion and leisure department store Yoyoso has opened its third U.S. location in a 5,600 square foot space at 1119 Lincoln Road, according to a press release. The retailer, founded in 2014 by Huan MA, has 1,000 stores worldwide, including in New York and New Jersey.
The Yoyoso Miami Beach outpost is part of the 1111 Lincoln mixed-use garage, which CBRE Global Investors and German investment firm Universal-Investment bought in 2017 for $283 million. The deal included an adjacent property.
Oregon-based ice cream store Salt & Straw signed a seven-year lease for 1,500 square feet of space at 749 Lincoln Road, according to a statement from the owner. Terranova Corporation by Stephen Bittel owns the two-story building.
Salt & Straw already has locations in Miami’s Wynwood and Coconut Grove neighborhoods.
Others that have recently opened on Lincoln include women’s retailer Mango, which has taken up 4,600 square feet at 1036 Lincoln Road, and furniture and home decor store West Elm, which has taken up 10,000 square feet at 1691 Michigan Avenue. .
Others on tap are: Louise James Boutique at 811 Lincoln Road, Express Edit at 904 Lincoln Road, Cheesecake Factory at 600 Lincoln Road, Tacombi at 1688 Meridian Avenue, and Andres Carne de Res at 455 Lincoln Road.
Amped Fitness I The Press I West Palm Beach
Ben Mandell’s Tricera Capital has named Amped Fitness as the anchor tenant for The Press project in West Palm Beach.
Amped Fitness has leased 36,000 square feet in Shops at The Press, the commercial portion of the project resulting from the redevelopment of the Palm Beach Post campus, according to a statement from Tricera. The gym will be the anchor for the west end of The Press’ 120,000 square foot stores, and Joseph’s Classic Market will open in November as the anchor for the east end of the property. .
Jennifer Houston of the Tricera rental team closed the Amped deal.
Miami-based Tricera is redeveloping the newspaper’s campus at 2751 South Dixie Highway by transforming the printing press and distribution facility into the retail element of the project and the existing office building into press workspaces .
The Amped Fitness deal follows a slew of deals at The Press in August. At the time, four tenants signed leases at Shops at The Press, and two tenants signed new agreements and a third renewed at Workspaces at the Press.
Puttshack, Rhone I Brickell City Center
The Puttshack mini-golf venue opened its fourth location in the United States at Brickell City Center.
Puttshack has leased 27,000 square feet at 701 South Miami Avenue, according to a press release from the tenant. The space includes an outdoor terrace that seats 96, a trio of nine-hole mini-golf courses, food and beverage offerings, and event space.
Additionally, menswear store Rhone announced its opening in a 1,500 square foot space, also at 701 South Miami Avenue in suite 159-B. The grand opening will be November 4-6.
Swire Properties has developed mixed-use downtown Brickell. More recently, Swire has partnered with Stephen Ross Affiliates on plans for a 1,000-foot-tall office tower in the complex that will aim to capture the influx of South Florida businesses. Construction of Tower One Brickell City Center is expected to begin next year.
Santander Bank I 830 Brickell
Santander Bank is the latest in a long list of tenants who have taken up residence in the 830 Brickell office tower.
The bank is a subsidiary of the Santander de Span group. He leased 95,000 square feet in the tower still under construction.
Vlad Doronin’s OKO Group and Jonathan Goldstein’s Cain International are developing the 57-story building.
Among the tenants who have leased space at 830 Brickell are Citadel, billionaire hedge funder Ken Griffin, who along with his Citadel Securities is moving its headquarters from Chicago to Brickell. The office at 830 Brickell is needed until the move to a permanent headquarters is complete. Griffin retained Sterling Bay to build the space on a waterfront site at 1201 Brickell Bay Drive, which it bought for a record $363 million in April.
Others who have rented at 830 Brickell include law firms Winston & Strawn, Baker McKenzie and Sidley Austin.