The Mastermind Behind Design District’s Transformation
A little planning and plenty of action can make a world of difference in a person’s life, or an entire district – as was the case with Miami Design District. The mastermind behind the makeover as many are already aware, is real estate developer Craig Robins.
Ocean Drive did a lengthy overview of the how, why and when of Design District’s transformation. The article examined how this section of Miami became the poster child for what can happen with a vision.
The Design District Miami Highlights:
Location – The Design District is less than ten minutes away from South Beach – by car.
Seeing Opportunities In Despair – In the mid-90s according to the report, Craig Robins saw an opening to purchase buildings that ranged in prices from $20-$30 per SF. Now, property prices have increased significantly over the years.
Collaborations With Luxury Stores Mark A Winning Partnership – As established luxury brands sought innovative ways to continue their demand, labels like Luis Vuitton preferred a freestanding store that’s materialized today, over more restrictive leases like those found in the Bal Harbour Shops.
Art Basel – Which began in 2002 for Miami, brought a bevy of exposure to the Design District, according to Robins. The luxury retail district is now a go-to shopping destination to source unique items of fashion, fixtures and furnishing.
Now that a torrent of stores have opened, 2013 is set to bring in more shopping, more real estate, and more art for all NEW MIAMI districts.
Furthermore, in a recent press event Craig Robbins stated that he would be going back to the City for special zoning to create residential condos. These plans however would not commence until 2014.
Sydney Server would like to wish all of our luxury Miami real estate readers a Happy New Year. Sydney Server will continue to follow the latest updates and news on Miami’s Design District. Stay tuned for the latest updates by subscribing here.
Sources: Ocean Drive
Daneil Fletcher for SydneyServerRealEstate.com