Retailers Want Office Space
Luxury retailers want space in Downtown and Brickell, Pointe Group Advisors prez William Holly tells us--office space, that is. The market's in the early stages of luxury retailers seeking office space in Downtown Miami, to be located near their Design District and Brickell CitiCentre storefront retail locations, he says. "We expect increased demand from quality retailers and fashion-oriented firms as the residential market strengthens." (If you work in that area, you'll need to step up your wardrobe, because that'll be stiff competition coming into town.) Recently, William repped New World Tower at 100 N Biscayne Blvd in leasing half a floor (about 5,000 SF) to Italian eyewear purveyor Luxottica; other retail tenants already in the building include Christian Dior, Guerlain, Bvlgari, and La Prairie. Scott Minchew & Co's Scott Minchew represented Luxottica, which will relocate from its existing office near the MIA.