July 22, 2016
Architecture studio MKDA unveiled its design for a retail building in the Miami Design District, where rents have soared as luxury shops have clustered in the neighborhood.
Renovations recently started on the 6,000-square-foot building at 80 N.E. 40th Street. MKDA, which is based in Miami’s Wynwood, crafted the new look for the building, which was constructed in 1955. The roof will be removed to add a second story, a pedestrian arcade will engage the sidewalk with the storefronts and a new concrete column facade with vertical lighting will be installed.
“To appeal to pedestrians, we wanted a highly visible building that would mirror what was happening in the heart of the Design District while also standing out as a distinct destination,” said MKDA Managing Director Amanda Hertzler. “Ultimately, our vision was to create compelling indoor and outdoor spaces that would draw pedestrians down the street, out of their comfort zones, and into the entire 80 N.E. 40th Street retail experience. We believe the design will do just that while also challenging the current boundaries of the Design District.”
The building will have three retail spaces available for lease. The leasing agent isMetro 1’s Tony Arellano and the asking rent is $175 per square foot.
It should be ready February 2017.
Miami DD 80 Blue, an affiliate of New York-based Century Realty, acquired the property for $16 million in 2014. It’s next to the high-end shops constructed by Dacra, the Design District’s largest developer.
“We have had a longstanding relationship with MKDA in New York, and trusted that the firm’s Miami studio would be able to carry out the project with creativity and precision,” said Avi Zukerman, managing director at Century Realty. “MKDA, together with our entire team, has created a first-rate destination that will change the face of the Design District forever.”
Century Realty is affiliated with the owner of the Century 21 clothing retailer.