Craig Robbins of Dacra has nearly single handedly transformed the Design District and the city’s planning and zoning board is considering further expansion tomorrow. Planners will consider an application to incorporate 1.9 acres into a Dacra project. The prospective site is 220 Northwast 43rd Street and was purchased in 2014 for $12.5 million. If approved this would increase Dacra’s holding to 22.9 acres and increase residents parking as well as residential opportunities for development.
Retailers have already made a transition from Bal Harbour to The Design District in droves including Louis Vuitton, Prada, and Hermes. Other luxury retailers who have laid roots in The Design District include Celine, Prada, Berluti, Tiffany & Co, and Cartier. When construction in the neighborhood is complete there will be an additional 60 stores and 15 buildings. Construction is set for completion in 2016. The final phase will include a hotel and condo project. Many are beginning to realize the vast changes to the modern urban landscape that is Miami and this is but another example. For more information on these projects and other new developments in Miami, please contact me today!
