Swire Properties Limited (HKG:1972) Miami Update

Swire Properties Limited (HKG:1972) Miami Update

Swire Properties Inc, one of South Florida’s leading international developers of urban real estate, along with retail co-developers Whitman Family Development and Simon Property Group, have announced 11 more retailers set to join mega-project Brickell City Centre’s 500,000 square-foot shopping center that will open this November in the heart of Brickell.

The latest collection of tenants follows a series of announcements revealing more than 70 retailers and eateries coming to the $1.05 billion mixed-use project. Notable new tenants include Hugo Boss, Sephora, Tommy Bahama, Bruno Magli and Brazilian shoe designer Carmen Steffens.

The full list of new tenants includes:

Baldinini
Boglioli
Bruno Magli
Carmen Steffens
Hugo Boss
Lafayette 148
Samsonite
Sephora
SPARIS
Tommy Bahama
Violetas/ Baccarat

The retail center is set to open this November, with tenants already beginning to outfit their individual stores. One of the two condominium towers, Reach, opened its doors in April with the second tower, Rise, expected to open this summer. One of the two class-A office towers, Three Brickell City Centre, opened in February with Florida’s leading law firm, Akerman Law, as the anchor tenant. The second office tower, Two Brickell City Centre, is set to open this summer.

“We’ve strived to make a positive, long-term impact in all aspects of BCC’s retail center,” said Debora Overholt, vice president of retail at Swire Properties. “Not only are we bringing a mix of both beloved and new brands to an under-served market in Miami, but the shopping center will be creating thousands of jobs for our local community.”

The full list of announced tenants includes:

ANCHORS
Cinemex
Italian Food Hall
Saks Fifth Avenue

APPAREL
100% Capri
120% Lino
Addict
Adolfo Dominguez
Agent Provocateur
Armani Collezioni
BDBA
Crocus Studio
Chopard
Cole Haan
Intermix
In-Sight
Kiton
Koko & Palenki
LIVE!
Lululemon
Mirto
Orlebar Brown
Onda de Mar
Rhythm of Grace
REISS
SportsAction
Sundek
Ted Baker
Vilebrequin

FASHION AND PERSONAL ACCESSORIES
Addict
Audemars Piguet
Acqua di Parma
APM Monaco
Bally
Caudalie
Capritouch
Coach
Diptyque
Designer Eyes
Font
Harmont & Blaine
Giuseppe Zanotti Design
Italia Independent
Illesteva
IRO
Kendra Scott
Kreations
Leetal Kalmanson
Michele Lopriore
Nars
Nest Casa
Pandora
Porsche Design
Richard Mille
Santa Maria Novella
Stuart Weitzman
Westime

DINING
American Harvest
Big Easy Winebar & Grill
Calissons du Roy René
DAVIDsTEA
Dr. Smood
Haagen-Dazs
Luke’s Lobster
Pasión del Cielo
Pubbelly Sushi
Quinto La Huella
Santa Fe Ca Café
Sugar
Taco Chic

ARTS AND SERVICES
AT&T
Bojanini Art Gallery
Brickell Nail Bar
Musart
Sean Donaldson Hair

Luxury brands will be located throughout the street-accessible first floor of Brickell City Centre’s retail component. Others will open on the second and third floors, emphasizing premium and contemporary retailers along with a mix of beauty, home decor, jewelry, apparel and other stores. The food and beverage offerings, an integral piece of the Brickell City Centre retail concept, will be situated throughout the third floor, offering a mix of fine dining, casual fare and new international brands opening flagships in the U.S. Brickell City Centre will offer a unique vertical shopping experience, a successful shopping model common in international cities and well-recognized by global travelers.

“It has been our goal to create a retail center where shoppers have access to a diverse lineup of brands to choose from,” said Courtney Lord, vice president of leasing for Whitman Family Development. “We are very pleased to welcome recognized retail brands such as Sephora to join what we call our first-to-market tenants, which are opening their very first U.S. flagships at Brickell City Centre.”

The shopping center will seamlessly connect with Miami’s key transportation nodes. Swire Properties is incorporating a Miami Metromover stop that exits directly into the shopping center’s third floor to allow easy and convenient access. The shopping center will also ease vehicle movement with an expansive two-story underground carpark that traverses streets in the lower level.

“Brickell City Centre is built as a destination in of itself – with the hotel, cinema, and other attractions creating an environment where shoppers want to and are able to stay longer,” said Sharon Polonia, executive vice president of leasing at Simon.

Leading luxury retailer Saks Fifth Avenue will serve as Brickell City Centre’s anchor tenant and will occupy three floors of the shopping center with street-level access. Brickell City Centre’s two condominium towers, two Class A office buildings, including one almost entirely leased by international law firm, Akerman, and its EAST, Miami Hotel, will also act as anchors for the shopping center, along with a luxury dine-in theater Cinemex.

Lastly, renowned traditional Uruguayan restaurant Quinto La Huella and signature rooftop bar Sugar, will both be opening at Brickell City Centre’s flagship hotel, EAST, Miami at the end of May, 2016.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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