Craig Robins wants to expand Miami’s Design District

Miami /
Feb.February 25, 2015 12:45 PM

Craig Robins is far from done with his plans for the Miami Design District. Dacra reportedly wants the city of Miami to expand development allowed in the area.

The city’s planning and zoning board will consider on Thursday the application to incorporate a 1.9-acre site into Dacra’s retail project, the South Florida Business Journal reported.

4201 NE 2nd Ave LLC bought the site at 220 Northeast 43rd Street for $12.5 million in July 2014, according to Miami-Dade County property records. David Escava and Ayal Horovits, owners of New York-based Helm Equities, are listed on the company’s corporate filing.

Dacra allowed Helm Equities to join its SAP, or special area plan, for the area under specific conditions.

“We believed it was in the best interest of the neighborhood as a whole for Helm Properties to participate in our SAP. Therefore for this one instance, we established very specific parameters within which our common interests will be presented in the same proposal,” Robins said in a statement.

If allowed, the change would increase: the Design District’s retail zone to 22.9 acres, the number of parking spaces by 304 to 4,056, residential units by 82 to 643, commercial space by 70,000 square feet to reach 1.44 million, and civic space by 4,049 square feet to 45,784.

Luxury retailers already open in the area include Louis Vuitton, Armani/Casa, Celine, Prada, Berluti, Tiffany & Co., Cartier, Hermes and Vhernier. The City View Garage, which will open in March, and the Palm Court Garage, which opened in December, added 862 parking spaces to the area formerly dependent on street and valet parking. Dacra incorporated public art in both projects.

Robins said Dacra is finishing construction of 60 stores in 15 buildings.

Construction of an additional 60 stores will begin soon and is set to be complete in 2016. The second phase will include a hotel and condo project, the newspaper reported. [South Florida Business Journal] — Katherine Kallergis


Related Articles

arrow_forward_ios
From left: Craig Robins and Ugo Colombo
Ugo Colombo, Craig Robins reach settlement in feud over private jet
Ugo Colombo, Craig Robins reach settlement in feud over private jet
CMC Group's Ugo Colombo and Dacra's Craig Robins with a Bombardier Challenger jet (Ugo Colombo, Dacra, Bombardier, Getty)
Ugo Colombo and Craig Robins’ trial begins over $19M plane loan
Ugo Colombo and Craig Robins’ trial begins over $19M plane loan
From left: Mario Carbone, Jeff Zalaznick and Rich Torrisi with 111 Northeast 41st Street
Major Food Group to open Contessa in Miami Design District
Major Food Group to open Contessa in Miami Design District
Jerry Robins (Legacy)
Robins family patriarch Jerry Robins dies at 86
Robins family patriarch Jerry Robins dies at 86
A rendering of The Ursa at at 30 Northeast 39th Street with Craig Robins and Mathieu Le Bozec
Miami Design District to get its first new office building
Miami Design District to get its first new office building
LVMH Chairman and CEO Bernard Arnault (right), Dacra CEO Craig Robins and the Louis Vuitton store in Miami’s Design District
Making it rain in Miami’s Design District
Making it rain in Miami’s Design District
Miami allegedly granted improper height increase for Design District hotel project: lawsuit
Miami allegedly granted improper height increase for Design District hotel project: lawsuit
Miami allegedly granted improper height increase for Design District hotel project: lawsuit
Dacra’s CEO and president Craig Robins. (Getty)
Commissioners give green light to 36-story tower in the Miami Design District
Commissioners give green light to 36-story tower in the Miami Design District
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...