Shinola to open first Southeastern US store in Wynwood

Shop will be in Elemental's former space at 2399 Northwest Second Avenue

TRD MIAMI /
Jul.July 09, 2015 09:45 AM

Shinola, a Detroit-based retailer selling watches, bicycles, upscale leather goods, pet accessories and other items, is opening its first store in the Southeastern United States in Wynwood, The Real Deal has learned.

The store, at 2399 Northwest Second Avenue, will occupy 1,300 square feet, and will open in the fourth quarter, said Drew Schaul, vice president and managing broker of RKF’s Miami office, who represented Shinola, along with RKF Senior Director Ben Mandell. The site, owned by Steve Rhodes, was previously occupied by Elemental, a home decor shop, which is now operating online.

Next door to Shinola will be another new shop, Illesteva, carrying eyewear and accessories, Schaul told TRD.

Wynwood is becoming increasingly appealing to small retailers, due to its central location, affordable lease rates, and artsy and hip vibe that attracts millennials, said Schaul. RKF represents other tenants and property owners in the area, and has handled the sale of several Wynwood buildings, including the Wynwood Block, which Redsky Capital purchased for $26 million in March. Italia Independent, another eyewear and accessories store, will open there, he said.

“It’s organic, it’s street level and it’s a neighborhood. It’s also a tourist destination,” Schaul said of Wynwood.

Shinola, launched by the founder of Fossil, currently has stores in New York, Los Angeles, Washington, D.C., London, Minneapolis, Chicago, Ann Arbor and Dallas. The company’s products are also sold at department stores, including Bloomingdale’s and Neiman Marcus.

“Everything today in retail is about experience,” Schaul said of Shinola’s choice of Wynwood, “and it’s a very unique experience.”

The city of Miami’s Planning, Zoning and Appeals Board recently approved a slate of changes to zoning and land use designations that would allow denser residential developments on roughly 205 acres in Wynwood. The recommendations must still be finalized by the city commission.

“As the area gets upzoned, and residential development comes in,” Schaul said, “more retail will follow.”


Related Articles

arrow_forward_ios
Foyer Wynwood and Jonathon Yormak

East End Capital scores approval for co-living project in Wynwood

East End Capital scores approval for co-living project in Wynwood
From left: Erik Rutter, David Weitz, David Levinson and Robert Lapidus, with 95 Northwest 29th Street (Credit: Google Maps)

Luxury office, resi project planned for former Rubell museum in Wynwood

Luxury office, resi project planned for former Rubell museum in Wynwood
Alex Karakhanian and Chaim Cahane with 48 Northwest 25th Street

Alex Karakhanian sells Wynwood property for $17M

Alex Karakhanian sells Wynwood property for $17M
Jorge Pérez and Jon Paul Pérez with the Wynwood properties

Related Group pays $19M for Wynwood development site

Related Group pays $19M for Wynwood development site
From left: David Weitz, Steve Wernick, Michael Lirtzman, Joe Furst, and Erik Rutter

Silicon Valley heads to Wynwood’s office market

Silicon Valley heads to Wynwood’s office market
Stuart Miller, Wynwood Green

Lennar scores $45M construction loan for Wynwood apartment project

Lennar scores $45M construction loan for Wynwood apartment project
Wynwood 25

Wynwood BID proposes to allow outdoor music until 3 a.m.

Wynwood BID proposes to allow outdoor music until 3 a.m.
Rendering of East End Capital

East End Capital launches co-living platform with first project in Wynwood

East End Capital launches co-living platform with first project in Wynwood
arrow_forward_ios

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

Loading...