Mediterranean-style project breaks ground in Design District

Miami /
Aug.August 06, 2015 11:15 AM

A new mixed-use commercial development in Miami’s Design District broke ground this morning, The Real Deal has learned.

The Mediterranean-style building, at 4136 North Miami Avenue, will stand out in an area that has been transformed into an ultra-luxury and ultra-modern retail destination, developer Manny Angelo Varas said.

“The majority of the buildings [in the Design District] are old and have been rehabbed,” Varas, CEO of MV Construction & Interiors Group, told TRD. “This will be built in 2016 and feel like it’s been there for a hundred years. It will begin to define the area.”

Varas said the project will include a 2,978-square-foot ground floor retail space, and second and third-floor office space totaling 6,600 square feet. When completed, it will also include a rooftop deck for tenants and events, and underground parking for 26 cars.

Rents will start at $35 per square foot for office space, and $75 triple net per square foot for the ground level. Varas, who said he’s received interest from national retailers, expects to have tenants in the building by next September. Tony Arellano of Metro 1 is the exclusive leasing agent.

An LLC led by Ana Bravo and Roberto Bravo owned the 9,400-square-foot site, according to Miami-Dade property records. Varas acquired the property and the building across the street, at 4141 North Miami Avenue, for an undisclosed amount.

Nearby retail includes Natuzzi Furniture, Louis Vuitton, Versace and Tom Ford.

Miami-based MV Construction & Interiors Group, a construction, architecture and interior design firm, works on condos, single-family homes and commercial properties.


Related Articles

arrow_forward_ios
Remy Jacobson, Jean-Marc Jacobson, 4141 North Miami Avenue (Credit: Google Maps and REALTOKEN)

Remy Jacobson allegedly in default on Design District loan: lawsuit

Remy Jacobson allegedly in default on Design District loan: lawsuit
Inside South Florida’s mall, retail and restaurant reopenings

Inside South Florida’s mall, retail and restaurant reopenings

Inside South Florida’s mall, retail and restaurant reopenings
Vlad Doronin, Len Blavatnik, and 3425 Collins Avenue (Credit: Google Maps, Gesi Schilling, and Mark Neyman / GPO)

Developer of Aman-branded towers in Miami Beach scores $35M loan

Developer of Aman-branded towers in Miami Beach scores $35M loan
Clockwise from top left: 3995 North Miami Ave., 5 Northeast 39th St., 1 Northeast 40th St. through 35 Northeast 40th St. (Credit: Google Maps, iStock)

Lender lists troubled RedSky’s Miami Design District portfolio

Lender lists troubled RedSky’s Miami Design District portfolio
Renderings of Miami Plaza and Carlos and Martin Melo

Melo Group launches preleasing for latest A&E rental tower

Melo Group launches preleasing for latest A&E rental tower
Alain and Gerard Wertheimer with the Chanel space on 41st Street (Credit: Chanel, Julien Hekimian/WireImage/Getty Images, and Google Maps)

Chanel to open store in Miami Design District

Chanel to open store in Miami Design District
Quadro at Design District and Rainmundo Onetto

Alta Developers launches sales of Quadro at Design District

Alta Developers launches sales of Quadro at Design District
1550 Northeast Miami Place with Jordan Gimelstein (Credit: DWNTWNRealtyAdvisors,LLC)

Development site in Miami’s A&E District asks $21M

Development site in Miami’s A&E District asks $21M
arrow_forward_ios

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

Loading...