Roche Bobois to open on Biscayne Boulevard in Edgewater

Store will occupy the entire ground floor of Hampton Inn & Suites' nearly completed building

Dec.December 14, 2016 05:30 PM

Renderings of 3450 Biscayne Boulevard and Irma Figueroa

Roche Bobois has signed a lease for 4,435 square feet at the site of the upcoming Hampton Inn & Suites at 3450 Biscayne Boulevard in Miami’s Edgewater neighborhood, The Real Deal has learned.

Irma Figueroa, director of retail leasing and sales for Comras Company, who brokered both sides of the deal, told TRD that the French furniture store will take up the entire ground floor of the building. It will mark the fourth showroom for Roche Bobois in South Florida, after Coral Gables, Aventura and Palm Beach. The store is now beginning to build out the space, which is expected to open in the next few months. “It’s a great brand for that corridor,” Figueroa said, but she declined to disclose lease terms. 

The hotel is also nearing completion, she said. Miami-based Mayan Properties, 3H Group Hotels and Arti Hersi Inc. are partnering on the 151-room hotel, which has been under construction for about two years. Midtown Lodging bought the site in November 2014 for $4.5 million. The firm was approved for an $18.3 million loan from Florida Community Bank in December 2014.

Edgewater continues to explode with new residential construction, including four Paraiso towers, Biscayne BeachElysee Miami, Aria on the Bay and Missoni Baia.

The developments, in turn, are boosting the area’s demand for retail space, commercial brokers say.

In May, New York-based Infinity Real Estate paid $4.85 million for a 6,794-square-foot retail condo space at Paramount Bay at 2063 Biscayne Boulevard. The current tenant is Visionnaire, a home furnishings store. Figueroa also brokered both sides of that transaction.

Related Articles

Alex Sapir and the site at 1768 Northeast Second Court (Credit: CBRE)

Alex Sapir’s massive Opportunity Zone site in Miami hits the market

Rendering of Crescent Heights’ project with Russell Galbut

Crescent Heights to begin construction of massive Edgewater project

James Harpel and The Bristol in West Palm Beach

South Florida developer pays $8M for condo at the Bristol

Broker Jamie Maniscalco and Russell Galbut with 2901 Northeast Second Avenue

Russell Galbut closes on missing piece of his Edgewater assemblage

Listing broker Rani Hussami and Hamilton on the Bay

Arison-developed Hamilton on the Bay hits the market in Edgewater

Real estate broker and radio host Jim Fried jumps into Miami commission race

Island Bay renderings and Carlos and Martin Melo

Melo Group reveals plans for massive 60-story towers in Edgewater

Russell Galbut and 3000 Biscayne Boulevard (Credit: Haute Living and Google Maps)

Crescent Heights buys Staples building in Edgewater