Target to open first Miami Beach store

33,000 sf store will open in 2019 at BLVD at Lenox

TRD MIAMI /
Nov.November 14, 2017 12:15 PM

Rendering of Target at BLVD at Lenox

Miami Beach residents, rejoice. Target is coming to South Beach, which means residents will no longer have to leave the island to get their Target fix.

The retailer will open its first small-format store in South Florida at BLVD at Lenox, a four-story retail development being built by Michael Comras’ MAC 1045 5th St. LLC, according to a press release. The 33,000-square-foot store is slated to open in the spring of 2019.

The 82,000-square-foot building, designed by Zyscovich Architects, will have three floors of retail, with parking on the third, fourth and rooftop levels. The project is a block away from Fifth and Alton, a retail complex anchored by Best Buy, Publix and Total Wine & More.

Target’s small format stores are in major cities, dense suburban neighborhoods and near college campuses. The retailer plans to have more than 130 of the smaller stores by the end of 2019, according to the release.

The Miami Beach location will have men’s, women’s, kids’ and baby apparel and accessories, swimwear and beach gear, home and decor, health, personal care and beauty products, and a grocery section with fresh produce, grab-and-go items, snacks and meals. It will also offer Target’s pickup order service.

Comras said he’s aiming to lease the remaining 34,000 square feet of retail space to restaurant and service-oriented retailers. Asking rents at the project range from rents range from $40 per square foot to $70 per square foot. Available spaces include nearly 28,000 square feet on the ground floor and 5,500 square feet on the third floor. It will have 227 parking spaces.

Comras, who led the investor group that sold an entire block of Lincoln Road to Spanish billionaire Amancio Ortega for $370 million in 2015, assembled the BLVD at Lenox site between 2014 and 2017 for a combined $8.48 million.

The Next Miami first reported Target’s lease.


Related Article

arrow_forward_ios
Ritz Carlton Residences Miami Beach and Petra Levin

Petra Levin snags condo at Ritz-Carlton Residences Miami Beach

Dwyane Wade, Gabrielle Union and the North Bay Road home (Credit: Getty Images, Lux Hunters)

One last sale? Dwyane Wade lists Miami Beach estate for $33M

Kenneth and Karen Heithoff with 4911 Fisher Island Drive

Good bones? Radiologist sells Fisher Island Bayview condo for $8M

Aria Mehrabi and City National Bank

Pacific Star Capital wants to build Target-anchored retail building in North Beach

Carl Icahn is moving his firm from NY to Miami, Michael Shvo’s hotel plan could cost him $500M: Daily digest

Russell Galbut and the Fifth Hotel

Urbanica scores construction loan from Miami Beach’s biggest developer

Ayman Sabi and W South Beach (Credit: Linkedin, Marriott)

Former Roadhouse Grill CEO serves up W South Beach condo for $7M

Jeffrey Soffer taps ex-Turnberry CEO to lead resi division, PMG and Greybrook big loan for co-living tower: Daily digest

arrow_forward_ios