Target to open first Miami Beach store

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

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 Articles

The property at 3101 PGA Boulevard (Credit: Google Maps)

Sears sues landlord and city over blocked sublease at Palm Beach Gardens mall

Franco Bianchi and Eighty Seven Park  

Furniture exec moves into condo at Eighty Seven Park for $7M

4424 North Bay Road, Karen Stauber (right) and Neil and Jennifer Sazant (Credit: Getty Images)

Waterfront lot on North Bay Road sells for $7M

2401 West Atlantic Boulevard, Nightingale’s Elie Schwartz and Simon Singer and David Egozi of JDM Realty Group (Credit: Google Maps)

GDF Properties scores a retail center in Pompano Beach

Michael Comras and 1500 Washington Avenue (Credit: Google Maps)

Comras looks to sell Five Guys property on Washington Ave

Jeffrey Dagowitz, Ophir Sternberg and 100 21st Street (Credit: Getty Images, Google Maps)

Lionheart and Jeffrey Dagowitz sell Seagull Hotel Miami Beach for $120M

Rendering of Life Time’s resort at The Falls

Luxury athletic resort to take over Bloomingdale’s space at The Falls

Multiplan launches sales of boutique luxury condo project on Ocean Drive

Multiplan launches sales of boutique luxury condo project on Ocean Drive