The Real Deal Miami

Blue Bottle Coffee, Warby Parker ink leases in Coconut Grove

Asking rent for Blue Bottle space was $130 per sf
By Katherine Kallergis | June 15, 2018 11:30AM

Rendering of Blue Bottle at 3034 Grand Avenue (Credit: OKW Architects)

Blue Bottle Coffee and Warby Parker are heading to Miami’s original funky neighborhood, Coconut Grove.

Blue Bottle is opening its third location in Miami-Dade at 3034 Grand Avenue, said leasing broker Aaron Labovitz of RKF. The Oakland-based coffee company leased the corner 1,205-square-foot space at the building, which L3 Capital paid $23 million for in 2016.

Labovitz represented L3 Capital, and Daniel Wolf of Buyers Realty Inc. represented the tenant in the 10-year deal. Labovitz declined to name terms of the deal, but said asking rent for the space was $130 per square foot, or about $156,650 a year.

Blue Bottle, which has stores in the Miami Design District and at Aventura Mall, will open in about six months in the Grove. The company is reportedly looking at spaces in Wynwood and Brickell as part of its expansion in Miami-Dade.

L3 Capital is renovating the building, which used to be home to Johnny Rockets. Other tenants to recently sign leases include Big Island Poke with 820 square feet and New York Roma Pizza with about 900 square feet. The building has about 21,000 square feet available.

Warby Parker is also opening sometime this year at the nearby Engle Building, property records show. The clicks-to-bricks eyewear retailer signed a lease with the Fort-Brescia family’s Main Highway Land Trust at the end of May for 1,414 square feet at 3403 Main Highway.

Tenants there include Panther Coffee, Harry’s Pizzeria and Büro Group. Behind that building, the Cipriani family is building a 98-room Mr. C Hotel on the Fort-Brescia-owned site.

Warby Parker has a location in Wynwood and is planning to open in the Design District.