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Posts Tagged ‘Marquis Lewis’

artist RETNA-designed facade of new Louis Vuitton boutique in the Design District ( photo from http://www.freshnessmag.com )

A few months ago, I wrote about the evolution of the Miami Design District, progressively turning into the new luxury mecca of South Florida. The new retailers who are going to change the spirit of the area are now progressively appearing. CARTIER opened a few weeks ago. LOUIS VUITTON opened is boutique earlier this week. The luxury retailer commissioned L.A. based street artist RETNA to create the facade of its temporary store in the Miami Design District. Over the past decade, graffiti art has gained recognition in the art world. It has been exhibited in major contemporary art museums and street artists have been collaborating with fashion and interior designers to revamp their collections. The LOUIS VUITTON boutique will be moving to a permanent location in the area once the new shopping center, created in partnership between Miami-based developer Craig Robins and the LVMH group opens, sometime in 2014. Until then, nobody knows how pedestrian traffic will change and how these developments will impact the lifestyle of Miami residents and visitors.

Another luxury retailer, certainly less known to most Floridians, will also open in a temporary space, next to Michael’s Genuine Food and Wine restaurant, early December, just in time for Art Basel Miami Beach : AGNONA. This exotic sounding name is the name of an elegant Italian women ready-to-wear brand, that was bought by ZEGNA in the late 90s. The subtle sophistication of this line should be an interesting addition to the area.

Agnona clothing ( Photo from http://www.veraclasse.it )

Since the announcement of the transformation of the Miami Design District was officially made a few months ago, retail space and residential real estate prices have jumped. The neighboring condos located in Midtown 2 and Midtown 4 now sell at approximately $360 a square foot and asking retail space lease prices go for $100-150 per sf per year ( vs. $50 over a year ago ).

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