New Retail Development and Tenants at 12000 Biscayne Building in Miami
- Mar 11, 2016
Miami–Gadinsky Real Estate recently announced that it has signed three new retail tenants for a proposed retail component of the 12000 Biscayne Building. The building owners, a partnership between Brandon of B LLC and Gotham Associates L.P., hired Gadinsky Real Estate to manage the redevelopment and leasing of the building’s ground floor designated for the retail space.
Built in 1982, the eight-story and more than 146,000 square-foot building, which is currently entirely office space, is located on the southwest corner of Biscayne Blvd. and NE 121st Street. It provides easy access to Downtown Miami, as it is located midway between Miami’s Design District and Aventura.
Confirmed tenants for the 12,000-square-foot ground floor include a 2,040-square-foot Starbucks, a 1,251-square-foot European Wax Center and a 3,500-square-foot Mattress Firm, bringing the retail space to 60 percent occupancy. An additional 4,500 square feet remain available for lease, including 2,100 square feet designated for a fast-casual restaurant featuring and end-cap with drive-thru.
“We are excited to announce the first three stores at 12000 Biscayne Center’s new retail center as we actively seek the final two tenants to complete the retail mix,” said Seth Gadinsky, owner of Gadinsky Real Estate in a statement for the press.
James Cohen of SBLM Architect is the architect for the project, which will include the expansion of the existing building footprint to accommodate the new retail space. The redevelopment is scheduled to be completed by the summer of 2017.
Gadinsky Real Estate LLC specializes in retail development, tenant representation, urban renewal, project leasing, and consulting. Founded in 1999, Gadinsky Real Estate has worked extensively with retail clients, lenders, investors, and property owners to create high quality and innovative retail projects. Gadinsky Real Estate’s previous projects include The Shoppes at 420 Lincoln Rd., Publix Supermarket at Market Square, numerous Walgreens pharmacies and Lakepoint, a 1,200-acre amateur sporting and entertainment community, among others.
Image courtesy of Google Maps and Gadinsky Real Estate.