Miami Worldcenter, the 27-acre megadevelopment in downtown Miami, has lined up a plethora of national retail tenants to join its roster.
The $4 billion development’s ownership has completed leases with disruptor brand Savage X Fenty, which will open its first Florida location, as well as global brands Lululemon and Ray-Ban, and New York-based Posman Books.
“The addition of these latest globally recognized and homegrown brands will complement the kind of curated downtown lifestyle that our development embodies,” said Nitin Motwani, managing partner of Miami Worldcenter Associates.
Music artist and entrepreneur Rihanna’s Savage X Fenty lingerie brand will occupy 3,000 square feet at the base of the Paramount residential tower. Posman Books have 2,000 square feet along the development’s World Promenade pedestrian street at the base of the Paramount.
Athletic apparel retailer Lululemon will open a 3,815-square-foot store fronting Miami Worldcenter’s pedestrian promenade along Northeast Seventh Street and the World Square Plaza. Eyewear brand Ray-Ban will join Lululemon along the promenade, occupying nearly 2,000 square feet there.
All four stores are expected to open in 2023.
The newest tenants will join beauty retailer Sephora, Lucid Motors, Bowlero and Sports & Social, which previously signed leases to join the lineup for Miami Worldcenter’s 110,000 square feet of retail.
All the tenant deals were done directly with landlord Miami Worldcenter Associates.
Miami Worldcenter, one of the largest private development projects in the country, will be home to 300,000 square feet of retail, restaurant and entertainment space. It will also include a mall dubbed the Jewel Box. High-profile developers Related Group, The Witkoff Group and Naftali Group are developing residential and mixed-use towers within its borders.
The development’s retail leasing is led by California-based CIM Group and Miami-based Comras Co.
Jasmine Floyd, South Florida Business Journal
