DWNTWN Realty Advisors Co-Founder and Managing Partner Tony Arellano and Executive Joe Fernandez represented both sides of luxury retailer Eichholtz’s lease for its first branded flagship location in Miami.
Eichholtz, a favorite of the interior design industry for its extensive collection of opulent lighting, furniture and home accessories, leased 11,882-square-feet at the 3711 NE Second Ave. building. It will occupy the first floor and mezzanine level. Sub-Zero operates a showroom on the building’s second floor.
Founded by renowned Dutch antique collector Theo Eichholtz, the Eichholtz brand is known for its modern interpretations of alluring antiques. The wholesaler has furnished more than 10,000 prestigious hotels, restaurants, clubs and stores around the world.
“With available space in the Design District at a premium, we were able to create this opportunity for Eichholtz to secure a coveted flagship location in the neighborhood,” Arellano said. “Domestic migration to Miami’s urban core is driving demand from iconic luxury brands who see the incredible sales performance of established district retailers.”
Arellano and Fernandez also recently completed the lease-up of the district’s luxury mixed-use building Design 41, with Swiss watch manufacturer Breitling leasing the last available retail space on the prime Northeast 41st Street corridor.
The 3711 NE Second Ave. building is located at the border of the district and Midtown Miami is ideal for tenant visibility and customer access.
“Eichholtz is a perfect fit for this building and the district, with its luxurious and stylish products,” Fernandez said. “We are proud of our efforts in putting this deal together and look forward to facilitating the arrival of more exciting tenants to the neighborhood.”
Arellano and DWNTWN Co-Founder Devlin Marinoff have also played a pivotal role in the district’s evolution. Over the last seven years, the power brokers have completed 22 transactions totaling more than $205 million in the neighborhood’s four-block pedestrian core. These sales represent most of the district transactions not involving Dacra’s assemblage, filling the gaps around the district’s core and making DWNTWN the neighborhood’s market leaders.
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