NoBe PARC Miami Beach, an under-construction, 15-storey, 232-residence development from Robert Finvarb Companies in North Beach, has launched leasing efforts for six ground-floor retail spaces of luxury retail in a neighbourhood where listings for condos average $1,029 per square foot.
Inhouse Commercial has been appointed to lead the leasing effort of more than 11,000 sq ft of retail across six spaces. Each is built with floor-to-ceiling glazing and frontage along 72nd Street, Abbott Avenue and Byron Avenue. The announcement comes as North Beach’s residential growth continues to outpace the retail available to serve it — a gap NoBe PARC is designed to help close, according to developer Robert Finvarb.
This neighbourhood is where I grew up and the ground floor matters to me as much as the residences above it. We want operators who actually understand this neighbourhood and I think North Beach will feel the difference when these doors open.
Finvarb’s leasing strategy is built around curating a retail mix that serves the community’s daily rhythms while drawing destination visits from Miami Beach’s affluent northern corridor. Inhouse states it will be targeting categories that build a cohesive, elevated retail environment: wellness and med-spa concepts; boutique fitness studios; salons and personal care services; specialty grocers; and chef-driven restaurants and cafes.