Miami Design District Lures Luxury Stores

Many high-end brands have left behind Bal Harbour Shops, for years a magnet to the wealthy, for more breathing room in Miami’s Design District.--

Upstart in Miami Lures Luxury Stores From a Chic Citadel - NYTimes.com: " . . . a string of big-name tenants — Louis Vuitton, Hermès, Cartier and others — has been abandoning Bal Harbour’s rarefied confines for a scruffy city neighborhood 10 miles away. More than a dozen other Bal Harbour tenants, including Valentino, Giorgio Armani, Fendi and Harry Winston, have signed leases in the area and are expected to follow. Their destination is the Miami Design District . . . . While New York and Los Angeles have long been magnets for high-end shoppers, Miami’s popularity as an attraction for moneyed foreigners, particularly from Latin America and Russia, has created an increasingly vibrant luxury market. More than 70 percent of Bal Harbour’s sales these days are to foreign customers. Brazilians, in particular, have become so important that many of the stores in Bal Harbour employ Portuguese speakers. . . ." (read more at link above)

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