Magic City Innovation District — Little Haiti® Continued growth in 2020 despite pandemic; current project now 75% leased

MIAMI—March1, 2021–The Magic City Innovation District—Little Haiti, a recently approved Special Area Plan located within an opportunity zone at the eastern border of Little Haiti and the southern border of Little River, has been rapidly increasing its tenant base despite the COVID-19 Pandemic. While the 17-acre masterplan assemblage has been re-zoned for the future development of new mixed use residential and commercial buildings, the majority of the District is currently improved by existing warehouse and older industrial buildings that have been adapted into creative office, retail, fitness, maker and restaurant spaces.

“We couldn’t be more excited about the diverse mix of businesses that the Magic City Innovation District–Little Haiti has attracted since we began leasing in 2019,” said Andres Nava, managing director of Metro 1 Commercial. “The turnkey vanilla spaces and thriving up-and-coming creative community is attracting like-minded innovative businesses to the District, which is always what we envisioned and what our intention has been,” said Nava.

Despite the challenges small businesses faced during the COVID-19 Pandemic, an unprecedented number of new and existing commercial concepts opened their doors in the District. Metro 1, the commercial broker representing the District, closed 14 separate leases in the District in 2020 alone, representing more than 85,000 SF of newly leased space, plus additional square footage in outdoor concepts Space Park and Heartland.

Tenants who moved into the District in 2020 include:

At 6300 NE 4th Ave: The Cobblers

A bespoke shoe and leather goods repair shop for the eco-conscious fashionista (thecobblers.com) – 12,575 SF

At 6301 NE 4th Ave: EkoMed Medical Technologies

A medical supply company distributing essential goods, including PPE, to S. Florida and beyond (ekomed.health) – 17,290 SF

At 6301 NE 4 Ave: Ultra Padel Club

A padel tennis facility offering indoor and outdoor play and more (Instagram: @ultrapadel)16,300 SF

At 415 NE 62 St: Ekolog Transport and Logistics

A logistics operations hub for international imports and exports – 23,900 SF

At 320 NE 61st St: Dance Integrity

A dance company instructing the dancers of tomorrow and producing community-driven performances (danceintegrityonline.com) – 1,700 SF

At 300 NE 62nd St: Cool Creative

Statement-making sportswear created out of Love. The COOL Creative Capsule Collection is an art-meets-fashion line that elevates culture by honoring change-agents then and now. (shopcoolcreative.com) – 350 SF

At 320 NE 62nd St: Scarab Bicycles

A custom, artisan bike shop hailing from Colombia, bringing its services to Miami (scarabcycles.com) – 320 SF

At 310 NE 62nd St: Duce World

An innovative e-commerce brand focused on streetwear and athletic apparel – 320 SF

At 6200 NE 4 Ct: Swim Kids Swimming School

An aquatic school for children to reconnect with their earliest environments and build self-confidence through learning to swim (swimkidschool.com) – 3,022 SF

At 6350 NE 4^th Ave: Raw Fit

A new personalized fitness experience with customized group coaching – 4,882 SF

At 298 NW 61st St: Space Park

Space Park is the fusion of local and global hospitality and entertainment leaders; Space Invaders, Bar Lab, Insomniac, and Live Nation, who have created enriching experiences of unique cuisine and mixology, live music, fitness and mindfulness. (spaceparkmiami.com)

At 382 NE 61^st St: Heartland Miami

An open-air pop-up restaurant with a wood-fired outdoor kitchen (heartlandmiami.com)

At 296 NE 60^th St: Box Greens

A hydroponic farm utilizing technology and vertical space to grow microgreens, lettuces, and herbs on a compact footprint (boxgreens.com) – 600 SF

At 6212 NE 4^th Ct: Rowll

A rolling paper company offering products made from the finest quality eco-friendly materials (rowll.com) – 2,100 SF

At 307 NE 61^st St: Artlife

A contemporary art gallery representing work from artists such as Alec Monopoly, Lionel Smit, and Helmut Newton (artlife.com) – 1,875 SF

In addition to the new Tenants signed during 2020, the list goes on with additional businesses that signed prior to 2020 and are now officially open for business:

At 344 NE 61^st St: Minds of Tomorrow

An after-school technology and enrichment program for children and teens (mindsoftomorrow.com) – 3,292 SF

At 6380 NE 4^th Ave: CCOM Group, Inc

A multicultural marketing, communications, public relations & events firm servicing fortune 500 companies (ccomgroupinc.com) – 10,980 SF

At 367 NE 61^st St: Marie Saint Pierre

A Canadian designer artfully balancing timeless fashion and function (mariesaintpierre.com) – 3,164 SF

At 303 NE 61^st St: Salty Donut (kitchen only)

An artisanal donut maker focusing on chef-made, small-batch, craft donuts using the highest quality ingredients with everything made in house – (thesaltydonut.com) – 1,740 SF

At 326 NE 61^st St: Diana Lowenstein

A world-renowned gallery with more than 30 running years of experience exhibiting the works of its stable of international artists (dianalowensteingallery.com) – 3,400 SF

At 6210 NE 4^th Ct: Ecovie

A company providing onsite water management solutions for rainwater collection, greywater recycling and storm water management (ecoviewater.com) – 1,200 SF

At 270 NE 61^st St: Squadra Lupo

An exotic car showroom (squadralupo.com) – 6,500 SF

At 250 NE 61^st Street: Signarama

An international sign and advertising company (signarama.com) – 4,110 SF

At 322 NE 61^st Street: Manmar Entertainment

An entertainment company developing powerful brand experiences coordinated with strategic marketing and communications efforts (manmarent.com) – 1,700 SF

Plaza Equity Partners is a managing partner for The Magic City Innovation District—Little Haiti and oversees project development, property management and more.

“Despite the hardships of COVID-19, It’s been inspiring to see so many businesses open their doors this year in the neighborhood. We are extremely proud to be the home to many innovative and diverse companies, artists and entrepreneurs,” said Shawn Wilt, Vice President of Plaza Equity Partners.

In addition to shaping the area’s economic revitalization, Metro 1 and Plaza Equity and its partners have been heavily involved in giving back to the Little Haiti community, especially over the course of the past year, through the launch of a Little Haiti Small Business Relief Fund that helped many of the neighborhood’s mom-and-pop businesses stay afloat during COVID-19 shutdowns. In addition, the project’s investors have pledged up to $31 million dollars in aid to empower community businesses, residents and organizations in Little Haiti through sustainable housing and cultural preservation. The first installment was paid to the City of Miami in the sum of $3 million on March 1, 2021.

To view current available listings for lease within Magic City Innovation District—Little Haiti, visit www.metro1.com/listings.

ABOUT METRO 1:

For 15 years, Metro 1 has been South Florida’s leading pioneer of cultured & innovative neighborhoods, molding areas such as Wynwood, MiMo, Miami’s Upper East Side, Little River, and Little Haiti into the cultural + tech hubs they are today. With a track-record of more than $2.8 billion in commercial real estate transactions, Metro 1 has earned a name for itself as both a visionary and powerhouse, forging the way for sustainable development and economic revitalization within urban core zip codes. Founded by accoladed impact entrepreneur Tony Cho, Metro 1 is a full-service real estate organization offering brokerage, management, development, and community engagement services, supported by 20+ team members working from its headquarters in Miami, Fla. Learn more at www.Metro1.com.

ABOUT MAGIC CITY INNOVATION DISTRICT–LITTLE HAITI®:

Magic City Innovation District® – Little Haiti will serve as a new model for future innovation districts and real estate development worldwide. Spanning approximately 17 acres, the District is located just north of Wynwood and the Design District, adjacent to the MiMo District and overlapping the neighborhoods of Little Haiti and Little River. With ease of access via I-95 and South Beach, Edgewater and Downtown Miami just a short drive away, the proximity of other cultural hubs within the Greater Miami area makes the Magic City Innovation District® – Little Hait a focal point with incredible growth potential. The project plans to establish a series of mixed-use commercial, residential and cultural complexes that apply advanced models of social and environmental design, with a spotlight on local businesses and community networks. Magic City Innovation District® – Little Haiti will become a hub for hands-on learning opportunities with leaders in the fields of technology, sustainability, and business innovation, thus creating a vibrant neighborhood brought to life by art, sculpture, and experiential design. Learn more at www.magiccitydistrict.com.

FOR IMMEDIATE RELEASE:

Monday, October 19, 2020

CONTACT:

wmiller@mercuryllc.com

786-301-8049

MAGIC CITY INNOVATION DISTRICT – LITTLE HAITI ®

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