(MIAMI) – Plans are underway to return Metro Mall, once the jewel of the Jewelry District in downtown Miami, to its glory days from decades ago. The new owner behind Metro Mall Miami in downtown Miami has unveiled plans to turn the iconic building into Florida’s premier jewelry center.
The complete renovation of the 225,000-square-foot building is designed to introduce a new concept of modern luxury and sophistication to the Miami Jewelry District. With construction underway, Metro Mall is scheduled to open in spring 2021 following a $35 million renovation.
The new Metro Mall was redesigned to become the premiere building in the heart of the Miami’s jewelry district. Developer Time Century Holdings LLC, led by Yair Levy, brought onboard renowned Miami Architect Kobi Karp to reposition the building that the company acquired in 2018.
“There is no other jewelry center like this in Florida,” said Levy, who has over 50 years of retail experience. “We gutted the entire interior of the building so we could have a blank canvas to start new with our own design. I traveled around the world visiting iconic buildings to find inspiration for Metro Mall’s design and finishes. Our goal has always been to bring the building back to its glory days. Jewelry stores will operate from a state-of-the-art center while shoppers of luxury fine jewelry will have a dazzling experience. It will be a win-win situation for jewelers and consumers.”
With beautifully re-imagined architecture and interiors, Metro Mall’s flexible floor plans will cater to jewelry wholesalers, retailers, craftsmen and repair services. The new jewelry center will consist of four floors of luxury jewelry retail and wholesale space, and four additional floors of offices. A large three-story atrium with newly designed escalators and computerized directories will seamlessly direct customers throughout all levels and most tenants will have unobstructed views of their store signs viewable from the main floor. With glass storefronts, soaring ceilings, elegant escalators and elevators, valet parking and state-of-the-art security, Metro Mall is already attracting prospective local and national tenants with 40% of retail space already leased.
“We have already signed leases with high-profile jewelry stores who realized they and their customers deserve better,” said Levy, who is handling leasing in-house. “That’s why I saw a great opportunity to innovate to capture a large share of the jewelry industry.”
Located along NE First Street and E. Flagler Street, Miami’s vibrant jewelry district is home to more than 500 jewelry stores in a four-block radius. The district generates more than $1 billion in sales annually.