South Beach to Get its First Target store
By: Ismael Rodriguez
South Beach is known to have a wide variety of retail and supermarket brands, but it has never had a Target store— until now.
The retail corporation, which plans to settle at 1045 Fifth St. in Miami Beach, the BLVD at Lenox retail development by the Comras Company, will open a string of small-format, compact stores to cater the younger demographic and in-store-pickup online shoppers.
“Target has been seeking the ideal location for a small-format store in Miami Beach, so we’re thrilled to be part of the BLVD at Lenox shopping complex to conveniently serve residents and tourists with a unique product assortment that only Target can provide,” Target senior vice president of properties Mark Schindele told the press in a statement.
The new shopping center, which will occupy the current location of Ivy nightclub, is scheduled to break ground at the start of 2018 and be completed by the spring of 2019. The mini-store will measure 33,000 square feet as opposed to the average size of a Target store, which can range from 120,000 to 200,000 square feet.
Target will stand as the core tenant of the four-story, 67,000 square-foot BLVD project, which will include 227 parking spaces and 27,000 square feet of ground-floor sub-divisible retail space for smaller service-oriented tenants such as banks, gyms, casual restaurants and telecommunication companies.