Developing, leasing, and managing commercial and residential communities of substance through creative collaboration
Founded in 1987 and recognized as an innovator in its space, Dacra is a real estate development company with a unique vision for developing commercial, residential, and mixed-use communities of substance through a distinctive combination of culture, commerce, and design.
Over the past thirty years, Dacra has played a pivotal role in Miami’s ascendance as a global city with revitalization efforts and bold new development projects that have fundamentally transformed the landscape and economics of both Miami Beach and Miami.
The company has developed more than 2 million square feet in real estate projects. Past projects in their portfolio have included major developments on South Beach’s Art Deco District and Lincoln Road, as well as the creation of the new urbanist residential community known as AQUA on Allison Island.
Today, Dacra and its partners are ambitiously developing the Miami Design District, the 18-square block creative neighborhood and international destination. The company also continues to push the limits of design thinking through the production and curation of Design Miami/, the global forum for design. Like all of Dacra’s endeavors, the Miami Design District and Design Miami/ stand as living testaments to the company’s uncompromising commitment to excellence and constant creativity in both development and design.
Dacra was founded in 1987 by Miami native Craig Robins. The company first established a name for itself by partnering with other prominent local developers on the historical preservation of landmark hotels such as The Marlin, The Cavalier, The Leslie, The Kent, The Tides, and The Netherland, which was one of the first mixed-used projects on Ocean Drive.
Interested in building lasting communities of substance, Dacra enhanced its preservation work in the hospitality sector by developing new commercial and mixed-used projects along Española Way and Washington Avenue. These urban renewal efforts brought restaurants, shops, entertainment, and cultural programming to the beach. Years of meticulous renovation combined with carefully curated new development worked together to bring South Beach’s Art Deco District roaring back to life. These efforts are credited with spurring an economic reawakening in the region.
Dacra continued to fuel development and growth in Miami Beach by acquiring and developing property along Lincoln Road. Dacra saw the potential of this thoroughfare and transformed it into a vital commercial and community hub by cultivating the right tenant mix, creating vibrant public spaces and cultural programming, and encouraging a strong pedestrian culture. Today, Lincoln Road remains a place to be and be seen for local residents and visitors alike.
In the late 1990s, Dacra acquired 8.5-acres of land on the southern tip of Allison Island in Miami Beach for residential development. Dacra set out to create a new standard for urban luxury living with this project called AQUA. To create AQUA, Dacra challenged urban planners Duany Plater-Zyberk; the architectural firms of Walter Chatham, Alex Gorlin, Alison Spear, Hariri & Hariri, Emanuela Frattini Magnuson, Brown Demandt, Suzanne Martinson, Albaisa Musumano, Allan Shulman, and Wolfberg Alvarez & Partners; and artists Richard Tuttle and Guillermo Kuitca to make their own bold contributions to this community. The result is a stunning waterfront enclave featuring 46 homes, 3 mid-rise condominiums, site-specific art installations, and state-of-the-art community amenities. AQUA still serves an international model for new urbanism.
For more than two decades, Dacra has also been the driving force behind the continued development of the Miami Design District. Today, the neighborhood is an international destination for fashion, luxury shopping, art, design, fine dining, and culture. The District was also the inspiration for Design Miami/, the accompanying design fair for Art Basel. Design Miami/ was founded in 2005 by Craig Robins and fairs are produced annually in Miami Beach, Florida and Basel, Switzerland.
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