Nurturing the evolution of the Miami Design District
Over the years, Dacra has nurtured the evolution of the Miami Design District from an overlooked and stagnant neighborhood into a thriving center for commerce and creativity. Today, the Miami Design District is owned by Miami Design District Associates, which was established in 2010 as a partnership between Dacra and L Real Estate, a global real estate development and investment fund, specializing in creating luxury shopping destinations. In September 2014, a joint venture of General Growth Properties (GGP) and Ashkenazy Holdings purchased an interest in Miami Design District Associates.
Together the partners continue to build out and enhance this global destination by presenting the best shopping, cultural, and culinary experiences within an architecturally significant context. More than 65 flagship stores, Miami’s best restaurants, established and emerging artists, architects, and designers all call the Miami Design District home. Luxury brands like Fendi, Prada, Bulgari, Hermès, Dior, Cartier, Louis Vuitton, Rolex, Tom Ford, Valentino, Saint Laurent, Harry Winston, Céline, Giorgio Armani, Versace, Givenchy, and Tiffany & Co. are already in the neighborhood, along with design showrooms and art galleries including Design Within Reach, Poliform, Holly Hunt, Luminaire, Jonathan Adler, Janus et Cie, Bossa Gallery, Opera Gallery, Markowicz Fine Art and Maman Fine Art. Fine dining destinations include Michael’s Genuine Food & Drink, Estefan Kitchen, and MC Kitchen.
The new Institute of Contemporary Art Miami (ICA) building will join the cultural offerings that include the de la Cruz Collection Contemporary Art Space, Locust Projects Alternative Art Space, the Haitian Heritage Museum, and the public art, design installations and architecture by John Baldessari, Zaha Hadid, The Buckminster Fuller Institute, Sou Fujimoto, Marc Newson, Konstantin Grcic and Xavier Veilhan. Learn more