Forter’s Post

How LVMH Transformed a Miami Warehouse District into a Luxury Hotspot Miami's Design District has become a global hub for luxury shopping, boasting brands like Louis Vuitton , Loewe , Hermès ès, and CHANEL . But just 14 years ago, this area was filled with gritty warehouses and empty lots. So how did this transformation happen? A Shared Vision The key players were Miami developer Craig Robins and #LVMH #CEO @Bernard Arnault. Robins envisioned the Design District as a SoHo of the South, while Arnault saw the potential for luxury brands. Despite initial skepticism, they joined forces to create Miami Design District Associates. The Secret Sauce The success of the Design District goes beyond just luxury stores. Here's what makes it special: Art and Culture: The neighborhood seamlessly blends high-end retail with outdoor sculptures, murals, and museums. Flagship stores resemble art galleries, creating a unique experience. A Curated Experience: Robins is actively involved in curating the vibe of the district. He donated land for a museum and helped attract Michelin-starred restaurants and exclusive private clubs. The Results The gamble paid off. Today, the Design District enjoys: Soaring Rents: Asking rents have skyrocketed by 200% since 2019, the highest increase in North America. Increased Foot Traffic: Foot traffic has jumped 47% over the past four years, while other luxury shopping areas have seen declines. A New Miami: Miami is now seen as a cultural capital, attracting financiers, tech entrepreneurs, and the business elite. Craig Robins' Vision Robins' commitment to art, culture, and community has been instrumental in the Design District's success. He has helped create a vibrant destination that goes beyond just shopping. What do you think about LVMH's investment in the Miami Design District? #Miami #DesignDistrict #LuxuryRetail #RealEstate #UrbanDevelopment #Dubai #London #Paris https://lnkd.in/dKpTAR8M

The retail furniture industry is a crucial sector of the economy. Store furniture constitutes an integral part of every retail space, significantly influencing its image and sales. ✅  You can find insights into the industry's development and upcoming trends in 2024 on our blog: https://lnkd.in/dVgCiPVz #RetailTrends #RetailFurniture

"MINE is reshaping the furniture landscape with its concept of ‘Real Life Retail’." Learn more about how MINE is turning the world of retail around - read the full article from Forbes here! https://lnkd.in/eNhXq7YX

Discover retail therapy at its finest in Fitzroy, where vintage treasures and contemporary designs await! Indulge in a shopping spree through quirky boutiques, vintage stores, and eclectic markets that cater to every style and preference. Explore the vibrant tapestry of retail wonders that make Fitzroy a shopaholic’s paradise. #FitzroyFinds #MelbourneShopping #OutdoorAds #OutdoorAdvertising #DigitalSignage #AdvertisingIndustry #MarketingStrategy #BrandPromotion #BusinessPromotion #AustralianMarketing #CorporateAdvertising #B2BMarketing

This is How it should be Done ..

Location, location, location. The watch words of any real estate decision, whether commercial or residential. I saw this in NYC and loved the creativity and efficiency of a mobile barber service. It's styling and retro feel is perfectly suited to the vibe of Soho. And by taking business on the road you're meeting your customers where they are and beating soaring real estate costs. #thegroomedguy #retailinnovation #retailexperience #retailconcepts #newretail #retailsolutions #retailrealestate

When it comes to selecting retail furniture for your retail locations, there are a few key questions you need to ask yourself: ⬆️ Does it optimise the store layout? 💪 Does it strengthen your brand message? 🛍️ Does it enhance the shopping experience? 🧴 Does it complement your merchandise? In our latest post, we’ve listed the top 20 most unique retail furniture examples to help you create an experience that customers will remember. https://hubs.ly/Q025BZXj0

The unveiling of Jacquemus's first U.S. store in SoHo marks a significant chapter in the evolution of New York City's retail landscape. Nestled at 143 Spring Street, this Parisian luxury fashion brand is setting roots in a neighborhood renowned for its rich history and vibrant culture.   Spanning nearly 5,000 square feet across three levels of a storied building at the corner of Spring and Wooster streets, Jacquemus's arrival is poised to enrich the local retail environment. With rent approximated at $2 million a year, this commitment underscores the brand’s substantial investment in and vision for its future in the American market.   The store's strategic placement, directly opposite Chanel, is more than a coincidence. It's a move that enhances the competitive edge of this bustling shopping corridor. The 'Jacquemus Effect,' a term coined to describe the anticipated rise in surrounding property values and asking rents, clearly indicates the transformative power a single, well-placed tenant can have on a neighborhood.   This venture is more than a business decision. It's a statement. By choosing to establish its presence in SoHo, Jacquemus is not just tapping into a vibrant neighborhood. It's reaffirming New York City's status as a global hub for fashion and commerce and breathing new life into SoHo's appeal as a luxury and style destination.   As we witness these developments, it's clear that commercial real estate landscape continues to evolve, driven by visionary brands that recognize our city's unique opportunities. The integration of such brands into the fabric of New York not only revitalizes our streets but also reinvigorates the local economy.   This exciting new addition to SoHo indicates that New York is fertile ground for innovative retail experiences, blending historic charm with contemporary flair. It’s a privilege to observe and be part of this dynamic progression, which continues to make New York an irresistible draw for global retailers.

Fall Market weekend is here, and there’s a lot to talk about when it comes to the future of the furniture and interiors industries. Here are five topics Business of Home predicts will be on everyone’s lips… #HPMKT #HPMKT2023 #FallMarket #HighPoint High Point Market Authority

Looking to revamp your living space with some German flair? 🏠🇩🇪 Dive into our latest article where we guide you through the best furniture options in Germany! 🛋️🔍 Whether you're a fan of modern minimalism or classic elegance, we've got you covered. 💼👌 Don't forget to share your thoughts in the comments below! 👇💬 More info can be found on our website. Give it a read and let's start designing your dream home today! 🌟🏡 #GermanFurniture #InteriorDesign