Furniture Company Harbour Outdoor Plans Design District Showroom in Miami
By Julia Echikson August 23, 2021 6:24 pm
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Australian furniture company Harbour Outdoor purchased a Design District property for $6.5 million to house its showroom.
The 10,250-square-foot site, located at 170 NE 38th Street along the busy 195 highway, includes an existing retail building and is also zoned for development of up to 20 stories.
The upscale furniture retailer plans to renovate the existing 3,244-square-foot building to house its showroom. It’s “likely” to take advantage of the zoning and construct a larger development, said Aaron Labovitz of ABL Real Estate Partners, who represented the buyer. The firm does not have concrete plans at the moment, the broker added. It was not clear when the showroom would open.
The seller — EJS, a real estate investment firm based in both Aventura, Fla., and Luxembourg — purchased the property for $6.9 million in 2015, property records show. DWNTWN Realty Advisors’ Tony Arellano and Devlin Marinoff represented the firm in the transaction.
Founded in Sydney, Australia, in 1976, Harbour Outdoor produces both indoor and outdoor furniture. A simple sunbed costs a cool $1,695, and $4,295 for a marble coffee table, according to the company’s website.
As wealthy residents flock to Miami and snap up properties, the Design District has attracted other home furnishing companies in recent months.
In June, BSH Home Appliances Corporation — a manufacturer that produces high-end appliance brands Bosch, Gaggenau and Thermador — signed a lease at Design 41 to open an office and showroom. Restoration Hardware, now known as RH, inked a lease for a property on the west end of the neighborhood, The Real Deal reported.
In Miami-Dade County, transactions for luxury condos at more than $1 million, surged 651.6 percent in the second quarter of 2021, according to data from the Miami Association of Realtors. Deals for similarly priced single-family homes grew by 346.4 percent during the same period.
ABL Real Estate Partners’ Brandon Lumish and Douglas Elliman Real Estate’s Joyce Gato represented the buyer in the transaction.
