Popular Burger Chain Chooses Open-Air Lifestyle Center at 901 South Miami Avenue to Expand in South Florida
MIAMI – RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, announced today that it has arranged a 2,980-square-foot lease with Shake Shack at The Shops at Mary Brickell Village, the three-story, open-air lifestyle center situated at 901 South Miami Avenue. The modern day “roadside” burger stand that has gained a cult following around the world will open in spring 2018. This will be Shake Shack’s first location in Brickell and its fourth in South Florida.
RKF Executive Vice President Drew Schaul and Senior Director John Ellis represented the landlord in the transaction. CBRE’s Paco Diaz represented Shake Shack.
Spanning two blocks on South Miami Avenue between 9th and 10th Streets, Mary Brickell Village is an open-air, live-work-play destination comprising 59 retail stores and 800 parking spaces. The center includes 195,988 square feet of retail space designed for food and beverage, fashion, and health and wellness. The addition of Shake Shack is part of a comprehensive improvement program to upgrade the entire center. Shake Shack has plans to build a 3,000-square-foot standalone building with a patio in the east courtyard of the center, along South Miami Avenue.
Located in Miami’s Brickell neighborhood, known as the financial hub of South Florida, Mary Brickell Village caters to the needs of its large population of daytime workers and has become a shopping staple for tourists and residents alike. The downtown area has recently seen a surge in full-time residents from 13,000 to 95,000, the majority in their mid-thirties with an impressive average household income of $127,758. The complex is situated just south of Brickell City Center, a 5.4 million-square-foot mixed-use development. Noteworthy tenants at Mary Brickell Village include LA Fitness, Publix, Starbucks, PF Chang’s, Fado, Toscana Divino, Blue Martini, Edward Beiner, Baru, Fed Ex Kinko’s, and Regions Bank.
“Brickell has seen tremendous growth of its residential population in recent years; affluent professionals seeking exciting food options, gourmet coffee shops, fashion and accessories brands, and fitness specialty studios,” said Ellis. “Shake Shack helps send the message to aspirational and lifestyle retailers and eateries they should call Mary Brickell Village home.”
As the exclusive retail leasing agent at Mary Brickell Village, RKF is currently marketing retail and restaurant opportunities.
The leading independent real estate firm in North America specializing in retail leasing, investment sales and consulting services, RKF serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and dispositions. With approximately $30 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, San Francisco, Tokyo and Toronto. RKF operates in Canada as RKF Group Canada Realty, a retail brokerage.
About Shake Shack
Shake Shack is a modern day “roadside” burger stand known for its 100% all-natural Angus beef burgers and flat-top Vienna beef dogs (no added hormones and no antibiotics ever), 100% all-natural cage-free chicken (no antibiotics ever), spun-fresh frozen custard, crinkle cut fries, craft beer and wine (available at select locations) and more. With its fresh, simple, high-quality food at a great value, Shake Shack is a fun and lively community gathering place with widespread appeal. Shake Shack’s mission is to Stand For Something Good®, from its premium ingredients and caring hiring practices to its inspiring designs and deep community investment. Since the original Shack opened in 2004 in NYC’s Madison Square Park, the company has expanded to more than 85 locations in 18 U.S. States and the District of Columbia, and more than 50 international locations including London, Istanbul, Dubai, Tokyo, Moscow, Seoul and more.
RKF’s Miami office is located at 800 Brickell Avenue, Suite 502, Miami, FL 33131. T: 305.372.6200. www.rkf.com