Skip to main content

Retail and Tech in Miami Continue to Expand

New Miami Blog

Blog
July 23, 2014

At the Beacon Council’s annual One Community One Goal Meeting, national retail department store Macy’s announced that it will be bringing its fashion incubator to Miami in order to foster and keep talent in Miami. In its two other locations in Chicago and Philadelphia, the Macy’s incubator has served as a residency on the business of fashion with a mentoring and educational component that provides training ranging from business planning, sales and marketing to pattern production and proportion theory. These incubators are two of five major fashion incubators in the country, among which is one created by the Council of Fashion Designers of America (CFDA). The Macy’s incubator will select local emerging designers and provide workspace, curriculum, mentoring and other guidance and resources that will help the designers launch their fashion businesses.

Macy’s incubator will join the ranks of Miami incubators such as Venture Hive, which recently partnered with Microsoft to open its first U.S.-based Innovation Center, and future venture incubator CREATE to be opened by Miami Dade College this September. The Macy’s incubator stands out as an incubator that will have a unique retail and fashion focus. There may be an opportunity for fashion and technology to merge if the Macy’s incubator decides to allow its designers to showcase their debut collections online like the CFDA did earlier this year.

Miami is the prime location for such an incubator as the retail industry continues to expand in Miami with, among many other major developments, the growth and development of the Design District, the expansions of Dolphin Mall and Bayside Marketplace and the planned development of Miami WorldCenter, for which Macy’s is an anchor tenant along with Bloomingdale’s.

Based on our experience representing retailers and retail developers, we predict that the retail industry in South Florida will continue to flourish.  A large international tourist base, as well as great year-round weather that shields retailers from the negative effects of long winters, such as those experienced throughout the rest of the country this past winter, are just two reasons why South Florida is the ideal location for the growth of retail. And now, as the rise of the technology industry in Miami boosts entrepreneurship, attracts investors, and encourages the relocation of financial companies, Miami is no doubt an ideal place for an incubator that will train fashion designers and prepare them to launch successful fashion businesses.

RELATED PEOPLE
Javier F. Aviñó

Javier F. Aviñó

Partner, Land Development & Government Relations Practice Group Leader
YOU MIGHT ALSO LIKE
New Miami Blog March 02, 2015
The University of Miami held its fourth annual Real Estate Impact Conference on February 18th at the JW Marriott Marquis Miami in Downtown Miami. In front of a standing room only crowd of approximately 600 people, both local and national real estate heavyweights spoke on topics such as Retail Evolut...
New Miami Blog May 12, 2014
While the rest of the country is slowly pulling itself out of recession, Miami is in the midst of a building boom that not only signifies its strong recovery, but is putting South Florida on par with New York City as a global power center. At the time of the 2008 economic downturn, Miami had the thi...
Publication October 16, 2014
When developers delivered three new Class A office buildings in Downtown Miami/Brickell into 2010's slowed economy, some industry watchers expected the new buildings to struggle for years.
VIEW MORE