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Miami, FL - With Miami's Brickell Financial District experiencing a sharp uptick in the number of residents and businesses that call the area home, the district's newest hotel property is prepared to deliver 10,000 square‐feet of new retail/restaurant space to the market. The underconstruction
Hampton Inn & Suites Miami Brickell‐Downtown, set to open this fall at 50 SW 12 Street, offers retailers and restaurant operators an opportunity to capitalize on rising population growth in
the surrounding neighborhood, an influx of commercial activity throughout Downtown Miami, and the steady flow of visitors who will occupy the Hampton Inn & Suites' 221 guest rooms and 3,500 square feet of meeting space.
The delivery of the Hampton Inn & Suites Miami Brickell‐Downtown will mark an important boost to Downtown Miami's inventory of mid‐range hotel rooms; high‐end properties account for roughly 55percent of the market and mid‐range rooms makeup only about 1,000 of Downtown's 6,500 rooms, according to Miami Downtown Development Authority research.
The 10,000 square‐foot street level retail space, accessible from southwest 12th street, is the largest contiguous block of restaurant product now available in the Brickell Financial District. The store front space can be divided for multiple users and offers ample on‐site parking, making it ideal for restaurant operators ranging in size from 2,000 to 8,000 square‐feet. Hospitality Operations, Inc., the Miami‐based developer of the new Hampton Inn & Suites, has engaged Kerry Newman of the brokerage firm Koniver Stern Group to spearhead the leasing of the space.
"The Hampton Inn & Suites Miami Brickell‐Downtown will be the newest mid‐range lodging option in a Downtown Miami market that is enjoying heightened popularity as an international destination for visitors and businesspeople," said Bernard Wolfson, president of Miami‐based Hospitality Operations, Inc., the project's developer. "This dynamic, coupled with the hotel's mid‐market appeal
and the Brickell area's emergence as a hotbed of residential and commercial growth, means our street‐level storefronts offer big business opportunity for restaurateurs seeking a presence in the area."
The delivery of another 10,000 square‐feet of retail/restaurant space in Downtown Miami comes
just as the area welcomes a flurry of new retail and restaurant openings as operators tap into dramatic residential growth that has seen the area's population nearly double in the past decade. Since 2009, Downtown Miami has welcomed a total of 76 new shops and restaurants just as residential occupancy in the district's high‐rises has risen from 62% to 85%, according to a recent study by the Miami Downtown Development Authority.
Property features include a 210‐space parking garage offering convenient and affordable parking for restaurant patrons, the availability of monument signage fronting SW 12 Street, and close proximity to public transit options, including MetroRail and MetroMover. The hotel will feature a modern, upscale interior design reminiscent of a luxury property.
"Downtown Miami and the Brickell Financial District are experiencing a classic case of ‘retail
following rooftops,'" said Lyle Stern, president of Koniver Stern Group, which is leasing the Hampton Inn & Suites' street‐level space. "With more and more people moving into the area and the number of visitors in Downtown Miami on the rise, there are multiple drivers luring retail businesses to the area. The Hampton Inn & Suites property offers a pedestrian‐friendly location, convenient on‐site parking, and a strong built‐in customer base. It's an ideal setting for a mid‐range restaurant in a submarket that has seen diminishing supply."
Construction of the 15‐story Hampton Inn & Suites Miami Brickell‐Downtown began in mid‐2010
and topped‐off in early 2011. The project, which is LEED‐registered, will include a number of
sustainable features, including a 35,000 gallon cistern to collect rainwater for irrigation purposes, low‐flow water fixtures, and an Ozone laundry system designed to reduce the consumption of water, energy and chemicals. John Moriarty & Associates of Florida is general contractor.
For leasing information, please contact Kerry Newman at Koniver Stern Group at 305‐532‐6100.
About Hampton Inn & Suites Miami Brickell‐Downtown
Hampton Inn & Suites Miami Brickell‐Downtown is a 15‐story, 221‐room hotel located at 50 SW 12th Street in Miami, Florida's Brickell Financial District. Featuring a modern, upscale interior design, the hotel includes contemporary amenities including a rooftop pool, full‐service bar and exercise room with free, hot breakfast daily and complimentary wireless internet. The property also features 10,000 square feet of street‐level retail space and 3,500 square feet of meeting space - all within walking distance to dozens of shops, restaurants and office towers in addition to Miami's public transportation systems. The hotel, which is LEED registered with the US Green Building Council, was developed by Miami‐based hotel development firm Hospitality Operations, Inc. which operates a portfolio of five Hampton Inn franchises in South Florida, including properties in Coconut Grove, Pembroke Pines, downtown Ft. Lauderdale and the Miami Airport market. Learn more at www.hamptoninnmiamibrickell.com.
About Hampton by Hilton As the number one ranked franchise for the past eight years, according to Entrepreneur®, Hampton by Hilton, including Hampton Inn by Hilton and Hampton Inn & Suites by Hilton, serves value-conscious and quality-driven travelers with more than 2,200 properties totaling more than 223,000 rooms in 19 countries and territories. High quality accommodations and amenities, such as complimentary Wi-Fi and free hot breakfast, contribute to Hampton by Hilton ranking as a leader in its segment. Hampton by Hilton Team Members deliver friendly, authentic, caring and thoughtful service defined as Hamptonality. Hampton by Hilton is part of Hilton Honors, the award-winning guest-loyalty program for Hilton’s 14 distinct hotel brands. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, an exclusive member discount that can’t be found anywhere else, free standard Wi-Fi and digital amenities like digital check-in with room selection and Digital Key (select locations), available exclusively through the industry-leading Hilton Honors app. For more information about Hampton by Hilton, visit www.hampton.com or news.hampton.com and connect online at Facebook, Twitter, YouTube and Instagram.