Hermès is trading the established Bal Harbour Shops for the burgeoning Miami Design District, an 18-square-block area with a hip undercurrent that’s in the throes of gentrification.
The move gives Hermès the opportunity to open a 10,000-square-foot two-level flagship in the Design District in fall 2013, more than double the size of its existing 4,500-square-foot unit at the Bal Harbour Shops. The retailer’s lease expires Dec. 31, 2012. Hermès in January will operate a temporary store in the district until its permanent store is ready.
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