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Home My Public Portal AboutLTC 211-2017 Barneys Signs Lease with the Bal Harbour ShopsBAL HARBOUR - VILLAGE - OFFICE OF THE VILLAGE MANAGER To: From: Jorge M. Gonzalez, Village Manager tj-4.{ Date: December 22, 2017 Subject: Barneys New York Signs Lease with the Bal Harbour Shops LETTER TO COUNCIL NO. 211-2017 Mayor Gabriel Groisman and Members of the Village Council The purpose of this Letter to the Council (LTC) is to transmit to you the attached Press Release from the Bal Harbour Shops announcing that a lease has been signed with Barneys New York. A 53,000 square foot store, including the iconic Fred's at Barneys New York, will anchor the shopping center's recently approved expansion project. It will be the first Florida location for Barneys New York. You will recall that there was much speculation regarding this tenant during the consideration of the expansion project. This is good news for the Shops and represents a highly desirable tenant for the destination. Should you have any questions, please contact me. JMG 13 1 Harbour Stiops Contact: Gotmar Giron Director of PR & Special Events 305.866.1817 GGiron@balharbourshops.com Contact: Cece Feinberg Cece Feinberg Public Relations 305.532.3467 cece@feinbergpr.com BARNEYS NEW YORK TO ANCHOR BAL HARBOUR SHOPS EXPANSION WITH FIRST FLORIDA LOCATION AND FREDS AT BARNEYS NEW YORK RESTAURANT (Bal Harbour, FL, December 18, 2017) — Following years of careful planning, Bal Harbour Shops is thrilled to announce it has signed a lease with luxury specialty retailer Barneys New York to open the brand's first Barneys New York location in Florida. The 53,000 s/f store, including the iconic Freds at Barneys New York, will anchor the upscale shopping center's recently approved $400 million expansion plan. "No fewer than three generations of my family have worked in one capacity or another for nearly four decades to make this happen, so we could not be any happier if we tried about Barneys New York finally coming to Bal Harbour. Theirs has always been a unique and compelling perspective on fashion and on luxury - and through Freds, on food, too - and we know their point of view will resonate with our customer. We are proud and humbled to welcome Barneys New York into the Bal Harbour Shops family," Matthew Whitman Lazenby, third generation leader of Bal Harbour Shops and President and Chief Executive Officer of Whitman Family Development, LLC. Barneys New York leadership signed a long-term lease with Bal Harbour Shops making a significant commitment to the area. "It's a milestone for Barneys New York to launch our first location in Florida at Bal Harbour Shops, which attracts the best clients from around the globe, who mirror today's Barneys clients," said Daniella Vitale, CEO & President, Barneys New York. "We're excited for Bal Harbour shoppers to experience Barneys New York's renowned approach to creating environments with exclusive, rare and highly -edited products coupled with luxury services, food, and digital experiences." Launching in conjunction with Barneys New York at Bal Harbour Shops, Freds at Barneys New York is an iconic restaurant serving innovative European -inspired and contemporary American cuisine. Freds offers a dining experience that captures the style and elegance of the iconic store in which it resides alongside the world's most coveted fashion designers. Executive Chef Mark Strausman will create a custom menu for the Bal Harbour location, using the best locally -sourced ingredients and changing menu items seasonally. Brick and mortar locations continue to deliver trust, confidence, and an important social experience for shoppers, according to iModerate Research Technologies' Marketplace Insights Report. In fact, according to that report, 74 percent of shoppers believe it's important for brands to have physical stores versus an online -only presence. This sentiment was strongest among Millennial and Gen Z shoppers surveyed in the report. These results seem to hold uniquely true for the Bal Harbour Shops, which industry experts say is poised for 10% growth due to the mall's ultra -luxe tenants and international appeal. Barneys New York, along with Freds, is slated to open in 2023 in conjunction with the 350,000 square - foot Bal Harbour expansion, which will accommodate the lengthy waiting list of approximately 70 additional luxury boutiques. The Shops are now poised to build on their unparalleled fifty -plus year legacy of success with major retail and dining upgrades to the lushly -landscaped, open-air shopping center, which sits just across from the Atlantic Ocean. ABOUT BAL HARBOUR SHOPS Opened in 1965 by retail visionary Stanley Whitman, the family -owned Bal Harbour Shops was the first all -luxury fashion center in America featuring high -end retailers in a tropical, open-air setting. As the "world's most productive" shopping center, according to the International Council of Shopping Centers' Shopping Centers Today magazine and the top selling retail center in the country according to Women's Wear Daily, Bal Harbour Shops quickly became the most exclusive shopping destination in the nation and has remained the industry leader for more than half a century. ABOUT BARNEYS NEW YORK BARNEYS NEW YORK (Barneys) is a luxury specialty retailer renowned for having the most discerning edit from the world's top designers, including women's and men's ready-to-wear, accessories, shoes, jewelry, cosmetics, fragrances, and gifts for the home. Barneys' signature sense of wit and style is manifested in its creative advertising campaigns, original holiday themes, and celebrated window displays. Founded as a men's retailer in 1923 in downtown Manhattan, it became an international arbiter of high style for both women and men in the 1970s, renowned for discovering and developing new and innovative design talent. Today, Barneys New York operates flagship stores uptown on Madison Avenue and downtown in Chelsea in New York City, as well as additional flagships in Beverly Hills, Chicago, Seattle, Boston, San Francisco, and Las Vegas, along with a preeminent luxury online store, Barneys.com, as well as 16 other stores and outlets across the United States. For more information about Barneys New York, please visit www.Barneys.com and explore its luxury content site, The Window, for an insider's look into the Barneys world: a behind -the -scenes visit with exciting designers, fashion, events, and the Barneys team. RELATED LINKS Select Renderings: Dropbox Link to Renderings of Barneys & BH Expansion ###