Lionheart Capital & Leviathan Welcome Kengo Kuma's 1st US Project with 57.5K SF Mixed-use Development in Miami

Japanese Architect Kengo Kuma to Design First U.S. Mixed-Use Project in Miami

Renowned Japanese architect Kengo Kuma is set to make his mark on the U.S. real estate scene with his first mixed-use project in Miami. The project is a collaborative effort between Lionheart Capital, Leviathan Development, and Well Duo. The development, dubbed MIRAI Design District, will be a significant addition to Miami's Design District.

MIRAI Design District: A Glimpse into the Future

The MIRAI Design District is an ambitious 57,500-square-foot development. It will feature 17 modular retail spaces on the first floor, accounting for 15,500 square feet. The remaining 41,000 square feet will be dedicated to office space spread across the second and third floors. This innovative project is expected to commence construction next summer and aims for completion by the end of 2025.

Behind the Scenes: The Developers and Investors

Lionheart Capital, led by Ophir Sternberg, acquired the remaining interest in the property at 4218 Northeast Second Avenue in October for $5.5 million. This building currently houses Lionheart’s headquarters. The development site includes this property, as well as 4200 and 4240 Northeast Second Avenue. These latter two lots were sold to Lionheart Capital, Leviathan Development, and Well Duo by Miami Design District Associates for $20 million in September.

Green Innovation: A Sustainable Approach

One of the standout features of the MIRAI Design District will be its green roof, complete with solar panels. This sustainable approach to design is in line with the growing trend towards eco-friendly real estate developments. Nathan Browning’s Island Planning Corporation will be responsible for designing the landscaping of the project.

Transforming Miami's Design District

The Miami Design District has undergone a significant transformation over the past decade, becoming home to numerous high-end designer stores and restaurants. The MIRAI Design District project is set to further enhance this vibrant neighborhood. Miami Design District Associates also have plans for a 15-story Class A office building called the Ursa at 30 Northeast 39th Street.

Conclusion

With the MIRAI Design District, Kengo Kuma's architectural genius will soon be on full display in the U.S. This project is a testament to the dynamic and innovative nature of Miami's real estate market, offering exciting opportunities for investors and businesses alike.

Note: The developers have not disclosed the office and retail leasing rates for the MIRAI Design District.