Barneys New York Signs Lease At Bal Harbour Shops

It’s official: Barney’s New York is coming to Bal Harbour Shops.

 

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 squarefoot
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.