The company announced that they have signed a lease to open at the base of the SLS Lux tower, across from Brickell City Centre.
“We are excited for Chipotle to expand into the Brickell market and the space at SLS Lux offered a great location in the center of the action,” said Craig Fetherston of The Shopping Center Group, who represented Chipotle in the lease.
This will be Chipotle’s first location in Miami’s urban core.
Chipotle will be taking the corner space totaling 2,095 square feet, complete with wrap-around outdoor seating.
Other new tenants were also announced for the SLS Lux retail space, which totals 11,500 square feet.
Italian specialty pizzeria Bellillo, which currently has three locations across Europe, and Ojo de Agua, a fresh, health foods concept expanding from Mexico will be opening there, as well as Kaori Sushi.
Bellillo will occupy just under 1,500 square feet. The menu will serve up an array of starters and authentic Neapolitan pizzas with creative toppings. The pizzeria first opened in London before expanding to Barcelona and Napoli.
Ojo de Agua opened its first location in Mexico City in 2013. This will mark the concept’s first location to open in the U.S.
Meanwhile, Miami favorite Kaori Sushi has decided to relocate from its original location in Brickell at 1250 S Miami Ave. and expand its space by an additional 2,500 square feet. The popular Asian concept will have its own entrance on the building’s ground level with a private elevator that takes patrons to the mezzanine level.
The brokerage team of Zach Winkler, JLL South Florida Retail Market Lead, and Jonathan Rosen, Senior Associate, along with Hernan Gleizer of Optimar International, represented the landlord, LUX SMA Retail Corner, LLC, in the lease negotiations. On the tenant rep side, Craig Fetherston and Brian Fetherston of The Shopping Center Group represented Chipotle, Maurizio Galle of Avenue Real Estate Partners advised Bellillo, and Julian Acosta with Keller Williams represented Ojo de Agua.
According to JLL’s Florida Retail Report, occupancy rates in Miami-Dade County were up significantly across the board, with occupancy rates in the Brickell submarket at 98.3%. Asking rents in Brickell stand at $118 per square foot, the report says.