Photos Of Construction At Downtown Miami’s Time Century Jewelry Center, Where A Turkish Jeweler Recently Signed A Lease

Construction is underway at the Time Century building in downtown Miami, which is being rebuilt into a Jewelry Center.

Time Century LLC is spending $50 million to rebuild the former Metro Mall building.

The developer has also announced a newly signed lease, bringing a luxury jeweler from Turkey that is new to the market.

Istanbul-based Markaled will occupy 1,500 square feet, with plans to open its doors in the second quarter of 2022.

In total, nearly 60 percent of the building is now leased. Rental rates range from $65 to $150 per square foot.

The jewelry center will have four floors of luxury jewelry retail and wholesale space, as well as four additional floors of offices.

The Time Century building is located in Miami’s jewelry district, which is home to more than 400 jewelry stores in a four-block radius. The district generates close to $1 billion in sales annually.

Sales of jewelry are said to have increased during the pandemic. Data from Edahn Golan Diamond Research & Data shows that sales of high-end jewelry like diamond rings and gold necklaces were up 10 percent in August 2020 compared to the same month last year.

Opening of Time Century is set for mid-2022.

Time Century is led by Yair Levy, who recently moved from New York to Miami to oversee the project closely.

 

(photos: Aaron DeMayo)

 

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Anonymous
10 months ago

Great revitalization effort for an area that desperately needs more attention (looking at you Mana). Maybe the Turkish jeweler will be a draw for prospective Okan buyers. I have heard that the Turkish love to buy gold as a hedge against their currency so maybe they can park their money in real estate and gold here in Miami.

Anonymous
10 months ago

But… but… Mana said…

Anonymous
10 months ago

They should add a rooftop bar to this building

Anonymous
10 months ago

For the “Infidels”?

Anonymous
10 months ago

If you were trying to be sarcastic or cheeky, you ended up just being insensitive, offensive. Expand your worldview.

Anonymous
10 months ago

GOOD !!!!

Anonymous
10 months ago

Ever notice how much more graffiti and vandalism is prevalent in the area ever since Moshe Manlet starting slumming it up? …and no, it’s not “art.”

Anonymous
10 months ago

is this whole sale or retail? If retail who in the world is going there to buy anything of hi value??

Anonymous
10 months ago

Retail, this area was well known and to a lesser degree, still known from jewelry. Just needs a face lift and more density in its vicinity.

Anonymous
10 months ago

The jewelry malls across the street has been packed for decades.

Anonymous
10 months ago

One billion in sales annually. Enough said.