Target has signed a lease to open a new store in South Beach.
The company will open a store inside Comras Company’s new three-story, 66,389-square-foot BLVD at Lenox at 527 Lenox Avenue, which will replace a former nightclub.
It will be a smaller-format store, sized at just 33,157 square feet. By comparison, the Fifth & Alton complex next door includes a 44,586-square-foot Publix and a 36,128-square-foot Best Buy.
Based on the lease documents, the retailer is likely planning to sell groceries and have a pharmacy. The terms of the deal prohibit a supermarket, pharmacy, or Amazon-type lockers anywhere else within the new project.
Zyscovich is the project architect.
Update: Target issued a press release confirming the store. Groundbreaking is scheduled for early 2018, with completion in spring 2019.
plans approved by historic preservation board last year: