Craig Robins’ Miami Design District Associates and Bippy Siegal’s Raycliff Capital scored two high-profile office leases at Sweetbird North, their trophy office-retail project that just started construction.
Billionaire Apollo Global Management co-founder Josh Harris’ private equity firm took an undisclosed amount of space in the project, at 95 Northeast 40th Street. And a membership-based medical practice and research company signed for 55,000 square feet across the building’s fourth and fifth floors, according to an announcement from MDDA and Raycliff.
That tenant, New York-based Atria Health and Research Institute, will have a private ground-floor entrance in the building, according to the release,
The Snøhetta-designed, eight-story building will span 120,500 square feet, including 92,000 square feet of office space and 22,500 square feet of retail. The project secured a $125 million construction loan in August from Credit Agricole Corporate and Investment Bank and held a groundbreaking ceremony earlier this week. It is expected to be completed in early 2028.
Snøhetta, which has offices in Oslo and New York, is internationally recognized for designing the Bibliotheca Alexandrina in Egypt, the Norwegian National Opera and Ballet, the National September 11 Memorial Museum Pavilion in New York and the redesign of Times Square.
Retail space for Sweetbird North will comprise the first and second floors. The building’s design will feature a layered facade of mesh screens and planted terraces.
Raycliff and Miami Design District Associates, a partnership of Robins’ Dacra, L Catterton Real Estate and Brookfield Properties, are among developers in the Design District bullish on Miami’s influx of companies and executives, especially from New York and California, to drive demand for office space, offering an alternative to business hubs like downtown, Brickell, Coral Gables, downtown Miami and Wynwood.
This year, Lionheart Capital, Leviathan Development, Well Duo and The Lane Organization landed an $85 million construction loan from Monroe Capital for the Mirai Design District, an office-and-retail project at 4218 Northeast Second Avenue designed by Japanese architect Kengo Kuma. The ground-floor retail will be anchored by Italian restaurant Sant Ambroeus, and the office portion will target financial firms and creative-industry tenants.
Nearby, Helm Equities, an affiliate of JEMB Realty led by Ayal Horovits and David Escava, is planning a 36-story mixed-use project under the Live Local Act at 4201 Northeast Second Avenue. In addition to residences, the development would include over 80,000 square feet of office space and more than 45,000 square feet of retail in a separate six-story building.
MDDA and Raycliff are also developing the Fouquet’s Hotel & Residences, Miami Design District, a luxury condo project at 39 Northeast 39th Street designed by Pritzker Prize-winning architect David Chipperfield. Nadim Ashi’s Fort Partners and Qatari firm Constellation Hotels Holding are part of the development team.
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