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Seriously if you consider these to be second tier you no nothing about fashion. If anything these moves them to a more cutting edge fashion center. Stella Mcarntney and A. macqueen to to of the most cutting edge designers out there. Stella mcartney(pauls daughter) is considered to be a pioneer in the emergence of fashion in NY meat packing district.

So will the BHS demo happen before or after the expansion project? And will it happen as the economy improves or will they wait until it's already back to full health?

nvmnd

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The economy in Miami is booming and Bal Harbour is benefiting from it. The new tenants are clearly second tier brands, and the loss of their exclusivity agreements will lead to continued erosion in market share.

Wait a minute. A second ago BH should just get ready to shut down and now they are just going to lose a little bit of market share. :ohno:

I'm not arguing that BH will continue to post RECORD SALES. But to insinuate that they would/should close soon it pure hyperbole.

Seriously if you consider these to be second tier you no nothing about fashion. If anything these moves them to a more cutting edge fashion center. Stella Mcarntney and A. macqueen to to of the most cutting edge designers out there. Stella mcartney(pauls daughter) is considered to be a pioneer in the emergence of fashion in NY meat packing district.

^^Exactly right. As brands like LVMH become more popular they began to lose some of their allure. You can walk down the street and see multiple people with knock off LV handbags. These are mature brands that can now be acquired multiple places including most local malls.

I was on a flight back to Miami the other day and chatting with an older couple that was visiting. They were from Tennessee and they owned their own funeral insurance business. They were looking forward to shopping at BH and buying things they couldn't get at home, hence the trip. Balenciaga only has stores in NY, LA, LV and Miami inside the US.

They want to be exposed to the up and coming brands. Not just buy a LV bag, which as I pointed out can be done at pretty much most malls. My fiance bought me a Goyard wallet as a present. Goyard only has stores in Beverly Hills, Boston, NY and SF. She picked it up during a trip. These are they types of stores that BH is and should be going after.

Design District on the other hand need big recognizable brands to bring in the masses. You put a Goyard store in the Design District and it might be profitable but it isn't going to drive traffic to the area as most people have never heard of it.

^^Exactly right. As brands like LVMH become more popular they began to lose some of their allure. You can walk down the street and see multiple people with knock off LV handbags. These are mature brands that can now be acquired multiple places including most local malls.

I was on a flight back to Miami the other day and chatting with an older couple that was visiting. They were from Tennessee and they owned their own funeral insurance business. They were looking forward to shopping at BH and buying things they couldn't get at home, hence the trip. Balenciaga only has stores in NY, LA, LV and Miami inside the US.

They want to be exposed to the up and coming brands. Not just buy a LV bag, which as I pointed out can be done at pretty much most malls. My fiance bought me a Goyard wallet as a present. Goyard only has stores in Beverly Hills, Boston, NY and SF. She picked it up during a trip. These are they types of stores that BH is and should be going after.

Design District on the other hand need big recognizable brands to bring in the masses. You put a Goyard store in the Design District and it might be profitable but it isn't going to drive traffic to the area as most people have never heard of it.

These are not top tier tenants, just look at their credit rating. Last time I checked BHs biggest selling point was $/SF not Fabulous/SF. Question what happens to BH when the Design Districts gets the big anchors LVs and the boutiques (Goyard's of the world). Again I want to remind everyone LVMH is not opening a store in the Design District they are equity partners of the entire project. I am not saying that BH will go away it just will never be what it once was, only game in town when it comes to high-end shopping.

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If fashion was about credit rating then bal harbor would fill up with target and wal mart.
so if the collection were to lose porsche and audi but gained bugatti and maclaren you would tell me that they aren't dominant any more? Fashion is about exclusivity which bal harbour was lacking and quite frankly miami lacked. You can buy a LVX bag or wallet at the falls or dadeland. The rich and famous always want the next hot thing. when was the last time you saw a hollywood star sporting a luis vuitton purse with the logo on the red carpet? Lol. Exactly my point they would not be caught dead with one. They may mot habe the revenue of a lvmh, but the product is considered by far more fashion forward. What do you think Marc Jacbos or Micheal Kors or Tory Burch's credit rating was like 10 or 15 years ago. Stevn Madden went to bankruptcy. Do you really think the rich and famous consider credit rating when buying the latest design?

If fashion was about credit rating then bal harbor would fill up with target and wal mart.
so if the collection were to lose porsche and audi but gained bugatti and maclaren you would tell me that they aren't dominant any more? Fashion is about exclusivity which bal harbour was lacking and quite frankly miami lacked. You can buy a LVX bag or wallet at the falls or dadeland. The rich and famous always want the next hot thing. when was the last time you saw a hollywood star sporting a luis vuitton purse with the logo on the red carpet? Lol. Exactly my point they would not be caught dead with one. They may mot habe the revenue of a lvmh, but the product is considered by far more fashion forward. What do you think Marc Jacbos or Micheal Kors or Tory Burch's credit rating was like 10 or 15 years ago. Stevn Madden went to bankruptcy. Do you really think the rich and famous consider credit rating when buying the latest design?

So let me get this straight, what you are saying when LV, Hermes, Cartier, Hublot, Bvlgari and many more leave BH it will be more exclusive. The owners of BH have the same mind set as you thats why they are planning an EXCLUSIVE theater the same as Dolphin Mall.

If fashion was about credit rating then bal harbor would fill up with target and wal mart.
so if the collection were to lose porsche and audi but gained bugatti and maclaren you would tell me that they aren't dominant any more? Fashion is about exclusivity which bal harbour was lacking and quite frankly miami lacked. You can buy a LVX bag or wallet at the falls or dadeland. The rich and famous always want the next hot thing. when was the last time you saw a hollywood star sporting a luis vuitton purse with the logo on the red carpet? Lol. Exactly my point they would not be caught dead with one. They may mot habe the revenue of a lvmh, but the product is considered by far more fashion forward. What do you think Marc Jacbos or Micheal Kors or Tory Burch's credit rating was like 10 or 15 years ago. Stevn Madden went to bankruptcy. Do you really think the rich and famous consider credit rating when buying the latest design?

This is the point I was making earlier. Why do you think they sell LV in pretty much every mall these days if it was an exclusive brand for the wealthy? On the other hand Goyard is very nondescript and only sold in a 4 locations in all of the US. We had to fly to SF to get my wallet. Needless to say I didn't have to worry about every other person having my same wallet.

And that's a huge portion of fashion and BH is working to build that exclusivity. They were willing to keep LV but if they were going to build a store around the corner and not give them a percent of the profits then they rather fill that space with another exclusive retailer.

Miami is very under-served when it comes to retail. There is plenty of room for more retail. BH is making the smart move of maintaining exclusivity as the retail options grow. You can go to Dadeland, Aventura, Merrick Park,and probably soon Resort World or Citicenter, etc if you want LV. But BH will remain the place to go for the wealth to go and buy exclusive luxury items. And that's what that wealth couple from Tennessee was looking for. You want to take your wife out and by her a nice piece from Agent Provocateur, well you only have a few options. NY, LV, Boston, Chicago and BH. That's part of the allure.

LV has sort of become a like a BMW, Mercedes, Audi, etc. Sure they sell $100k cars, but they also sell $30k cars that every other person in South Florida owns. So I agree with you analogy. Sure they'll lose the traffic of the occasional non rich person like myself who will go to buy that $30k car or in this case an $800 bag, but let's be honest I wasn't really going to buy much else. And to be honest they probably rather not have me there at all. It's why you put an Alchemist Boutique store on the upper levels of 1111 Lincoln where most people wont even know its there. A huge part of fashion is having something that every other person doesn't have. That's hard to do when the products are in the mall.

So let me get this straight, what you are saying when LV, Hermes, Cartier, Hublot, Bvlgari and many more leave BH it will be more exclusive. The owners of BH have the same mind set as you thats why they are planning an EXCLUSIVE theater the same as Dolphin Mall.

Bal harbor has been trying to get a theatre and space for events for over a decade. And what they've been targeting for restaurant space and movies has always been on the upper end. Which is why when news cafe approached them several years ago they were very reluctant. So I guess those are the only luxury retailers out there. Tell me this with lvmh closing how have their numbers gone up? Why would bergdoff be interested in open a store there? Read the list of retailers that that lvmh operates 5 of them have stores at bal harbour. So you think these 5 will lead to their demise? Don't you think that they would have waived the radius restriction if they were really threatened? How could you argue this when their numbers have gone up?

Needless to say I didn't have to worry about every other person having my same wallet.

God forbid :tongue2:

^^
And did someone actually type the phrase "fashion forward" without slapping themselves afterwords?

^^
And did someone actually type the phrase "fashion forward" without slapping themselves afterwords?

:lol:

On the other hand Goyard is very nondescript and only sold in a 4 locations in all of the US. We had to fly to SF to get my wallet. Needless to say I didn't have to worry about every other person having my same wallet.

I haven't laughed this hard in a long time

I haven't laughed this hard in a long time

What would be funny about that?????

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