MIAMI-Retail leasing and condo sales reach 60% and 90%, respectively, in Downtown Dadeland, the $165-million mixed-use redevelopment on SE Kendall Dr. Local tenants Blue Moon, Blu' and Baccio join Bombay Co., Pier 1 Imports, Pier 1 Kids, Chili's, Macaroni Grill, Men's Warehouse and Sprint in the 125,000-sf retail segment of the seven-building complex.

Prime Sites Inc., agent for the retail sector, did not disclose the rental rate. According to fourth-quarter 2004 data from the local office of CB Richard Ellis, the asking average in this area ranges from $23.50 per sf to $33.85 per sf, with the majority at approximately $26 per sf. Monette O'Grady, a Prime Sites principal, says additional home furnishings retailers and services, such as a newsstand, hair salon, mail center, wine and gourmet food shops, more restaurants and cafes and possibly a spa are targeted to complete the retail mix.

Meanwhile, the 416 residential condos include studios and one-, two- and three-bedroom units. Sales prices range from the $100,000s to the low $500,000s. In addition to on-site parking for residents and street-side parking, the complex includes a 569-vehichle underground parking area reserved for shoppers.

The 7.5-acre redevelopment, designed as a village within the city, is a joint venture between locally based Gulfside Development Co. and Los Angeles-based Canyon-Johnson Urban Fund, a subsidiary of Earvin Magic Johnson's Johnson Development Corp. The project is expected to reach completion this fall.