MIAMI—Downtown Dadeland's retail component is getting fresh leasing traction with its new ownership group. The joint venture between Duncan Hillsley Capital and Pebb Capital in partnership with Canyon Capital Realty Advisors that acquired the lifestyle retail center in August has inked 33,293 square feet on five new leases at the 127,000-square-foot dining and shopping complex located across Kendall Drive from Dadeland Mall. 

“Our tenants are the most important ingredient when it comes to creating a lifestyle destination that will be enjoyed by nearby residents who make Downtown Dadeland part of their daily routine,” says Shane Hillsley, managing director of Duncan. “We'll be repositioning the property through a new branding campaign, capital improvements, and special events that appeal to families and young professionals in the area.”

Here's the new tenant lineup: Flippin' Pizza will occupy 2,100 square feet beginning this month; Verizon will take 6,770 square feet when it opens in November; and sandwich shop Which Wich will take down 1,506 square feet when it opens this December.

Next year, Hospital Corporation of America will open a medical office occupying 19,467 square feet and OCC Burger will open a 3,450-square-foot restaurant next February. Current tenants include West Elm, Chili's Bar & Grill, Lime, World of Beer, Men's Wearhouse, and Panera Bread. Continental Real Estate Companies (CREC) handles leasing and property management for the retail asset.

“Downtown Dadeland offers the best of both worlds—dynamic energy in an urban setting along with easy access to some of Miami's most desirable residential neighborhoods,” explains Carol Brooks, president and cofounder of CREC. “Our tenant mix offers something for everyone, from the perfect cup of coffee and yoga classes, to sidewalk cafes and some of the liveliest Happy Hour events in town."

The 7.5-acre retail complex is close to Miami-Dade's Metrorail system, major thoroughfares like US 1 and the Palmetto Expressway, and neighborhoods such as Pinecrest, South Miami, Coral Gables, and Kendall. Demand drivers for the area include Dadeland Mall, 416 residential condo units within the property, 2 million square feet of adjacent office space, several hotels within walking distance and over 3,000 multifamily units nearby.