Florida has long been a tax haven for individuals and businesses from high tax state like New York and California, a trend accelerated at a historic pace by the onset of the pandemic. With remote work as the new normal and lifestyle preference shifting, cities like Miami have experienced an influx of tech and finance companies opening offices in the area, and a record number of out of state buyers swooping up property. Following suit is a discernable wave of restaurants bringing their business South, adding a boom to Miami’s food scene.
Luxury real estate specialists Reid Heidenry with ONE Sotheby’s International Realty and Jeremy Hakala, Director of Newmark, recognized the demand from companies relocating to the area and teamed up to help bring some of the country’s finest establishments to Miami. Combining their network and market expertise
“It's really exciting personally and professionally to help facilitate the influx of great businesses into the Miami community,” said Heidenry. “The city did a great job incentivizing tech, finance and crypto companies to move their offices here. That in turn brings more money and a bigger demand for some of these amazing hospitality and restaurant groups. I have always been an ambassador for Miami whenever I travel or speak with friends in other cities, and working with Jeremy has been a game changer because he really does a phenomenal job of getting these businesses set up in the right situation and at the right price so they can thrive in Miami for years to come.”
The duo brokered a long-term lease for Tulum’s iconic Saikuk restaurant opening a new location in Miami’s Magic City Innovation District. The space will allow them to incorporate a 5,000 square foot outdoor garden to mimic the jungles of Tulum and take advantage of the rapidly developing neighborhood.
Renowned LA supper club Delilah’s was also looking to open their first location in South Florida, turning to Heidenry and Hakala for their blended expert guidance. They found the perfect Brickell location with unencumbered, open water views of Biscayne Bay.
"Reid and I working together on these projects provided a unique perspective to our clients that ultimately led to tremendous successes for each deal,” said Hakala. “Reid's understanding of consumer habits and moving patterns was invaluable in the site selection process. Especially for restaurants, it's important to understand where people are moving their residence to and then situating your restaurant in those markets."
Heidenry and Hakala also helped find a new Brickell headquarters for Blocktower Capital, a leading institutional investment firm focused on cryptocurrency and blockchain, that relocated from NYC to Miami.
“Partnering with Jeremy created a dream team situation for our clients and for us,” said Heidenry. “The nuances of commercial real estate deals are very different from residential and no one that I have met understands those nuances and deal points better than Jeremy. At the end of the day, our clients are the real winners because with us, they get both the expertise and perspective from a residential and commercial point of view.”
