NEWS
Regarding Luxury includes in its weekly round-up the news of
Time Century Jewelry District
NEWS
Regarding Luxury includes in its weekly round-up the news
of Time Century 

Miami Jewelry District comes to life.

Modern young and fresh jewelry designers from around the world come aboard.

Miami Jewelry District comes to life. Modern young and fresh jewelry designers from around the world come aboard.

Dateline: Miami, Florida, July 27th, 2022.
by Mark Keast and Deborah Scarpa 
Read article in Regarding Regarding LUXURY.

For New York real estate developer Yair Levy, a visit to the Miami Jewelry District a few years ago made him focus on Downtown Miami. Levy has a long history of knowing excellent retail locations, having started his career in the clothing business several decades ago in one of the most competitive markets in New York City.

Looking for an opportunity to buy and develop in locations like Miami Beach, Aventura, and Wynwood did not inspire Levy to take the risk that most developers face when cultivating new markets. Levy always relied on his instinct for up-and-coming locations to guide him on his quest to invest in the hot market of South Florida. He explored all his options and saw opportunity in Downtown Miami.


What was needed was an influx of not only capital but creativity and vitality. Capitalizing on the interest of businesses to relocate to Miami after Covid 19 and the rush of buyers to a red hot Miami luxury real estate market, he locked into a truly unique development opportunity, Levy bought the land that housed the Richard’s Metro Mall at 1 NE 1st Street. There he knew he could meld an influx of affluent consumers moving into all the new luxury condos and apartments currently under construction close to his recreation of Miami’s Jewelry District, bringing all the glitz and glamour of the 50s and 60s into a modern luxury setting. That was the genesis of the idea for an area that generates close to $1 billion in sales annually.

Miami’s Jewelry Sector Melds with One of the U.S.’s Hottest Luxury Real Estate Markets.

“With my background in retail, having owned over 21 stores in the New York area, I was very familiar with the jewelry industry,” Yair Levy said in an interview with Regarding Luxury. “So, when I decided to develop in Miami, I analyzed all the obvious areas before I came to Downtown Miami. When I saw this location, I thought it was a prime opportunity. “Levy states. “A big part of what I have done in the past is marketing. I looked at the area and focused on what was missing and the potential market it could attract.”
“When I saw that jewelry retail was thriving and growing here, I felt the area was missing a nice new building and needed a bold new jewelry center. My broker said; you don’t see anything like this in New York, which made it exciting for me.”

Entrance Façade of 1 N.E. 1st Street Location
Entrance Façade of 1 N.E. 1st Street Location
A New Start for Creative Talent in Jewelry Making

And here we are, in 2022, where the Time Century Jewelry Center is set to open its doors after a $50 million investment. Levy sees his project and a more vibrant jewelry and watches center as a magnet for cutting-edge young modern jewelry designers to join the bedrock retailers already on site, and many are looking to make their mark in one of the country’s top luxury real estate markets. This melding of the new generation with established companies is meant to spur a call to action in jewelry making, diamond cutting, and retail concepts. That is why Time Century Jewelry Center will be marketed as a destination.
Levy likes to travel the world searching for inspiration, and the materials are not only eco-friendly but reflect a modern sensibility for materials, design, and furnishings he found on his adventures in Italy, Turkey, Israel, and Europe.

Atrium and escalators in the Time Century 
Atrium and escalators in the Time Century 

New York developer Yair Levy, center with family who all work at Time Century Holdings

New York developer Yair Levy, center with family who all work at Time Century Holdings

Miami Jewelry District Comes to Life: Modern Fresh New Collections from Around the World

“There will be an exclusive floor just for diamond dealers, cutters, and designers,” Levy says. “That was also missing from the area.” Valet parking and two new upscale restaurants will also mark this new anchor tower at 1 NE First Street in one of the fast-growing downtown areas in the country. Time Century Jewelry Center is on a prominent street corner and designed with a beautiful façade by Kobi Karp Architects in one of the most walkable cities in North America.
DGA Security Systems, one of the industry’s top consultants in security, will be part of the offerings to tenants at Time Century. DGA specializes in protecting diamond and jewelry businesses with multiple security protocols for tenants and visitors alike.
“We plan to make Time Century Jewelry building a secure environment that will both promote business and protect inventory,” says Levy. “We know how important security is for our tenants.”

New Affluent Consumers Move to Downtown Miami

With an influx of affluent consumers moving into Downtown Miami, there’s an opportunity to turn this area into a world-class jewelry destination.
“Make it a worldwide hotspot for jewelry and watch purchases, is the way I see it,” Levy says.

Time Century Jewelry Center will house over 300 jewelry stores and jewelry-related offices

The district currently generates close to $1 billion in sales annually and is slated for dramatic growth. Time Century Jewelry Center has easy access to Metro Rail, People Mover and the Brightline train, connecting Miami to Fort Lauderdale West Palm Beach and Orlando. They are minutes away from the Port of Miami, known worldwide as the "Cruise Capital of the World." Millions of tourists visit Downtown Miami each year, and many more are expected to arrive as soon as the Brightline commuter train opens the station in Orlando, connecting Miami tourists to Orlando's theme parks.

All of this will service and entertain the dramatic increase in residential living areas now being developed surrounding the Time Century Jewelry District. The City of Miami has been ranked as the fourth "Most Walkable City" in the U.S. because of its Downtown historic buildings, restaurants and now a modern secure exclusive jewelry and gem tower through the vision of Yair Levy and Time Century Holdings.

For more information about Time Century Jewelry Center leasing options please call Isis Pellegrino + 786.534.8550 or visit our Website : www.TimeCenturyJewelryCenter.com
Contact Isis@TCJewelryCenter or call +786.486.2934
MEDIA CONTACT: DEBORAH J SCARPA MIAMI DJS3 LLC Ph : +305.586.4022 Email : deborah@djs3llc.com

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