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The Time Century Jewelry District, slated to revitalize Downtown Miami’s historic jewelry sector, recently received a statement of support from Miami-Dade County and Mayor Daniella Levine Cava.
Yair Levy, the developer of the Time Century Jewelry Center, is championing the renaissance of this district and will work with the Miami-Dade Beacon Council and the Downtown Development Authority to establish an advisory committee of local, national and international experts that would work together to attract world-class jewelry retailers, manufacturers, designers and diamond dealers to Miami.
A seasoned New York developer, Levy is the first to focus exclusively on the jewelry sector and has committed to invest $50 million in the Time Century Jewelry Center meant to house almost 300 jewelry-focused businesses and anchor the district. Levy feels the time has arrived to “take a lightning rod” to Miami’s jewelry sector, and knows that convening an advisory committee of experts will provide the shared vision needed to accelerate that growth.
One of those leaders is Haygo Demir, an expert in jewelry manufacturing and retail distribution.
“I am all about growth in the jewelry industry and feel that the Miami market is positioned for substantial growth and wanted to help develop this new opportunity,” said Demir, founder of Demir Group International, a sales and marketing agency for leading jewelry and watch brands that distribute to cruise retailers, in Southeast U.S., Caribbean, Central, and South America. Demir brings expertise in retail tourism and the cruise industry.
Kirsten Darrow, a distinguished authority on jewelry retail, consumer trends and strategic positioning, has been named to a vital role with the advisory board. Darrow will focus on the development of key industry relationships for the Miami market.
“Jewelry is universal, meaningful, and is an industry built on relationships. I am thrilled to help cultivate and bring new, valuable relationships and partnerships to this landmark opportunity that will benefit Downtown Miami, the jewelry industry and deliver an unparalleled customer experience,” Darrow said.
Deborah Scarpa, of DJS3of will spearhead all the marketing and communication for the advisory and Time Century Jewelry Center.
Yair Levy, the developer has Scarpa focused on a high-quality diamond laboratory.
“We need a top quality and prestigious diamond grading research laboratory here in the Time Century Jewelry District. This will be great for the whole district because of safety and convenience, but also because they act as an educational facility for gemology training and credibility monitoring of the industry in general,” Levy said.
“The public trust in diamond grading, certification and purchasing bring commerce,” he added.
“Global brands across industries establish a footprint in Miami-Dade to showcase the best of who they are — and jewelry is no exception,” Mayor Levine Cava said. “A thriving jewelry industry is a natural fit for a world-class, international destination known for its creativity, fashion, arts and culture.
“We are excited to support the development of an advisory committee dedicated to the revitalization of this district and look forward to having these efforts drive jobs, growth and investment in our creative industries and community as a whole,” the mayor added.
“Miami-Dade County is rich with talent and expertise in a variety of creative sectors, and there is a long history of jewelry designers, manufacturers, gemologists, and retailers that serve our local, national and international clientele,” said James Kohnstamm, executive vice president for Economic Development at the Miami-Dade Beacon Council.
“Beyond the jobs, this effort has the potential to drive collaboration between private sector business leaders, local government and organizations like ours, the Miami DDA and others.
This type of dialogue and shared commitment to Miami’s success is what sets this community apart and helps us capitalize on this momentum long-term,” he said.
Downtown Miami is now ready to take advantage of the unprecedented surge in investment in residential properties in proximity to Yair Levy’s new venture, Time Century Jewelry Center at 1 NE First Street. Levy has begun transforming an iconic building in the heart of Downtown Miami into a luxury jewelry center and district.
“I want to thank Mayor Levine Cava and the Board of County Commissioners for their support because what we plan to do will help all of Downtown Miami,’ Levy SAID.
His New York-based company, Time Century Holdings, is updating an older city block into the jewel of Downtown. The $50 million renovations of the 225,000 square-foot building will be home to some of the top designers from around the world. Time Century Jewelry Center is scheduled for completion in the second quarter of 2022.
“This multicultural community is the best place to bring a focus on luxury jewelry and watches,” Levy said.
The growth will be exponential with luxury condos and apartments being developed nearby. Levy predicts a robust flow of consumers to the building that will also house two upscale eateries. Along with the constant influx of tourists, Levy forecasts it could make his Time Century Jewelry Center a jewelry mecca and a landmark must-see for all visitors and residents alike.
For more information about Time Century Jewelry Center leasing options call Isis Pellegrino at 786-534-8550 or visit www.TimeCenturyJewelryCenter.com.
