Demolition of the Power Studios building in the Design District is nearly complete. It will be replaced by a retail center designed by local architecture firm Touzet Studio.

Lyle Chariff tells exMiami that his phone has been ringing ‘off the hook’ since demolition began last week with buyers wanting to purchase the site. A partnership led by Chariff Realty Group bought the property last year for $8 million.

Pre-leasing is underway for the new building, with rates at $110 per square foot. A total of 19,993 square feet of leasable space is being built. The new building will also include a 5,500 square foot rooftop entertainment venue with 360-degree city and bay views.

New retail center, designed by Touzet Studio:


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