Time Century Jewelry Center, which set to become the premier destination for luxury jewelry retailers, wholesalers, consumers and watch enthusiasts in Downtown Miami’s Diamond District, has signed a lease with Freddy’s Certified Diamonds & Fine Jewelry. Freddy’s, considered a pillar of the jewelry & diamond district in downtown Miami, will occupy 2,500 SF in the new luxury jewelry center which scheduled to open in the second quarter of 2022. 

Time Century, formerly known as Metro Mall, is undergoing a $50 million renovation led by renowned architect Kobi Karp. With glass storefronts, soaring ceilings, elegant escalators and elevators, and state-of-the-art security, Time Century will be the first luxury high street retail property in Miami’s jewelry & diamond district. Once completed, the jewelry center will offer four floors of luxury jewelry retail and wholesale space as well as four additional floors of offices.

The wholesale retail space currently available ranges from 500 SF to 2,000 SF with rental rates ranging from $65 to $150 PSF. The redevelopment is led by Yair Levy, who leads Time Century Holdings LLC, a real estate investment and development firm with a diversified portfolio of holdings in New York and Florida.

“We are ecstatic to welcome Freddy’s to the growing Time Century family,” said Isis Pellegrino, who handles in-house leasing for Time Century. “The quality of tenants that Time Century continues to attract will make our jewelry center Miami’s premier destination for luxury jewelry retailers, wholesalers, consumers and watch enthusiasts. Our building truly marks a new beginning for one of the largest jewelry districts in the country that continues to grow in importance.” 

Since 1975, Freddy’s Certified Diamonds & Fine Jewelry has served as the leading jewelry destination for South Floridians with an in-store and online multimillion-dollar diamond inventory. Freddy’s offers a full range of services including custom designs, special orders and even a complete in-store repair center, with a specialization in a vast selection of GIA Certified Diamonds, engagement rings and wedding bands. Freddy’s will be relocating from another location in downtown Miami. 

“We are excited to expand our store in this rapidly growing city and look forward to being part of Miami’s new premier jewelry center,” said Howard Steinlauf, co-owner of Freddy’s.

Located along NE First Street and E. Flagler Street, Miami’s vibrant jewelry district is home to more than 400 jewelry stores in a four-block radius. The district generates close to $1 billion in sales annually.

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