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Could a Century 21 department store be on its way to the Design District? The Real Deal reports that E.G. Cody sold its 8,025 foot furniture showroom to ASG Equities, which is affiliated directly with Century 21. Currently, the store operates out of New York and New Jersey, and is expected to open in Philadelphia, come Fall 2014. A store in Miami could be the company's first move outside of the northeast.
It would be a rather curious move. How would a big box designer discount store fare next to Louis Vuitton, Prada and Pucci? The Design District has made big strides to single itself out as a premier luxury destination in Miami, so it could be odd for a department store of this caliber to mosey on in. Then again, no additional information has been revealed so there could be an entirely different concept moving in. With Miami real estate, you never know.
· New York department store chain buys Design District property [The Real Deal]
· Design District property sold for $16M [SFBJ]
· Century 21 [Official Site]