Business Services Industry
America's nightlife capital; perhaps the city's biggest International buzz generator is its clubs and restaurants—frequented by celebrities, tourists and South Florida residents with increasingly sophisticated tastes
South Florida CEO, April, 2004 by Rochelle Broder-Singer
Peek inside any of the magazines on a supermarket rack--People, Us Weekly, Look--and you'll see an item about some celebrity in a South Beach nightclub, or a brief about the latest chef to announce a planned eatery in Miami Beach. "We're selling this destination to the rest of the world," says nightlife impresario and developer Michael Capponi, who hosts events at such venues as B.E.D. and Prive.
The industry is also doing big business. The Opium Group, which owns the restaurant La Factoria and nightclubs Opium, Opium Garden, Prive (all in the SoFi, or 'South of Fifth Street,' area) and the just-opened Mansion, does $25 million in revenues annually. The company employs more than 400 and averages 4,000 to 6,000 people in its venues every weekend; 30 percent of those patrons are tourists.
"We're starting to get some credibility from a business standpoint," says Opium Group owner and managing partner Roman Jones. He and partners Eric and Francis Milon helped to revitalize SoFi with their 32,000-square-foot property there, and are already pulling new businesses to Washington Avenue's commercial district with the 40,000-square-foot Mansion.
[ILLUSTRATION OMITTED]
The city's hotels, too, have become hot nightlife spots, with properties such as Ian Schrager Hotels' Delano and Shore Club attracting a "see and be seen" crowd. "Blue Door and Nobu [restaurants]--those are definitely reasons why people come to the hotels. Same with SkyBar at the Shore Club and Rose Bar at the Delano," says the company's vice president of brand management, Tim Miller.
Even the new Ritz Carlton South Beach recognizes the importance of nightlife to attract people. "Looking at our competitors here, who really are on the cutting edge in terms of entertainment, in terms of providing ambiance, we needed to be in the same league," says general manager Franz Firschke. You'll find a disk jockey and water ballet in the late afternoon, and Capponi and Eric Milon host Sunday afternoon soirees at the hotel's beach club.
Nightlife has also grown to include a cadre of high-quality restaurants, making Miami Beach an outpost for celebrity chefs. Emeril Lagasse has opened a restaurant at the Loews South Beach hotel, while noted designer and restaurateur Michael Chow will open a Mr Chow this year near the Bass Museum. "In terms of international-caliber cities in the US, Miami Beach is one of them," says Mr Chow COO Chris Chun.
The increasingly sophisticated residents of Miami Beach are another reason for the culinary upgrade; local restaurateurs are finding a regular crowd with fine tastes. "To be successful in Miami Beach, you have to cater to the locals," says Jessica Goldman, whose Wish is among the city's hottest eateries.
"This season has been very strong, not so much in the quantity of people we see coming back ... but the quality," says Pino Bodoni, co-owner of Escopatso restaurant on Washington Avenue. "In my dining room, in the same night, you will find a European couple vacationing, you'll find your typical snowbirds, you'll find a local person, you'll find a celebrity and you'll find the businessperson."
[ILLUSTRATION OMITTED]
Nightlife is blooming outside of South Beach, too. In North Beach's Normandy Fountain area, a circle of restaurants that includes Ouzo's Greek Taverna and Argentine/Uruguayan steakhouse Las Vacas Gordas bustles with diners. The area attracts families with children early in the evening, and romantic couples later on. "The Fountain area has just come to life," says North Beach Development Corporation president Barry Klein. "We're trying to bring more things there as well, [such as] street musicians or some type of entertainment."
The success of the industry has also brought challenges, especially as South Beach has attracted new, wealthy residents into areas where clubs were once the only bright spots. Opium Garden, for example, has been the target of residents' noise complaints, but Jones says the company isn't going anywhere. For him, the right balance will be found "as long as people understand the nature of what brought about the South Beach rebirth, which was really trendiness and fashion and nightlife and boutique hotels. Miami Beach is a world-class city, and if it wants to stay there, it's got to keep a balance."
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions



