The curtain is coming down on Hard Rock Cafe’s Bayside Marketplace location after more than three decades on the downtown waterfront.

The rock ’n’ roll themed restaurant will close its doors August 19 after its lease with the city came to an end and will not be renewed, the Hard Rock confirmed in an email to The Real Deal. A spokesperson for the Hard Rock did not immediately respond to why the lease was not renewed or disclose the square footage and seating capacity.

A spokesperson for the City of Miami-owned Bayside Marketplace said the space will be redeveloped for another concept. The next tenant was not disclosed. 

New York-based Ashkenazy Acquisition Corporation holds the ground lease for Bayside Marketplace. A representative for Ashkenazy did not immediately respond to a request for comment. 

In 2020, Ashkenazy filed an eviction lawsuit against the Hard Rock Cafe alleging over $300,000 in unpaid rent amid the pandemic. The case was dismissed with prejudice in 2022, court records show.  

At the time, the lease required the restaurant to pay $500,000 in base rent annually plus a percentage of its sales, according to court records.  

More than 100 employees will lose their jobs as a result of the closure, according to a WARN notice filed by the Hard Rock Cafe. The stand alone waterfront building includes a main dining room, mezzanine, patio areas and event spaces.

Founded in 1971, Hard Rock Cafe opened its Miami location in 1993. The restaurant is part of Hard Rock International, which has been owned by the Seminole Tribe of Florida since its 2007 acquisition of the company and operates cafes, hotels, casinos and live entertainment venues worldwide, plus naming rights for the Miami Dolphins’ home stadium.

Bayside Marketplace was one of the hardest hit retail centers in South Florida during the pandemic. The Hooters there closed in 2021 and was taken over by ​​sports bar Black Market Miami, the Miami Herald previously reported. Other retailers and restaurants that have closed include Sun & Sea Brazilian Bikinis, Bavaria Haus and Express, which emerged from bankruptcy in 2024. 

The waterfront retail and restaurant hub is heavily reliant on tourists. Margaritaville opened there in 2024, and popular fast-casual Mexican chain Coyo Taco opened this month. Bubba Gump Shrimp Company, Chili’s, Foot Locker and Victoria’s Secret are longtime tenants. 

Downtown Miami’s retail market is showing signs of softening, according to Colliers. Retailers in the downtown submarket shed 44,430 square feet of space, and vacancy reached 6.3 percent. Developers remain bullish on the downtown core, with nearly 64,000 square feet of retail space under construction and asking rents averaging $52.50 per square foot.

The Miami Worldcenter has been a major recent driver of much of that retail development and leasing. 

Total inventory square footage for the downtown area is more than 3.4 million square feet.

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It was the blockbuster deal of the NBA offseason: After years of will-he/won’t-he, two-time MVP Giannis Antetokounmpo has been traded to Miami.

It also feels like the first domino of what will be some other big moves — including possibly a Jaylen Brown bidding war and trade. At NBC, we’ve explained the Antetokounmpo trade, named its winners and losers, and broken down how it will impact fantasy teams. Still, the fallout from this trade just keeps coming. Here are some other notes and analysis surrounding Antetokounmpo’s move to Miami.

Jaylen Brown bidding war?

Boston tried to say, “We weren’t shopping Brown, it was only because this was Giannis Antetokounmpo.” Except a few years back, they said the same thing when Brown was rumored to be part of a trade offer for Kevin Durant. From Brown’s perspective, you don’t want to be the person in the relationship where your partner is always looking around for an upgrade.

Other teams are expecting Boston to make Brown available, and there could be a bidding war, something articulated well by ESPN’s Brian Windhorst on the network’s “Get Up.”

“What I expect to happenis a bidding war for Jaylen Brown. In the most recent days, teams have been preparing for this eventuality, that it wouldn’t be the Boston Celtics who won the Giannis sweepstakes and that there would be a Jaylen Brown market. And now we’re going to watch that. I think it’ll take time to play out.”

If Brown becomes available, look for Houston and Atlanta to be at the front of the line for him, with a number of other teams — Portland has said it’s interested — in the mix. The challenge will be matching his salary, which is $57.1 million next season and totals about $183 million over the next three years. Brown is coming off his best season as a pro, averaging 28.7 points, 6.9 rebounds and 5.1 assists per game.

Boston kept young players out

Why did Milwaukee ultimately choose the Miami offer over Boston? In part because, while Brown would have been the best individual player the Bucks could have gotten in return, they wanted more — specifically a young player like Baylor Scheierman and Hugo Gonzalez, and Boston would not put them in the offer, reports Shams Charania of ESPN.

Boston’s final offer was Brown and two unprotected first-round picks. Milwaukee preferred Miami’s offer… or at least one key person did.

Bucks co-owner Haslam pushed for Miami trade

Milwaukee Bucks co-owner Jimmy Haslam also owns the NFL’s Cleveland Browns — a team that dealt with a trade demand from future Hall of Famer Myles Garrett. Then came the Antetokounmpo saga with the Bucks.

That led Haslam to push for the “certainty” of the Miami offer because he didn’t want to see Brown come to Milwaukee and force his way out in a couple of years, something Kevin O’Connor of Yahoo Sports reported right after the trade went down.

That was a concern of others in the Milwaukee front office, reports Sam Amick and Eric Nehm at The Athletic, who add there had been signs in recent weeks that Brown didn’t really want to land in Milwaukee.

Herro happy

Brown may not have wanted to go to Milwaukee, but Tyler Herro — who is a Milwaukee native — is excited to go home in the trade, reports NBA insider Chris Haynes.

Except Herro may not be staying in Milwaukee—there are multiple reports that the Bucks are listening to offers to trade him again. At the front of that line may be Detroit, which is looking for shooting and secondary ball-handling to pair with Cade Cunningham, and Herro fits that bill.

Is Anthony Edwards next?

Once one superstar is traded, the insatiable NBA trade rumor machine starts looking for the next star who might be on the move.

Is it about to be Anthony Edwards’ turn in the spotlight? ESPN’s Tim MacMahon said on the latest Hoop Collective Podcast, “The NBA vultures are swirling around Ant in anticipation of him potentially becoming the next superstar who’s available in the trade market.” Multiple reports in recent years have said Edwards has been frustrated with the team building in Minnesota, dating back to when it traded away Karl-Anthony Towns to save money.

This is not happening fast. Minnesota has no intention of trading Edwards right now, and he still has three fully guaranteed years at $156.9 million left on this contract. There is no pressure to move him, and Edwards would deny he is even thinking about leaving.

That said, teams file these kinds of things away and just wait.