While there has been speculation for years, Barneys  signed a lease to move into Bal Harbour Shops, which is considered one of America's most productive, upscale and unique shopping destinations. Matthew Whitman Lazenby, third-generation leader of Bal Harbour Shops and president and chief executive officer of Whitman Family Development LLC, said Barneys signed a long-term lease for a 53,000-square-foot, three-level store. Barneys will anchor the southwest end of the property and will include a Freds restaurant on the third floor with indoor and outdoor seating. Executive chef Mark Strausman will create a custom menu for the location, using the locally sourced ingredients and changing menu items seasonally.

The new store should open in 2023.