Possibly thinking it could be a good place to sell some Jordache jeans, the Nakash family's director of real estate Jon Bennett told Real Deal Miami that, after using it as a hotel for an undetermined period, they may turn the Versace Mansion into some sort of retail establishment. Says Bennett "I think this could be an incredible retail flag location" for a retailer like Apple or Victoria's Secret. Or, presumably, wherever they sell Jordaches, the Nakash-owned jean company. This, of course, would be a massive slap in the face to the history and culture of South Florida.
Not surprising, since South Beach is already a giant strip mall with very few non-chain stores, but sad nonetheless.