Vacheron Constantin has opened a new boutique in the growing shopping district of Miami at 140 Northeast 39th Street, where Bulgari, Jaeger-LeCoultre and IWC Schaffhausen boutiques are housed.

The 1,400-square-foot space is the Geneva-based firm’s fifth standalone store in the U.S., and its first outside of better-known luxury timepiece hubs such as New York, Las Vegas and the Los Angeles area.

The Design District store will offer a Miami-exclusive watch to celebrate its opening. A $48,400 limited edition Overseas Chronograph — produced in a controlled run of just 30 — is a reinterpretation of Vacheron Constantin’s athletically inclined Overseas Chronograph style. The timepiece draws visual inspiration from Miami’s oceanside landscape, with a deep blue color and a bezel furnished in rose gold — a new finish for the style. It will come equipped with interchangeable vulcanized rubber and alligator leather straps as well as the original Overseas Chronograph’s features: water-resistance, antimagnetic protection, and a Maltese cross-inspired bezel.