Bal Harbour Shops Braces for Fabulous Upgrade

Bal Harbour Shops Braces for Fabulous Upgrade

Oct 16, 2019 October 16, 2019

Back when Stanley Whitman first opened Bal Harbour Shops in 1965 on the former site of a World War II army barracks, outfitting it with the most upscale brands of the day, nobody expected it to survive the competition served up by the bevy or air-conditioned malls that were springing up everywhere at the time. 

But, precisely due to its unique feel, its open-air design that takes full advantage of the breezes sweeping across the Atlantic Ocean and Biscayne Bay, as well as the natural beauty of the subtropical setting, Bal Harbour shops was destined to become one of the most elite shopping destinations in the United States.

Bal Harbour Shop Expansion Project

Architect rendering of expansion project

Bal Harbour Shops Expansion Project 

Currently, Whitman Family Development is planning a 350,000-square-foot expansion project at Bal Harbour Shops that is due to be completed in 2023. The firm’s legal intermediary, Holliday Fenoglio Fowler, L.P. announced in July of 2019 that they secured financing in the amount of $550 million for the expansion project on behalf of Whitman Family Development.

Bal Harbour Shops Expansion - New recreational park

Bal Harbour Shops Expansion - Architect new recreational park rendering

Barneys New York Flagship Coming Soon

The expansion will allow Bal Harbour Shops to create space for the many luxury brands that are on a waiting list for a lease at this elite retail center. In fact, the expansion will bring in an additional 70 brands, including the first Barneys New York flagship store located in the Southeast. This will be the first expansion/renovation project at Bal Harbour Shops since an addition was made to the building in 1982 that included the addition of the second story to accommodate additional vendors.

Bal Harbour Expansion Project - Barneys New York (Rendering)

Barneys New York - Architect rendering

A Brief History of Bal Harbour Shops

Bal Harbour Shops blossomed in large part due to Whitman’s success in attracting such anchor brands as Neiman Marcus, which opened their first specialty store outside their Texas homeland in 1971 at Bal Harbour Shops. Upon seeing the success of the Neiman Marcus store, Saks Fifth Avenue opened its Bal Harbour flagship store in 1976, becoming the mall’s second anchor store. Today, both brands stand as central pillars of the Bal Harbour Shops experience.

Bal Harbour Shops soon began to attract famed European merchants, and Whitman’s carefully curated collection of stores quickly set the bar for the industry, leading the nation in annual sales productivity. In September 2012, Shopping Centers Today magazine ranked Bal Harbour Shops as "the world’s most productive" shopping center, in terms of sales per square foot. Generating some $2,555 in sales-per-square-foot at the time, Bal Harbour Shops was pulling in seven times the industry average of $451-per-square-foot as estimated by the International Council of Shopping Centers. 

Sales at Bal Harbour Shops have continued to escalate regularly over the years. Today, Bal Harbour Shops houses 100 of the world’s most renowned designer boutiques and gourmet eateries, and is owned and managed by Whitman Family Development, direct heirs of Stanley Whitman, who passed away in 2017.

Bal Harbour Shops Opens in 1965 with 30 Retailers in One Level Fashion Center

Bal Harbour Shops Opens in 1965 with 30 Retailers in One Level Fashion Center. Photo courtesy of BalHarbourShops.com

Bal Harbour History Timeline

  • 1965: Stanley Whitman opens Bal Harbour Shops with 30 Retailers in One Level Fashion Center
  • 1971: Neiman Marcus Opens Flagship store at Bal Harbour Shops
  • 1976: Saks Fifth Avenue Opens Flagship Store at Bal Harbour Shops
  • 1982: First expansion and renovation project consisted of the addition of the 2nd Floor.
  • 2012: Bal Harbour Shops ranked “the world’s most productive” shopping center by Shopping Centers Today magazine published by the International Council of Shopping Centers (ICSC)
  • 2015: Bal Harbour Shops celebrates its 50th Anniversary
  • 2017: Stanley Whitman dies and the company passes to Whitman Family Development
  • 2019: Expansion project is approved and moves forward
  • 2023: Scheduled date of completion for Bal Harbour Shops expansion project

As fabulous as Bal Harbour Shops is already, we can only expect it to become even more glorious as it grows. It will be exciting to see the completed expansion in a few short years.



Photos courtesy of Bal Harbour Shops Vision
Contact Stephanie E. Bienstock
Director of Luxury Real Estate
(786) 930-4220
contact@condoblackbook.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Coming Soon: New Miami Restaurants To Try in 2020
Restaurants Coming Soon: New Miami Restaurants To Try in 2020
These past few months have been quite unpredictable, but if there’s one thing we can count on – it’s getting great food in Miami. Adding to the already wholesome variety we have, plenty more delectable locales and dishes are hoping to join the collection of best new Miami restaurants this year. From Sushi Garage’s second location to a Michelin-starred Korean steakhouse and an on-trend gin and cookhouse and authentic Italian pizza, these are the latest restaurants you want to watch out for, as they open their doors this year in a neighborhood or condo close to you: Bonci 222 NW 24th Street, Wynwood Crowned the “Michelangelo of Pizza” by Vogue Italia, Chef Gabriele Bonci is bringing his Anthony Bourdain-approved pizza recipes to Wynwood. Aiming for a winter opening this year, the Italian chef will be serving Roman-style pizza al taglio meaning sliced by scissors and sold by weight. With a recipe bank of over 1,500 and a rotating daily menu, Bonci will not only serve some of his...
Miami’s New and Pre-Construction Condo Update: June 2020
Real Estate News Miami’s New and Pre-Construction Condo Update: June 2020
In this June Miami Pre-construction condo update, we have Downtown’s much-anticipated Legacy Residences announcing a pandemic-proof wellness amenity, North Beach’s Monaco launching its sales gallery, and Biscayne Corridor’s Apeiron finally getting the green light for development. Read on for details on these and more updates in our condo preconstruction roundup for the month: New Sales Gallery Monaco Yacht Club & Residences – North Beach After breaking ground this February, the nautically-themed condo project in North Miami Beach unveiled its sales gallery at 6897 Collins Avenue in June. Developer Optimum Development USA hopes to bring a taste of the Côte d’Azur to Miami with this boutique, Europe-inspired project. Home to only 39 luxury residences, the bayfront building comes designed by Arquitectonica and interiors by Piero Lissoni. Scheduled for a 2021 completion, each unit at this 12-story development is positioned to feature direct water views. The resort-style...
Miami Condo Market Snapshot: June 2020
Real Estate News Miami Condo Market Snapshot: June 2020
Three months into the coronavirus pandemic, we’re still adjusting our daily work and personal lives, and the markets are still adjusting, too. As we continue to monitor how the Miami condo market is faring, data from our June Multiple Listing Service (MLS) CBB Condo Market Snapshot show that, compared to May, the market is showing signs of a recovery, but compared to last year, sales have dropped significantly. The reality is the market will likely not catch up to 2019 numbers, but signs of stabilization for this year are promising. Our MLS market survey took into account a total of about 9,000 condo listings across the greater Miami area and the Miami Beaches. Here’s the latest Miami condo market data comparing the last few months, as well as compared to last year. Closed Sales Gap Stabilizing - Diverging since March 2020 Cumulative Closed Sales for 2020 exceeded sales for most of the year up until March 28th. From March 28th onwards, Closed Sales have dropped. As of June...
Condo Painting Dos and Don’ts
Opinions and Advice Condo Painting Dos and Don’ts
Painting your home can be a daunting prospect. From color selection to the clean-up mess! However, when done right, a good paint job can give your condo a well-needed facelift. Believe it or not, painting is actually quite a complex procedure. I mean, who knew there were 52 shades of white?! And whatever color you do end up choosing will dictate the mood and feel of your entire condo - so no pressure! What Color? Which Room? At the end of the day, you should paint your house in whatever color floats your boat! You have to live there after all. That being said there are definitely good and bad paint colors. The colors and combinations you chose will ultimately have an impact on the look, and more importantly, the feel of your home, and this can be pivotal when it comes time to sell.  For example, you might love a dramatic dark indigo wall, but houses with dark walls have historically sold for less than ones painted in lighter and more neutral tones. So it is important that you...
The Insider’s List - CondoBlackBook’s June Curated Monthly
Lifestyle The Insider’s List - CondoBlackBook’s June Curated Monthly
As editors, real estate experts, Miamians, and lovers of so many things, we here at CondoBlackBook come across many a great read and post. So great, that we thought it’d be nice to share some of our top picks each month - videos, snippets, news pieces and articles, you name it, all things lifestyle, design, wellness, food, travel, business and just plain interesting stuff in a curated CondoBlackBook Insider’s List… So take a look, get inspired and indulge. Coffee and a Pastry - Miami Style If you’re for a little morning pick-me-up, or need an afternoon refresh, try making this favorite Iced Cafe con Leche with a snack from the local bakery. Brickellista’s Iced Cafe con Leche Recipe Source: Brickellista Baguette Plus Bakery Source: The New Tropic Escape Route If you’re feeling the need to escape (and who isn’t these days), here’s some food for thought. A study tracking residents in Miami and New York found this... Miamians Who Explore Their Hometown Are Happier Source:...
15 Home Office Ideas to Boost Your Productivity and Wellness
Opinions and Advice 15 Home Office Ideas to Boost Your Productivity and Wellness
Of late, WFH (work-from-home), has become the new normal for many – some by choice, some by necessity. On the surface it sounds like a great idea, especially the part about skipping your morning rush hour commute and “casual Friday” extended to “casual Every day.” But working from home can have its own set of challenges – productivity being the biggest one. From ergonomic furniture to help your posture to tech that could help you focus, we’ve put together a list of 15 essential #WFH and home office items that will help create just the right atmosphere that’s poised for productivity. (We haven’t mentioned getting a good and up-to-speed PC, laptop, antivirus pack or internet connection in our list since we know you’ve got the basics covered.) So, let’s get started: A Dedicated Home Office Desk or Table – When working from home, that comfy little bed with nicely propped cushions can look mighty tempting. But you’ve got to resist! Or is your dining table multitasking, too? Sitting at...