Whitman Family to Expand Bal Harbour Shops, Eyes Brickell CityCentre Investment Opportunities
by Sep Niakan | June 20, 2013
The family of the owner and founder of Bal Harbour Shops, Stanley Whitman, has recently announced plans to expand the mall beyond Miami and develop the 500,000 square foot retail portion of the massive Brickell CityCentre project. In an effort to capitalize on a new influx of wealthy foreign tourists from Russia, China, the E.U., Latin America, and other areas, Brickell CityCentre developer Swire Properties and the Whitman family have entered into a joint venture to attract shoppers of high-end goods to the $1.05 billion mixed-use complex. The Brickell area has traditionally been business oriented and currently prone to the downswing in office and residential growth; the presence of high-end retailers may give the district a much needed economic shot in the arm.
An additional $100 million investment is in the pipe for expanding Bal Harbour Shops by 200,000 square feet. The luxury shopping mall, which hosts retailers such as Fendi, Dolce & Gabbana, and Ermenegildo Zegna, is planned to grow from its current size 450,000 square feet to 650,000. Many on the mall’s roster of luxury retailers will be approached about potentially opening new locations in Brickell CityCentre.
by Sep Niakan | February 22, 2017
A previous blog on how a petition to privatize an alley adjacent to Cité Condo sparked rumors of a new hotel coming to Edgewater did spark another thought process. It seems the latest trend for developments in Edgewater is to either be a...
by Sep Niakan | February 15, 2017
Miami has always been a melting pot of cultures. From the Bahamians that came to work at the Peacock Inn in the 1870s to influx of Cuban immigrants in the 1960s. Miami didn’t just welcome people with open arms, but also embraced their...
by Sep Niakan | February 14, 2017
Valentine’s is just around the corner, and while most people equate Valentine’s Day with romantic love, I prefer to celebrate love in a broader sense. To me, it’s more about celebrating bonds and relationships of all kinds,...
by Sep Niakan | February 12, 2017
If you thought living in Downtown Miami was a distant dream, think again. 2017 comes bearing great news for those who’ve always wanted to live close to the urban core but couldn’t afford it. You will now be able to rent a Downtown Miami...