After seeing a few of its key retail stores leave such as Louis Vuitton, Cartier or Dior for Aventura Mall or the Miami Design District over a couple of years ago, The Bal Harbour Shops have launched their “counter attack”. First, they are partnering with Swire Development, the Hong Kong- based developer, for the retail component of ambitious mixed-use development Brickell CityCenter, which will be located West of South Miami Avenue, between SW 7th and 8th streets. Second, they will expand by sf 200,000 within the next couple of years. After endless years of negotiation with their neighbor, the Church By The Sea, they got to negotiate to use their land and develop a more modern, eco-friendly church. The Whitman family, who owns the shopping center, also bought the Suntrust Bank building located on 96th Street and Collins avenue, to expand further their presence in the neighborhood. The Bal Harbour Shops are quite famous for their average sales amount per square foot, which is said to be the highest in the United States : $2,793 of sales per square foot in January 2013, a 15% increase from January 2012.
Miami urban developments – PART 2 : Bal Harbour Shops’ expansion
August 5, 2013 by Miami Feels Like Home
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