Miami Shopping Malls
Miami is unique and full of paradoxes: A city chosen by the old to retire and by the young to party. A place where people do business in shorts and 12 year olds wear legitimate Chanel handbags. The land of beach parties and everyday multimillion dollar transactions where Bentleys coexist with skateboards and a new sophisticated art scene born in the reign of the kitsch makes a mark in the world.
Miami shopping keeps adding to the list of breaking US records. We are quickly climbing the ladder of the top 5 in many areas, from the number one cruise capital to the most active airport. But without doubt, the most salient feature of Miami culture is a special emphasis in shopping, so we are also breaking records with the mall that sells the most per square foot (Aventura Mall) and now the largest shopping mall in the country: American Dream Miami Mall. The land deal for 82 acres in NW Miami Dade County by Interstate 75 and Florida Turnpike just closed, and Triple Five Group is moving to the next stage in the process of bringing to life this mega mall and theme park. The entire project is 225 acres, impressive size even for Miami shopping standards!
Bal Harbor Shoppes which used to be “the” destination for shoppers that walk in Louboutin shoes is expanding to keep up with the fierce competition for the attention of the privileged few, who are not so few in Miami any more. Aventura Mall has the largest Cartier store in the country along with many other luxury designers. Brickell City Center will allow the financial private banking crowd to shop without leaving the area. The Design District, an open shopping mall valued at $2.2 billion has a hard to match glamour for those who prefer the outdoor Latin and European shopping style. After all, the temperature is irrelevant when you are wearing Hermes and parking at a garage that is a piece or architectural art. The Design’s District 283,000 ft City View garage wows shoppers from the moment they park with two public art pieces by John Baldessari and a jaw dropping facade by Leong Leong and Iwamoto Scott. And of course, for the bargain hunters there is always Sawgrass Mall.
The impact of Miami Shopping goes far beyond a fashionista dream, bringing jobs, infusing life and potential to the real estate around it and creating interesting possibilities for developers and investors. Whether you wear Prada sunglasses or not, if you are serious about investing in Miami real estate, Miami shopping trends are something to watch…
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