Miami Worldcenter Adds Macy’s and Bloomingdale’s Stores to New Mall
By Balazs Szekely, Associate Editor
Besides the 750,000 square feet of retail, the Miami Worldcenter mixed-use development will include hotel, residential and convention space. The two department stores will occupy three levels each and will anchor the north and south ends of the retail mall. Planned by The Forbes Company and Taubman Centers Inc., the mixed-use urban project in downtown Miami is one of the largest such developments in the United States. It is scheduled to break ground in the fourth quarter of 2014 and it is expected to open in late 2016. The mall’s location is ideal with regards to attracting customers both from the local and international base. Interstate highways will be within easy access, as well as American Airlines Arena and the Port of Miami cruise ship terminals, museums and The Adrienne Arsht Center for the Performing Arts. All Aboard Florida’s new grand central station, expected to be finished in 2015, which connects with the existing Metromover and Metrorail, will also be adjacent to the site.
Macy’s Inc. plans to operate two stores in the complex on a total surface of 315,000 square feet. According to plans, the Bloomingdale’s will occupy 120,000 square feet, and will offer a specially edited assortment of fashion apparel, accessories, shoes, cosmetics and fragrances, and home goods. The brand is already present on the Miami-Palm Beach market with four full-line stores and two Bloomingdale’s Outlet stores. Correspondingly, the 195,000-square-foot Macy’s store will be the 28th location in the area offering a full range of apparel and accessories for women, men and children, as well as housewares, home textiles, luggage, furniture and mattresses.
The fashion retail giant is one of the nation’s premier retailers, with about 840 department stores under the names of Macy’s and Bloomingdale’s in 45 states. The company also operates 13 Bloomingdale’s Outlet stores.
Photo via PR NewswireTags: All Aboard Florida, American Airlines Arena, Bloomingdale's, Bloomingdale’s Outlet, Brokers, co-op, condo, convention space, Developers, Development, economy, Finance/Investment, Financiers, HOA, Hospitality, Hotel, Investors, leasing, Local, Macy's, Managers, Miami, Miami Lead Story, Miami Worldcenter, Miami Worldcenter Associates, mixed-use, National, operations, Port of Miami, Regional, Residential, retail, Taubman Centers Inc., The Adrienne Arsht Center for the Performing Arts, The Forbes Company