southland mall sold
Electra America and BH Group paid just over $100 million for the property. owners, building management, representatives from permits and tenants. The new, fully enclosed mall included a Woolworth and JCPenney. On April 29, 2022, Southland Mall was sold to Electra America and BH Group, a Miami-based private real estate investment and development firm, for $100.35 million. It has failed to see the electrifying sign language of images.Camille Paglia (b. Im going to miss it. We have been in contact with many groups looking to redevelop the mall, Mayor Meerbott said. The property sits across from a new stop on the South Corridor Bus Rapid Transit project, which is currently under construction and slated to open early next year. It seems likely at this point, based on announced intentions, that most existing stores and restaurants will remain, with new features being added to surrounding areas of the mall property. 510-266-6640. Some people may have been surprised when it was announced on various real estate news websites that Cutler Bays Southland Mall, 20505 S. Dixie Hwy., had been seized by Wells Fargo Bank, representing a commercial mortgage-backed securities trust, as the result of a foreclosure auction on Feb. 10. Level boarding. The site is conveniently bordered by the Florida Turnpike on the east and U.S. 1 on the west, placing it on major commercial crossroads in suburban Miami-Dade County, directly along the new South Corridor Rapid Transit Project, expected to open in late 2024. AURORA, Colo. ( KDVR) Four people, including a minor, were arrested Sunday night following a shooting at the Southlands shopping mall and a police chase. A Liberty House (later Emporium Capwell and then Macy's) was part of a major expansion completed in 1972, which included an indoor ice rink. Truly the mall desperately needs renovation, & proposed plan would satisfy housing for many people. Lucky's closed its doors on August 2, 2008. The development team acquired the mall and adjacent parcels totaling 80 acres in May of this year. CUTLER BAY (CBSMiami) Southland Mall in Cutler Bay will soon be transformed into a multimillion-dollar mixed-use development with homes, restaurants and retails shops. It is managed and owned by Namdar Realty Group. Now public records are giving a little more information about the buyer. Downtown Memphis Blog How? More Details. "Southland Mall has experienced a rebirth since Mr. Belk purchased the mall in 2004," said Michael Rixter, general manager of the mall. Good more density near future metrorail stations hopfully. Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. are retail buildings over 50,000 square feet. Business today is about data: generating it, identifying it, culling it, collating it, analyzing it and monetizing it. The event included the recognition of Macy's (formerly Goldsmith's), Sears and Piccadilly cafeteria for being 40-year tenants, Rixter said. ;(. Generating an unprecedented response from a broad range of local, national, and international buyers. The mall is anchored by JCPenney,[1] and Macy's (formerly Liberty House). On Aug. 23, an appreciation ceremony was held to recognize the accomplishments and successes of the mall throughout the years. In addition, Meerbott says the plan is to build a walkable space, which will also include housing. Minneapolis has been gaining population for the past 15 years. google_ad_format = "125x125_as"; Past mayor Gimnez now represents us at a federal level. Our news is free and we intend to keep it that way. In January 2007, Mimi's Cafe opened. Mobile Access Management: Finding a Home in Commercial Facilities. The mall was largely destroyedby Hurricane Andrew in 1992 and rebuilt the following year. google_ad_height = 125; Thousands Of Units Planned At Southland Mall, Next To New BRT Stop, All Rights Reserved 2023 The Next Miami. The total list of tenants and suites, along with other lease information, for this property is available on MEMPHIS, Tenn. Project developments at Southland Mall have moved off the drawing board and toward reality with a storage facility set to open in July in the space formally occupied by Sears.. Southland Mall is a shopping mall in Hayward, California owned and managed by Brookfield Properties.The mall is anchored by JCPenney, and Macy's (formerly Liberty House).There is also a vacant anchors left by Sears and Dick's Sporting Goods, which prior to Dick's was Kohl's, and way before Mervyn's.The mall is primarily a single-level structure, with a small lower level beneath JCPenney, a . And better is what town officials say they are working towards. That Sears in the photo is in some of my earliest memoriesback in the 1970s. Florida cant look to Minnesota for solutions, theyre too small. Promote your business to the localized audience you want to reach with Miami's Community Newspapers. Actually, you wont Shawn. CommercialEdge: //-->, Memphis Links The owner of Southland Mall, B.V. Belk Jr., opened the ceremony with a welcome and thank you to the tenants. "Cutler Bay is the geographic center of the county yet there's very little opportunity here for jobs, very little opportunity here for entertainment, and this could be the spark that changes everything," added Meerbott. Rixter did not want to comment on the new buyer, and Cayre was not immediately available for comment. Really will be cost prohibited. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing. Priorities. Unless youre aware of some magic funding source that no leaders know of. Thats what youre advocating to pay for this huge undertaking. Were delighted to work with the Town of Cutler Bay and its residents to breathe new life into a property that has been underutilized for decades, and in so doing, create thousands of new jobs, as well as help alleviate the housing crunch facing many Miami-Dade residents today, said Ron Gaither, Chief Development Officer of Electra America. CommercialEdge: Public records from the Shelby County Register's Office show the address of the LLC as that of Aurora Capital Associates in New York - the same address as that of The Cayre Group Ltd. Shopping mall in Cutler Bay, Florida, U.S. Cutler Bay (formerly Cutler Ridge), Florida, "Fitch: Southland Mall in 'imminent default' - South Florida Business Journal", "University of Miami Libraries Collections", "The Miami News - Google News Archive Search", "Cutler Ridge Mall To Be Rebuilt By Debartolo - Free Online Library", "Post-Hurricane Andrew, Retail Returns to S. Miami by Bob Andelman", "LURIA'S PLANS 40,000-SQUARE-FOOT SUPERSTORE AT REBUILT CUTLER RIDGE MALL - Free Online Library", "Former Cutler Ridge Mall making a new entrance - South Florida Business Journal", "Regal plans 16-screen theater in south Miami-Dade", "Investcorp buys Southland - South Florida Business Journal", "Sears and Kmart store closings: 51 Sears, 45 Kmart locations to shutter. Yeah in about another 10 years. We would go to that mall a lot in my childhood years. Southplace City Center will provide a wide range of market-rate housing options, and its location close to major thoroughfares and mass transit, yet away from residential communities, minimizes traffic and facilitates the use of public transportation two key priorities for this community. South from Airport to Douglas Rd and then a new line from FIU to the east along SR 41, I dont think the vendors along Calle Ocho will let that happen, The thing is, middle and upper class people dont want to take a bus but will ride trains. Subscribe to Bisnow's South Florida Newsletters. The comparison would not make sense, because Miamis population has been increasing since then. What a bunch of satanic Liars and hypocrites. (305) 232-3737. The city of Southfield has sold the historic Northland Center. At zip code level, there are 11 commercial properties, of which 9 are retail buildings over 50,000 square feet. 1 tsp garlic powder in grams
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