Miami’s Retail On The Rise
Miami has been experiencing an unprecedented degree of expansion, especially within its residential and retail sectors. Running parallel to the influx of new condos in Miami are several impressive and ambitious retail projects. Miami has always been a style capital, and these new developments will cement its status as a shoppers’ paradise. Most noteworthy among this new crop of developments: Brickell City Centre, Miami Worldcenter, and the Miami Design District.
Brickell City Centre
Brickell is one of Miami’s hottest enclaves, as evidenced by the recent development of the $1.05 billion Brickell City Centre. Located in the center of the Brickell financial district, mere minutes from Brickell Flatiron, the massive development is the most ambitious project under construction in the region. Brickell City Centre will span 9.1 acres and include 5.4 million square feet of residential, hotel, office, and retail space. Moreover, it will house a 565,000-square-foot shopping center that will be one of the largest in the area. Designed to integrate with the surrounding neighborhood rather than just assert itself within it, Brickell City Centre boasts a massive frame that somehow fits in perfectly with the thriving elements that already exist in Brickell.
Encompassing 27-acres in the epicenter of downtown Miami, Miami Worldcenter is one of the largest private real estate developments underway in the U.S. today. Featuring a significant quantity of hospitality and residential space built around its retail offerings, it also boasts a massive central retail destination, the Mall at Miami Worldcenter, which will contain over 765,000 square feet of luxury retail and dining options. The Mall itself will feature two high-end retail behemoths, Macy’s and Bloomingdale’s, that combined will total over 300,000 square feet of shopping space on their own. Perhaps the most impressive feature of this project, however, is the 7th Street Promenade. Aiming for a decidedly European feel, the open-air avenue will be closed to cars, run along the water, and feature an array of shops, cafes, bars, and restaurants.
The Miami Design District
The Miami Design District, one of the premier retail destinations in the region, also anchors an entire neighborhood built around the arts. The shopping area within the district, which effectively reflects this art-centric atmosphere, is nearly unrivaled with regard to the number of high-end designer boutiques it houses. Current shops include Cartier, Dior Homme, Prada, Christian Louboutin, Marni, En Avance, Hermès, and Celine, and many more are set to open in coming months. While the Miami Design District is an impressive entity already, a significant amount of development is yet to occur. But while the area continues to expand, it does so in a highly sustainable fashion. The Miami Design District was recently certified LEED ND Gold by the US Green Building Council, making it the only neighborhood of its kind in Miami-Dade County.
Image Courtsey Of: ©iStock.com/andresrimaging