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 center is located off Interstate 880 at Winton Avenue, at the western end of the city. You may login with either your assigned username or your e-mail address. Canes and other Cutler Bay residents who feel the same will soon get their wish of a facelift. Oh ,almost forgot,tens of thousands of new riders. The current owner is a Charlotte, N.C. investor who is, reportedly, poised to sell the 220,721-square-foot property for $91 per square foot. Metrorail doesnt go offer routes feasible for people going to and from Coral Gables. The mall is anchored by JCPenney,[1] and Macy's (formerly Liberty House). We will email you a link to reset your password. Southland Mall - 20507 South Dixie Hwy was built in 1981. Even in 2018 dollars, that would be approx $1.74 billion to extend Metrorail from Dadeland South to Southland Mall, figure over $2 billion today and far more in a few more years. We're not asking for your money. The $$$ isnt there for it. Throwback Tulsa: Southland mall builder was big man with a big heart features a total of 146,658 SF. Period. The city of Southfield has sold the historic Northland Center. Nine bays . Demand For Brightline So High That It Just Earned A South Segment Profit: Never Really Intended, Aston Martin Residences Now Second Tallest In Miami, Closer To Completion, Dolce & Gabbana Planning Major Residential Project In Miami, 649-Foot Missoni Baia Appears Near Completion In Edgewater, With New Baywalk, SmartCity Buying Genting Site For $1.2B, Planning Something Spectacular, Interior Demo Permit Issued This Morning At One Bayfront Plaza Supertall Site. Ground-breaking on the first residential building is expected in mid-2023 and would deliver in approximately 18 months (early 2025), with rents starting at $2,500. Off board fare collection. Miami Dade county taxpayers have paid *for years* for Metrorail extension that has never happened. Copyright 2023 ALM Global, LLC. That was Alex the great penelas, who stole all of poor people $$$. Finally, BH Group will continue to succeed by nurturing its strong relationships in the real estate market. "It's an embarrassment. How? The new owners will also remodel the existing mall. "Southland Mall has experienced a rebirth since Mr. Belk purchased the mall in 2004," said Michael Rixter, general manager of the mall. Southland Mall, which opened its doors to the community in 1966 as the first enclosed mall in Memphis, celebrated its 40th anniversary last month. List your spaces with ease and generate only verified leads with CommercialEdge Marketing. 2023 Top Security Trends: User Experience and Convenience Are Driving More Effective Security for CRE. Good more density near future metrorail stations hopfully. Fortunately, some of our favorite mall stores still exist including The Gap, Hickory Farms, and Bloomingdale's. But far more have been consolidated, rebranded, or just closed down (we're looking at you with sadness, Esprit de Corps ). Apparently many commentators here are unaware of Miamis current public transportation crisis that is set to become a complete catastrophe in the near future. Were looking forward to continuing working with the community to ensure this project reflects the values and character of Cutler Bay. The property tax for Southland Mall - 20507 South Dixie Hwy in 2022 was $94,936. Electra America and BH Group paid just over $100 million for the property. 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 . The mall features a full-sized Italian carousel. Originally developed in 1959, it has about 100 tenants. Like every other business in America, Southland Mall opens and closes on certain holidays. People have been leaving Minneapolis in droves since two weeks from today, two years ago. Southland Mall SoldA Message from the Mayor [4] Lord & Taylor closed in 1990 and became Mervyns in 1991. 50 old mall stores you probably haven't seen for years (at least not 510-266-6640. 1927), There is a history in all mens lives,Figuring the natures of the times deceased,The which observed, a man may prophesy,With a near aim, of the main chance of thingsAs yet not come to life.William Shakespeare (15641616). That Sears in the photo is in some of my earliest memoriesback in the 1970s. [9] Also, the Dillard's store closed and was torn down in 2004 for Regal Cinemas in 2005, and this was also likewise done at Pompano Citi Centre where the Dillard's was also demolished. The site incorporated a freestanding Sears location and a few other stores operating as the Palma Ceia Center (Palma Ceia being Portuguese for "Palm Supper", a reflection of the ethnic Portuguese heritage of Oakland and its newly developing suburbs) and a $20 million expansion program was announced in the fall of 1963, in which the facility would become an enclosed mall. Southland Mall's occupancy rate is 74 percent not including the Sears and Macy's stores, Rixter said, adding that with the anchors, the occupancy is at 90 percent. More Details. It was purposely built, featuring imagery of New York, and operated at the Rotterdam Square Mall in Rotterdam, NY from 1988 until it was sold in January 2007. Wells Fargo Bank, trustee for the CMBS trust that issued the loan for the 977K SF Southland Mall in Cutler Bay, Florida, filed a foreclosure lawsuit in June and won a judgment of $68.7M in principal and interest. Source: The Daily News Online & Chandler Reports, http://www.memphisdailynews.com/Editorial/StoryDaily.aspx?story=digest&date=2/16/2007, , Memphis Links In 1995, a new Mervyns store opened, replacing Joseph Magnins, an earlier . Electra America and BH Group paid just over $100 million for the property. Transit-Oriented Development? Thousands Of Units Planned At Southland Southland Mall Pics - Remembering the Marketplace of the Midsouth There would be a tax increase in some form to pay for it. In 2004, Walgreens moved out of Southland. Southland Mall Hours: Opening, Closing & Holidays Hours | January 2023 Visit today! American Landmark Apartments is one of the fastest-growing multifamily owner-operators in the United States and ranks No. What is more important , what will the People get for the tidy sum of $ 368 million. Electra America is a real estate private equity firm focused on value-add and opportunistic investments in the U.S. Sunbelt markets. 2023 CBS Broadcasting Inc. All Rights Reserved. Call 305.669.7030 or view our Media Kit. The total list of tenants and suites, along with other lease information, for this property is available on The owner of Southland Mall, B.V. Belk Jr., opened the ceremony with a welcome and thank you to the tenants. The SFBJ said that the new project would have thousands of units, however. 3 years agobefore The Great Inflationit was estimated by MDC the cost of each additional mile of Metrorail tracks would be $150 million, while constructing a light rail line would require $1.5 billion. The mall opened as Southland Mall in 1978 and was Marion County's premiere shopping and entertainment destination until the new businesses began stealing shoppers' attention, Schertzer said. Gifts also included a trophy, an air-brushed shirt from Air Xpressions and a gift certificate from 4Ever Young. A Kmart store closed in 2017 and a Sears closed in early 2020. It became the new flagship of the Hayward-based department store chain. Now public records are giving a little more information about the buyer. A Miami-area mall has been seized by its lender, which won a Feb. 10 foreclosure auction with a $2,600credit bid, the South Florida Business Journalreported. google_ad_format = "125x125_as"; The population in the state of Florida is about 22.3 million people or more. ", http://www.commercialappeal.com/mca/my_life/article/0,2846,MCA_25356_4981717,00.html. 1,018 were here. In 1961, a strip plaza known as Palma Ceia (Portuguese for "Palm Supper") was completed, which contained a Lucky's, Thrifty Drug Store (now a Rite Aid), and other smaller stores. Additional businesses on the mall property include Ross Dress for Less, SunTrust, Olive Garden, Applebee's, Regions Bank, Churromania, and Baby Elegant. Literally all thats missing is rail and itd be a modern metrorail stop. google_ad_height = 125; The former Richard's/Burdines building was torn down for J. Luria and Sons, a local catalog showroom chain, which opened at the mall in 1994. Im going to miss it. When the main building of Southland Mall was built, the Palma Ceia name was dropped. Southland Mall was dedicated in 1964, added to the previously existing Sears. Harbor Group International was the buyer. Thats what youre advocating to pay for this huge undertaking. Southland Mall is a shopping mall in Hayward, California owned and managed by Brookfield Properties. A lender has taken control of Southland Mall in Cutler Bay after a foreclosure auction failed to yield any bids over $2,600. See the list", Miami International University of Art & Design, Adrienne Arsht Center for the Performing Arts, Phillip and Patricia Frost Museum of Science, Seminole Hard Rock Hotel & Casino Hollywood, Fort LauderdaleHollywood International Airport, https://en.wikipedia.org/w/index.php?title=Southland_Mall_(Miami)&oldid=1128442379, Shopping malls in Miami-Dade County, Florida, Short description is different from Wikidata, Infobox mapframe without OSM relation ID on Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 20 December 2022, at 04:24. The Retail building was completed in 1981 and features a total of 146,658 SF. In June 2020, Wells Fargo filed a foreclosure lawsuit against Southland Mall Properties for. More commuters on our already over crowed roadways, and more traffic clogging construction work that dont result in any improvements when the orange cones are finally, if ever, removed. Fax:(305) 234-4251. The Whitehaven mainstay was bought in a March 31 substitute trustee . You are subscribed to the Bisnow South Florida Newsletter. The connection hasnt been madeand Im curiouswhat does Minneapolis have to do with greater Miami? Success! All Rights Reserved. but the $$$ for the salary that pays Carollos mansion is? 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. The property last traded for $46 million in 2004. Hopefully at least some new asphalt and some really spiffy 21 st. century benches. Wd dont want anh more peopke and traffic. South Dade's Southland Mall has been sold, and the new owners are said to be planning thousands of new residential units, according to the SFBJ. Mobile access control is not a fad. Read more about this topic: Southland Mall (Hayward, California), The visual is sorely undervalued in modern scholarship. It did not include anchors Sears or Macy's, but did include IHOP and First Tennessee Bank on outparcels, said Michael Rixter, general manager of the mall. And better is what town officials say they are working towards. The reinvention of the Southland Mall into Southplace City Center, a vibrant, mixed-use transit-oriented community with live-work-play options, promises much-needed relief for a city suffering from a major housing shortage, MIAMI (September 20, 2022) Electra America, a real estate private equity firm focused on value-add and opportunistic investment in the Sun Belt region of the U.S., along with its U.S.-affiliate, American Landmark, and BH Group, a Miami-based private real estate investment and development firm, today unveiled preliminary plans for the redevelopment and reinvention of the Southland Mall in Cutler Bay, located approximately 20 miles south of downtown Miami.
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