search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomVictor Sigoura picks up site of failed West Chelsea condo for $87MVictor Sigoura picks up site of failed West Chelsea condo for $87MMarty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoff
South Florida

Aventura Mall to rank second-largest in US with expansion

Aventura Mall
Aventura Mall

Plans to expand America’s third biggest shopping center could push the Aventura Mall into the nation’s No. 2 slot.

The owners, a partnership between Turnberry Associates and Simon Property Group, want to add a 3-story, 241,000-square-foot retail wing and a 1,400-space, 7-story parking garage.

Sign Up for the undefined Newsletter

The mall, at 19501 Biscayne Boulevard just south of the Miami-Dade and Broward county line, already boasts 2.7 million square feet, and occupancy was near 100 percent in September, according to Miami Today.

The new garage would featuring a built-in transit facility for buses, shuttle vans and taxis to help serve the mall’s 28 million yearly visitors, according to Joanne Carr, the director of development in Aventura.

The expansion plan is under city review. The final plan must meet zoning requirements for the site or will need a variance approved by a vote of a city board. [Miami Today] — Angela Hunt

Tags
AventuraReal Estate CompaniesReal Estate GroupsTurnberry Associates