The Real Deal Miami

Bal Harbour Shops sees retail surge

November 30, 2012 11:15AM

Bal Harbour Shops

The Bal Harbour Shops, which is planning a 200,000-square-toot expansion of its luxury retail mall, reported a 14 percent growth in sales in October. The Shops produced an average of $2,638 per square foot in sales last month, up 14 percent from the same period in 2011. That gives the complex a pace of nearly $2,700 per square foot in sales this year, according to Matthew Whitman Lazenby, operating partner at the Shops. — Alexander Britell