Bal Harbour Shops to add 30 new stores

Miami /
Feb.February 28, 2013 03:00 PM

The expansion of the Bal Harbour Shops will add 25 to 30 new retail stores, plus a new specialty department store, Matthew Whitman Lazenby, operating partner of the shops, told the South Florida Business Journal.

In September, the shops made a deal with the Church By the Sea after nearly half a century of talks to buy and redevelop their land in exchange for a new, eco-friendly church. And in January, the shops paid $13.5 million for the the 4,987-square-foot SunTrust Bank building at 9600 Collins Avenue, finally making the expansion possible.

“In the past couple of years the percentage of international tourists shopping at Bal Harbour has grown to more than 70 percent,” Whitman Lazenby said. “South American visitors have always been important for us. Based on the feedback from our retailers, Brazil and other South American markets are No. 1 in purchasing power, followed by Russia, Mexico and emerging Asian markets.”

As The Real Deal previously reported, the Bal Harbour Shops are partnering with Hong Kong-based Swire Properties to develop the retail component of the Brickell CityCentre project in downtown Miami. [SFBJ]-Christopher Cameron


Related Articles

arrow_forward_ios
The Bal Harbour lot (Douglas Elliman)
Bal Harbour investor Joseph Imbesi sells waterfront lot for $55M
Bal Harbour investor Joseph Imbesi sells waterfront lot for $55M
Miami-Dade condo sales map and Oceana Bal Harbour (10201 Collins Ave, Bal Harbour)
$19M Bal Harbour unit leads weekly condo sales
$19M Bal Harbour unit leads weekly condo sales
Sam Herzberg and Bal Harbour Condo. (Getty, Bal Harbour)
Real estate investor Sam Herzberg buys oceanfront Bal Harbour condo for $7M
Real estate investor Sam Herzberg buys oceanfront Bal Harbour condo for $7M
Mark Tsesarsky and St. Regis Bal Harbour Condos (Google Maps, iStock)
Hedge fund principal buys St. Regis Bal Harbour condo
Hedge fund principal buys St. Regis Bal Harbour condo
240 Bal Bay Drive, Bal Harbour (Google Maps)
Waterfront Bal Harbour mansion sells for $14M
Waterfront Bal Harbour mansion sells for $14M
200 Bal Bay in Bal Harbour (Photo via Lifestyle Production Group for Douglas Elliman)
Bal Harbour investor Joseph Imbesi lists waterfront property for $65M
Bal Harbour investor Joseph Imbesi lists waterfront property for $65M
Matthew Whitman Lazenby and Bal Harbour Shops (iStock)
Voters reject easing height restrictions for Bal Harbour Shops
Voters reject easing height restrictions for Bal Harbour Shops
Matthew Whitman Lazenby and Bal Harbour Shops
Special election could pave way for height increase at Bal Harbour Shops
Special election could pave way for height increase at Bal Harbour Shops
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...