Bal Harbour Shops owner proposes $200M expansion

Miami /
Oct.October 10, 2013 11:00 AM

Whitman Family Development proposed a $200 million plan yesterday to ramp up the retail at Bal Harbour Shops.

The 450,000-square-foot shopping center north of Miami Beach – which was last year named the world’s most productive shopping center, measured by sales per square foot – would gain 250,000 square feet of retail space by 2016. The space would include 100,000 square feet of department stores and more than 20 specialty retail shops. Neiman Marcus would expand and a third anchor store would be added, joining Neiman and Saks Fifth Avenue. While they’re at it, they will also build a new 60,799-square-foot church for the Church by the Sea next door.

Matthew Whitman Lazenby, president and chief executive of Whitman Family Development, presented two sets of redevelopment plans to the village of Bal Harbour for review. The owners brought aboard a team of architects to conceive of the master plan: Raymond Jungles Landscape Architects, Zyscovitch Architects, Leo A. Daly Architects and consulting architects Maria Sellek and Mark Hampton.

“The objective of the plan is to respond to the needs of the market and to make sure Bal Harbour Shops remains as compelling a destination tomorrow as it has been for the last 50 years,” Lazenby told the Herald. [Miami Herald]Mark Maurer


Related Articles

arrow_forward_ios
One Thousand Museum, Regalia, Gables Club Tower II, Fendi Chateau Ocean Residences, Jade Signature (Google Maps)
Condo sale prices continue to climb in September
Condo sale prices continue to climb in September
From left: Jon Paul Perez, Jorge Perez, and Two Roads’ Taylor Collins and Reid Boren with  Bal Harbour tower (Two Roads, Getty, Related)
Related-led team wins approval for oceanfront Bal Harbour tower
Related-led team wins approval for oceanfront Bal Harbour tower
Gables Club Tower II at 60 Edgewater Drive in Coral Gables (Condo.com, Getty)
Coral Gables closing tops Miami-Dade’s weekly condo sales
Coral Gables closing tops Miami-Dade’s weekly condo sales
Jade Signature (Google Maps, Getty)
Jade Signature closing tops Miami-Dade’s weekly condo sales
Jade Signature closing tops Miami-Dade’s weekly condo sales
Regalia at 19575 Collins Avenue Sunny Isles Beach, Armani Residences at 18975 Collins Avenue Sunny Isles Beach, Asia Brickell Key at 900 Brickell Key Blvd, and Muse at 17141 Collins Avenue Sunny Isles Beach (Condo.com)
Miami-Dade’s August top condo sales show market emerging from summer slowdown
Miami-Dade’s August top condo sales show market emerging from summer slowdown
Terranova’s Stephen Bittel with 93 Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Ytech's Yamal Yidios with 1500 Brickell Avenue
Ytech buys historic Brickell château, plans restoration
Ytech buys historic Brickell château, plans restoration
Joseph Swedroe and 286 Bal Bay Drive (Getty Images, Google Maps, Eleventh Circuit Court)
Legal battle ramps up at waterfront Bal Harbour condo building
Legal battle ramps up at waterfront Bal Harbour condo building
arrow_forward_ios

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

Loading...