The Real Deal Miami

Brickell City Centre lands anchor retail tenant

Saks Fifth Avenue to open 107,000 square foot store at project in fall 2016
Stephen Owens

Stephen Owens

Brickell City Centre officially has an anchor retail tenant.

Saks Fifth Avenue plans to open a three-floor, 107,000-square-foot store at the $1.1 billion mixed-use project by fall 2016. The City Centre location joins Saks’ other Miami-Dade County stores at Dadeland mall and Bal Harbour Shops. Whitman Family Development, the owners of Bal Harbour Shops, are partnering with Swire Properties on the development.

“It’s a milestone for us and it’s a true achievement on our part to secure such a fantastic, luxury brand as our first announced tenant,” Swire president Stephen Owens told the Miami Herald. “Saks’ commitment to join us is a further confirmation of the luxury interest in Brickell and in urban Miami.”

Another large mixed-use project in the city’s urban core, Miami Worldcenter, landed Bloomingdale’s and Macy’s as anchor tenants late last year. Owens noted City Centre will only have one luxury anchor – Saks – with restaurants, shops and entertainment tenants filling the rest of the development’s retail space. [Miami Herald]Eric Kalis