Hobby Lobby crafting new store near Hialeah’s Westland Mall

Outparcel property was once the site of a Potamkin auto dealership

TRD MIAMI /
Oct.October 27, 2015 03:00 PM

Hobby Lobby will open a massive, 44,000-square-foot store near Westland Mall in Hialeah, on a property that is currently under construction.

Arena Capital Holdings, a Miami-based real estate investment company, paid $3.75 million for the land at 1990 West 49th Street in Hialeah in January, the company’s manager Oscar Rodriguez Jr. told The Real Deal.

The outparcel to Westland Mall had previously been owned by Macy’s. The land, which was once the site of a Potamkin car dealership, had been vacant for about five years, Rodriguez said.

Construction began in the second quarter of this year and will be finished in early 2016, he said. City National Bank provided $7.5 million in construction financing.

Hobby Lobby, based in Oklahoma City, Oklahoma, is privately owned by David and Barbara Green. The company currently has more than 700 stores in the United States, including one other in Miami-Dade County, in the Kendall area, as well as in Broward and Palm Beach counties, in Davie, Coral Springs, Deerfield Beach, and Boca Raton.

The company, whose owners are deeply religious Christians, made headlines last year when it won a landmark Supreme Court case on religious freedom and government mandates, related to providing certain forms of contraceptive to employees.

According to a Daily Beast story posted on Monday, the Greens have been under federal investigation for the past four years for the illicit importation of cultural heritage from Iraq. The family has been amassing roughly 40,000 ancient artifacts for the Museum of the Bible, a new museum the Green family is funding, which is scheduled to open in Washington, D.C. in 2017.

 

Related Articles

arrow_forward_ios
Daily Digest Miami

Miami Heat’s Udonis Haslem proposing affordable housing in North Miami, Crescent Heights and Terra score loan: Daily digest

Daily Digest Miami

Batmasian buys Deerfield Beach retail property, the Fed gears up for another rate cut: Daily digest

509 Collins Avenue and brokers Gabriel Britti, Ricardo Esteves and Ronnie Issenberg (Credit: Marcus & Millichap)

Allied Partners buys Walgreens in Miami Beach for $33M

A Neiman Marcus in Florida (Credit: Getty Images)

Neiman Marcus scores $27M loan for Galleria store in Fort Lauderdale

Daily Digest Miami

Stockbridge pays $117M for industrial deal in Miramar, Trump blames recession warning signs on a conspiracy: Daily digest

Southern Palm Crossing with Blackstone president Jon Gray and InvenTrust Properties CEO Thomas P. McGuinness

Blackstone sells Costco-anchored shops to InvenTrust for $97M

Neiman Marcus CEO Geoffroy Van Raemdonck (Credit: Getty Images)

Struggling Neiman Marcus scores loan from Credit Suisse for Coral Gables store

13353 Southwest 42nd (Credit: Realtor)

Cure-all? Miami doctor buys retail center near Kendall

arrow_forward_ios