Miami Worldcenter in talks with “high traffic” and luxury retailers

Miami /
Feb.February 05, 2016 06:00 PM

The developers of Miami Worldcenter, recently re-imagined as a “High Street” retail concept similar to Lincoln Road, may be looking to fill their project with shopping giants like Zara, H&M and Victoria’s Secret that are at their other malls.

The news was discussed at a Paramount Miami Worldcenter sales team meeting Thursday night. Nate Forbes, president of the Forbes Co. that’s handling leasing alongside Taubman Partners, met with a group of agents to shed light on the project’s future.

According to Worldcenter spokesperson Tadd Schwartz, Forbes said the group is in talks with a number of big-name retailers that are tenants at their other U.S. malls.

“Nate Forbes came to Paramount to give the brokers an update, and in doing so, spoke about the types of tenants that Forbes & Taubman deal with all over the country,” Schwartz told The Real Deal.

He declined to discuss specifics. However, broker Michael Light wrote in a blog post that names like Zara, Victoria’s Secret and H&M have been mentioned.

Dan Kodsi, developer of Paramount Miami Worldcenter told TRD that the group is aiming for a mix of luxury and “high traffic” retailers.

The Forbes Co. owns such malls as the Mall at Millenia in Orlando, the Gardens Mall in Palm Beach Gardens, and Waterside Shops in Naples, where stores include everything from Jimmy Choo, Gucci and Chanel to Forever 21, Urban Outfitters, J. Crew and Banana Republic.

Miami Worldcenter was originally planned to be developed as a 760,000-square-foot mall anchored by Macy’s and Bloomingdale’s. But on the eve of Worldcenter’s groundbreaking, the developers announced that they had scrapped the project’s original design. Instead, they plan to build a “High Street Retail” concept totaling 300,000 square feet with a new mix of tenants. More details about the new concept are yet to be released.


Related Articles

arrow_forward_ios
Marc Roberts (Photo by Sonya Revell)
The fall and rise of Marc Roberts, Miami nightclub and condo impresario
The fall and rise of Marc Roberts, Miami nightclub and condo impresario
Naftali buys Miami Worldcenter development site for $41M
Naftali buys Miami Worldcenter development site for $41M
Naftali buys Miami Worldcenter development site for $41M
From left: Art Falcone, principal, Falcone Group; Michael Kaufman, principal, Kaufman Lynn (Falcone Group, Kaufman Lynn Construction)
Falcone Group, Kaufman Lynn win bid to develop $149M mixed-use project in Oakland Park
Falcone Group, Kaufman Lynn win bid to develop $149M mixed-use project in Oakland Park
Adam Neumann (Getty Images, iStock/Illustration by Steven Dilakian for The Real Deal)
Adam Neumann scores construction loan for Miami Worldcenter apartments, revealing site ownership
Adam Neumann scores construction loan for Miami Worldcenter apartments, revealing site ownership
Witkoff CEO Steven Witkoff, Monroe Capital CEO Theodore Koenig and 700 North Miami Avenue in Miami (Google Maps, Witkoff, Monroe Capital, Kobi Karp)
Witkoff, Monroe plan three 57-story towers on Miami Worldcenter site
Witkoff, Monroe plan three 57-story towers on Miami Worldcenter site
A rendering of The Crosby, Related's Nick Pérez and Merrimac's Nitin Motwani
Motwanis, Related to develop 450-unit condo tower at Miami Worldcenter
Motwanis, Related to develop 450-unit condo tower at Miami Worldcenter
Related Group, Merrimac JV plans Miami Worldcenter project, pays $12M for site
Related Group, Merrimac JV plans Miami Worldcenter project, pays $12M for site
Related Group, Merrimac JV plans Miami Worldcenter project, pays $12M for site
Art Falcone wins approval for 285-unit multifamily project in Pompano Beach
Art Falcone wins approval for 285-unit multifamily project in Pompano Beach
Art Falcone wins approval for 285-unit multifamily project in Pompano Beach
arrow_forward_ios

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

Loading...