Saks emerges as opponent to Bal Harbour Shops expansion

Miami /
Apr.April 06, 2017 11:15 AM

A new opponent to the proposed Bal Harbour Shops expansion emerged at a public meeting this week: Saks Fifth Avenue.

An attorney for Saks spoke out against the $400 million expansion of the Shops, which in its latest version leaves the anchor tenant untouched, according to the Miami Herald. Whitman said that Saks owns the building it occupies via a ground lease, and that the store decided to stay put when the expansion was reduced. Saks said the plan is “detrimental” to the shopping experience of its customers.

Bal Harbour Shops’ owner Whitman Family Development responded, saying in a statement:

“Saks then requests tens of millions of dollars from us to improve its own building and threatens to be ‘a thorn in our side’ during the public hearings if we refuse … And here they are tonight.”

About 200 people attended the meeting on Tuesday, which was held at the nearby Sea View Hotel. Whitman’s expansion plans have been in the works for years, and have hit several roadblocks from opposing Bal Harbour residents, as well as the Village Council.

Earlier this year, Whitman withdrew its offer to buy the village municipal building and submitted the latest plan, which calls for an additional 352,000 square feet of mostly retail space. The mall owners would move current parking to add to the new structure. Meanwhile, a new parking lot would be built at 9700 Collins Avenue, the former site of the Church by the Sea. The overall plan comes to an increase of about 17 percent.

In March, a group of opposing residents and its lawyer accused village officials of stonewalling their latest effort to block the luxury shopping center’s plan.  [Miami Herald] – Katherine Kallergis


Related Articles

arrow_forward_ios
Davie student housing complex scores $62M refi, construction loan
Davie student housing complex scores $62M refi, construction loan
Davie student housing complex scores $62M refi, construction loan
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Alina Residences in Boca Raton (Alina Residences)
El-Ad scores $53M construction loan for Alina Residences in Boca Raton
El-Ad scores $53M construction loan for Alina Residences in Boca Raton
Nathan Reiber was the developer for Champlain Towers South in Surfside (Getty, Levitt-Weinstein Obituary)
Surfside condo developer faced legal trouble in Canada, found clean slate in South Florida
Surfside condo developer faced legal trouble in Canada, found clean slate in South Florida
Rendering of Boca Ice and Fine Arts Center courtesy of Peninsula Ice LLC 
Ice skating gliding into Boca: Arena developers score $14M construction loan
Ice skating gliding into Boca: Arena developers score $14M construction loan
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
Moishe Mana and the downtown parking lot he purchased (Google Maps, Getty)
Moishe Mana expands downtown Miami assemblage with $12M purchase
Moishe Mana expands downtown Miami assemblage with $12M purchase
Steven Witkoff and 700 North Miami Avenue (Google Maps)
Witkoff, Monroe pay $94M for site of canceled Marriott hotel at Miami Worldcenter
Witkoff, Monroe pay $94M for site of canceled Marriott hotel at Miami Worldcenter
arrow_forward_ios

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

Loading...