Miami caters to the international crowd. The Miami malls are some of the finest in the world and influential designers have decided that it is in their best interests to have a strong presence in the city of chic culture and elegant taste. Exclusive retailers have been one of the factors to put South Beach on the international map.
Now the fashion footprint of downtown Miami is growing and gaining another shopping paradise to the tune of 750,000 square feet. Miami Worldcenter is the original creation of The Forbes Company and Taubman Centers, Inc. Anchor tenants of Macys and Bloomingdales have already been finalized. This promises to be only the beginning of an economic boom for Miami, one of the most desired tourist destinations in the world today.
"Florida continues to be an outstanding market for world-class retail," says Sidney Forbes, founding partner of The Forbes Company. "We are delighted to add The Mall at Miami Worldcenter to our collection, and look forward to breaking ground in 2014."
The Forbes Company is known for its world-class malls in strategic locations. This new epicenter will make the fourth investment for the company in Florida. The portfolio already includes The Gardens Mall in Palm Beach Gardens, The Mall at Millenia in Orlando and Waterside Shops in Naples.
The Mall at Miami Worldcenter will be located directly across from the American Airlines Arena and the Adrienne Arsht Center for the Performing Arts. It will span over 25 acres at the northern end of the Central Business District, adjacent to I-95 and I-395.
This is the start of a city within a city. In addition to providing some of the best shopping in the hemisphere, there will also be an eclectic mix of residential, office, hospitality and entertainment components. The benefit will be a revenue-generating mecca of culture and class which will continue to draw over 35 million visitors each year. The area is already home to the newly opened Pérez Art Museum Miami (PAMM) and the new Patricia and Philip Frost Museum of Science. The location is also the site of the new Marriott Marquis World Convention Center Hotel, which will feature approximately 1,800 rooms and 600,000 square feet of convention space.
We can look forward to the mall opening in late 2016 which will be considered Phase 1.