Fortunately, some of our favorite mall stores still exist including The Gap, Hickory Farms, and Bloomingdale's. But far more have been consolidated, rebranded, or just closed down (we're looking at you with sadness, Esprit de Corps ). A lender has taken control of Southland Mall in Cutler Bay after a foreclosure auction failed to yield any bids over $2,600. google_ad_client = "pub-3056635427836124"; I just hate to see it go it was such a big part of my childhood and my cousins childhood. Southland Mall SoldA Message from the Mayor MD County recently was awarded $1.2 billion in federal transit money, and none of it is earmarked for Metrorail or Metromover expansionits for repairs and maintenance to existing systems. www .southlandmallmemphis .com. Are you saying that Minneapolis real estate is affordable because people have been leaving the city for decades? "The mall has been decaying quite a bit, as you can see in the background it needs a major facelift to say the least," added Canes. The new, fully enclosed mall included a Woolworth and JCPenney. I can see the Sears going away but the rest of the mall should be updated with better stores. It was purposely built, featuring imagery of New York, and operated at the Rotterdam Square Mall in Rotterdam, NY from 1988 until it was sold in January 2007. It is managed and owned by Namdar Realty Group. Leila Batista agreed, saying, "It concerns me about the property value in the area because it's already going up. Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business. Already have an account? There are thoughtful professional DOT blueprints, proposals and discussions easily available on the web for those interested in this critical topic. features a total of 146,658 SF. But, Just Do It anyhow right? "Cutler Bay is the geographic center of the county yet there's very little opportunity here for jobs, very little opportunity here for entertainment, and this could be the spark that changes everything," added Meerbott. You are subscribed to the Bisnow South Florida Newsletter. It was built in 1966, becoming the first enclosed mall in the Mid-South. The project design team for Southplace City Center includes economic advisors Florida Economic Advisors, retail consultants CPH, master planner/designer MSA Architects Inc., landscape planner Insite Studio and civil/traffic engineer Kimley Horn. Success! It has failed to see the electrifying sign language of images.Camille Paglia (b. "It's an embarrassment here, it's dilapidated," said longtime Cutler Bay resident Dahlia Canes as she walked around Southland Mall. The Memphis Business Journal is reporting that a New York-based private investment partnership, Southland Mall Shopping Center LLC, has bought the Southland Mall for $20 million. The mall also features a movie theater, LA Fitness, DSW Shoe Warehouse, Victoria's Secret, Old Navy, TJ Maxx, Buffalo Wild Wings, and Ulta. Read more about this topic: Southland Mall (Hayward, California), The visual is sorely undervalued in modern scholarship. He weighed 261 pounds, according to newspaper advertisement he placed in a special supplement about the grand opening of Southland Shopping Center in 1965. The program concluded with Cheryl Jefferson's name being drawn for an island trip for two provided by Soul Classic 103.5 FM and Power 99. The event included the recognition of Macy's (formerly Goldsmith's), Sears and Piccadilly cafeteria for being 40-year tenants, Rixter said. It became the new flagship of the Hayward-based department store chain. Pyramid Promises The stations are safe, secure and easily accessible and upgradeable for the day that there is enough ridership to substantiate upgrading. 3 years agobefore The Great Inflationit was estimated by MDC the cost of each additional mile of Metrorail tracks would be $150 million, while constructing a light rail line would require $1.5 billion. Southland Mall's occupancy rate is 74 percent not including the Sears and Macy's stores, Rixter said, adding that with the anchors, the occupancy is at 90 percent. We will email you a link to reset your password. Westland Mall in Hialeah Trades for $149M - The Real Deal South Florida Southland Mall Sells In Foreclosure - Memphis Daily News Minneapolis gained 50k people in the past decade and all neighborhoods in Minneapolis continue to increase in population. It acquired the license for Mudd apparel in 2000 and Buster Brown in 2003. Rezone and build affordable and workforce housing. New life for Southland Mall; Storage, Starbucks, AutoZone planned There's a there, there new owners for Southlands Mall Lender Takes Control of Southland Mall in Cutler Bay - The Real Deal The mall is primarily a single-level structure, with a small lower level beneath JCPenney, a movie theater, and free standing restaurants in the outlying parking areas. Apparently many commentators here are unaware of Miamis current public transportation crisis that is set to become a complete catastrophe in the near future. Yeah. We need additional data to finish your registration. In 2002, management of the mall was assigned to T/S Development of Miami, Florida, which changed the name of the mall in November 2003 to Southland Mall. Like every other business in America, Southland Mall opens and closes on certain holidays. Specifically, the developers master plan calls for updating the existing 808,766-square-foot mall with cosmetic improvements and the addition of several new high-quality retailers; the phased development of 4,395 new market-rate apartments catering to a full spectrum of household budgets; the addition of several new retail and restaurant concepts, situated around a series of man-made lakes and open spaces; a new specialty grocer, a 150-key hotel, and 60,000 square feet of medical office space; and a terraced community amphitheater/bandshell. It could work at Southland mall. Delivery. "Southland Mall has experienced a rebirth since Mr. Belk purchased the mall in 2004," said Michael Rixter, general manager of the mall. google_ad_format = "125x125_as"; Fax:(305) 234-4251. Canes and other Cutler Bay residents who feel the same will soon get their wish of a facelift. At zip code level, there are 11 commercial properties, of which 9 are retail buildings over 50,000 square feet. The new, fully enclosed mall included a Woolworth and JCPenney. The site is ready for change and this project will check so many boxes on our communitys wish listthousands of jobs, more restaurants, entertainment, and a fresh look, to name a few. Total retail floor area. Troubled loan on Southland Mall offered for sale Garden Ridge later closed and became smaller stores. Find property characteristics, ownership, tenant details, local market insights and more. The center is located off Interstate 880 at Winton Avenue, at the western end of the city. 50 old mall stores you probably haven't seen for years (at least not Not enough people are riding the bus and that is the excuse the city will make to not expand metro rail. Now public records are giving a little more information about the buyer. Again guys THERES NO MONEY FOR A METRORAIL EXPANSION. 1927), There is a history in all mens lives,Figuring the natures of the times deceased,The which observed, a man may prophesy,With a near aim, of the main chance of thingsAs yet not come to life.William Shakespeare (15641616). The Southlands mall, which opened in 2005, was recently sold for $ 141 million. Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. Metrorail doesnt go offer routes feasible for people going to and from Coral Gables. Cutler Bay Residents Concerned Plan To Build High-Quality Housing At More Details. All Rights Reserved. This was literally purchased last week, I love how people think this is going to make Florida better. You may login with either your assigned username or your e-mail address. Thats what youre advocating to pay for this huge undertaking. When the main building of Southland Mall was built, the Palma Ceia name was dropped. Get browser notifications for breaking news, live events, and exclusive reporting. The development team acquired the mall and adjacent parcels totaling 80 acres in May of this year. Ensuring that this project aligns with our communitys vision and has a proper mix of use is extremely important to the Town Council and me. The $$$ isnt there for it. Southland Mall | Houma LA Southland Mall, currently the only enclosed mall that serves southern Miami-Dade and the Florida Keys, has a mix of more than 100 tenants including Macy's, JCPenney, TJ Max, L.A. Fitness,. Mobile Access Management: Finding a Home in Commercial Facilities. 106. Southland Mall, the 986,100-square-foot indoor mall at 20505 S. Dixie Highway in Cutler Bay, is the first major shopping center to be foreclosed due to the coronavirus outbreak. //-->, Memphis Links www.dropbox.com/sh/hfjb3syv30f23j6/AACZhJB8vv0SA4Mcbsb78d5za?dl=0&preview=Cutler+Bay+Town+Center+2019.mp4. 220,115 square feet (20,449.4 m 2) No. People have been leaving Minneapolis in droves since two weeks from today, two years ago. The reinvention of the Southland Mall into Southplace City Center, a vibrant, mixed-use transit-oriented community with live-work-play options, promises much-needed relief for a city suffering from a major housing shortage, MIAMI (September 20, 2022) Electra America, a real estate private equity firm focused on value-add and opportunistic investment in the Sun Belt region of the U.S., along with its U.S.-affiliate, American Landmark, and BH Group, a Miami-based private real estate investment and development firm, today unveiled preliminary plans for the redevelopment and reinvention of the Southland Mall in Cutler Bay, located approximately 20 miles south of downtown Miami. Southland Mall features JCPenney and Macy's as its anchor stores. Call 305.669.7030 or view our Media Kit. Were looking forward to continuing working with the community to ensure this project reflects the values and character of Cutler Bay. We look forward to providing additional information about our plans shortly. But he adds those housing units will be different from other developments. 23000 Eureka Road, Taylor, MI 48180 This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. They are adding it to the joint Southland Mall Hours: Opening, Closing & Holidays Hours | January 2023 Visit today! owners, building management, representatives from permits and tenants. JC Penney at Southland Mall in Cutler Bay, Florida, south of Miami. "So, we develop a division which would be amenable with our town a mix-used environment that will bring all the things that we can use restaurants, entertainment, jobs something that's very vital in every community," added Meerbott. MEMPHIS, Tenn. Project developments at Southland Mall have moved off the drawing board and toward reality with a storage facility set to open in July in the space formally occupied by Sears.. This is not a step Stamp It! Did I say we should copy Minnesota housing? 510-266-6640. 1,018 were here. A Miami-area mall has been seized by its lender, which won a Feb. 10 foreclosure auction with a $2,600credit bid, the South Florida Business Journalreported. Public records from the Shelby County Register's Office show the address of the LLC as that of Aurora Capital Associates in New York - the same address as that of The Cayre Group Ltd. On Aug. 24, the Heart and Soul program showcased neo-soul, reggae singers and spoken-word poets. Mall walker Veronica Terry donated to HOPE Foundation, founded by Mother Wit, to help children infected with HIV. In June 2020, Wells Fargo filed a foreclosure lawsuit against Southland Mall Properties for. Campbell . Southland Mall is a regional shopping mall in the Whitehaven neighborhood of South Memphis, Tennessee. Minneapolis is currently 17.7% smaller than it was in 1950. However, the list below shows better . All Rights Reserved. Southplace City Center will provide a wide range of market-rate housing options, and its location close to major thoroughfares and mass transit, yet away from residential communities, minimizes traffic and facilitates the use of public transportation two key priorities for this community. "We have worked hard over the last two years and plan to continue to work hard to ensure Southland Mall has 40 more great years," Belk said. What is more important , what will the People get for the tidy sum of $ 368 million. Gifts also included a trophy, an air-brushed shirt from Air Xpressions and a gift certificate from 4Ever Young. Old Sears building at Southland Mall is sold By David Volz Oct 28, 2022 0 Work is continuing on the new development of the project involving the former Southland Mall. Click any thumbnail image to view a slideshow, Cutler Bay Town Hall CUTLER BAY (CBSMiami) Southland Mall in Cutler Bay will soon be transformed into a multimillion-dollar mixed-use development with homes, restaurants and retails shops. What a bunch of satanic Liars and hypocrites. Really will be cost prohibited. Politicians did not have to guts to tell taxpayers the ugly truththat the mass expansion they touted would take around a 1.5 2 cent sales tax increase. Pantry Pride became a Phar-Mor. Off board fare collection. Generating an unprecedented response from a broad range of local, national, and international buyers. google_ad_width = 125; The mall features a full-sized Italian carousel. 2023 Top Security Trends: User Experience and Convenience Are Driving More Effective Security for CRE. Electra America and BH Group recently announced they have purchased the former Sears building on the Mall's site. Transit-Oriented Development? Thousands Of Units Planned At Southland We need you to be ok with our use of information like your general location or reading habits to personalize your experience, so we can suggest the right stories to read or events for you to attend. On Aug. 23, an appreciation ceremony was held to recognize the accomplishments and successes of the mall throughout the years. The City of Southfield has sold the historic Northland Mall for Southland Mall, Macy's under contract to developer May 3, 2022 / 11:15 PM South Dades Southland Mall has been sold, and the new owners are said to be planning thousands of new residential units, according to the SFBJ. However, if its extending from the Miami Airport Station south West 37th Avenue to Douglas Road Station with more stations in between, there will be more reason to use it. Im going to miss it. The mall is anchored by JCPenney,[1] and Macy's (formerly Liberty House). Southland Mall is an enclosed shopping center featuring nearly 100 stores, dining, and entertainment options located in Cutler Bay, Florida. Southland Mall Dental, P.A. They really need to extend that metro rail, traffic south of the metro is a nightmare but the new housing units is a good start. Electra America, a real estate private equity firm focused on value-add and opportunistic investment in the Sun Belt, and BH Group, a Miami-based private real estate investment and development firm, have formed a joint venture to acquire the Southland Mall in the Cutler Bay section of Miami-Dade County, approximately 20 miles south of downtown Miami. In February, Ford City Mall's owner, iStar Financial, hired Jones Lang LaSalle to sell the shopping center that it acquired from Sam Zell in late 2012 through a deed-in-lieu of foreclosure. With three groups, ranging from little ones to teenagers, they entertained the crowd with their routine. South from Airport to Douglas Rd and then a new line from FIU to the east along SR 41, I dont think the vendors along Calle Ocho will let that happen, The thing is, middle and upper class people dont want to take a bus but will ride trains. It's a community in itself.". The partners are planning a major mixed-use redevelopment of the site, including modernizing and repositioning the mall and building a residential development on the remaining land. Build the MetroRail This could help the housing situation. In 1950, Minneapolis was the 17th largest city in the US; now its fallen to the 46th largest city in the US. Steps New York (305) 235-6662. American Landmark Apartments is one of the fastest-growing multifamily owner-operators in the United States and ranks No. Not gonna happen. The mall also features a movie theater, LA Fitness, DSW Shoe Warehouse, Victoria's Secret, Old Navy, TJ Maxx, Buffalo Wild Wings, and Ulta. Literally all thats missing is rail and itd be a modern metrorail stop. Lol. We have been in contact with many groups looking to redevelop the mall, Mayor Meerbott said. Southland Mall at 1215 E. Shelby Drive has sold for $20 million to a New York-based investor. Southland Mall Holiday Hours. Too bad they dug up the FEC rail that previously existed, and are doing the same for areas around Kendall that are perfect from a Tri-Rail spur from Hialeah Market Station. Download this report and discover how CRE organizations are driving process efficiencies, sustainability and security for spaces, buildings and lives. According to town officials, the mall, which was in bankruptcy, was recently sold for more than $100 million and the new owners have agreed to work with the town to transform the more than 80-acre property. Old Sears building at Southland Mall is sold | News You must have JavaScript enabled to use this form. Your article was successfully shared with the contacts you provided. Taxpayers half cent sales tax increase paid for the 2.4 mile airport Metrorail expansion, plus maintenance and repairs to existing Metrorail. 2022 CBS Broadcasting Inc. All Rights Reserved. Southland Mall sells out of foreclosure to developer Directory | Southland Mall When Cutler Ridge Mall reopened the following year, none of the original Cutler Ridge Shopping Center (except Sears) remained standing. Enter your email below. There is a shortage of housing units in Miami-Dade at all tiers. More commuters on our already over crowed roadways, and more traffic clogging construction work that dont result in any improvements when the orange cones are finally, if ever, removed. We're not asking for your money. Southland Mall sells for $20 million - Action News 5 The new owners will also remodel the existing mall. Investcorp engaged Gumberg Asset Management Corp in Fort Lauderdale to handle the day-to-day management and leasing of Southland Mall.[11]. Past mayor Gimnez now represents us at a federal level. It works seamlessly. Ground-breaking on the first residential building is expected in mid-2023 and would deliver in approximately 18 months (early 2025), with rents starting at $2,500.