www.dropbox.com/sh/hfjb3syv30f23j6/AACZhJB8vv0SA4Mcbsb78d5za?dl=0&preview=Cutler+Bay+Town+Center+2019.mp4. Steve & Barry's closed in late 2008. Download this white paper and learn how to keep commercial buildings current with mobile access technology. Floodplain Mitigation Plan Advisory Committee, Invasive Exotic Plant Species in Cutler Bay. Nine bays of the 76 in the mall and on the outparcels are vacant, he said. We will email you a link to reset your password. But officials of the Town of Cutler Bay say they were prepared for the possibility and had begun making arrangements for the likely outcome, since area residents who shop and go to movies there and the many hundreds of people employed there could be impacted. Website. However, with more units being built in t he area that should help speed thigns up, thats because nobody wants to ride the crappy bus; and those super rich folks in Coral Gables dont ride the metrorail; the whole thing doesnt make sense. Again guys THERES NO MONEY FOR A METRORAIL EXPANSION. Metrorail doesnt go offer routes feasible for people going to and from Coral Gables. 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. 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. Just forget it. It was announced on Mar. Drunk with self-love, criticism has hugely overestimated the centrality of language to western culture. Downtown Memphis Blog CommercialEdge: There is no county money nor federal money for this. A Liberty House (later Emporium Capwell and then Macy's) was part of a major expansion completed in 1972, which included an indoor ice rink. With three groups, ranging from little ones to teenagers, they entertained the crowd with their routine. 2023 Top Security Trends: User Experience and Convenience Are Driving More Effective Security for CRE. 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,. Campbell . Success! 1,018 were here. Built in 1966, the property includes the 291,000-square-foot middle portion of the mall but not the part home to Sears or. Just hit yes and continue on your way. You wanna get taxed outta Miami? 10720 Caribbean Boulevard Town of Cutler Bay By Brian Bandell - Real Estate Editor, South Florida Business Journal May 2, 2022 Updated May 2,. We need you to know that security is our top priority and that we hold any information we have about you under lock and key. Canes and other Cutler Bay residents who feel the same will soon get their wish of a facelift. Leila Batista agreed, saying, "It concerns me about the property value in the area because it's already going up. Taxpayers half cent sales tax increase paid for the 2.4 mile airport Metrorail expansion, plus maintenance and repairs to existing Metrorail. Noooo leave the Cutler Ridge Mall alone. What a bunch of satanic Liars and hypocrites. It was built in 1966, becoming the first enclosed mall in the Mid-South. Spencer's (305) 234-5471. Southland Mall, Cutler Bay, FL 33189 - Retail Space. Now public records are giving a little more information about the buyer. Our news is free and we intend to keep it that way. Southland Mobile Accessories. Cutler Bay Mayor Tim Meerbott also is optimistic about the possibilities. Pantry Pride became a Phar-Mor. First Republic Bank Sold to JPMorgan Chase, Aprils Apartment Rent Growth Hits Several Grim Milestones, Those New Office Building Amenities Come With Legal Risks, W&D Thinks Apartment Deals Will Start Up Again in H2, First Republic Largest Lender to San Francisco Multifamily Sector. We anticipated this back in 2006 and that type of development would not require any zoning change. Past mayor Gimnez now represents us at a federal level. Fun Minneapolis facts: How? In my opinion, this BRT route should be tri-rail style commuter rail. google_ad_format = "125x125_as"; In 1978, it was expanded into a full mall anchored by JCPenney, Jordan Marsh and Lord & Taylor, the last of which opened in 1982. The mall also features a movie theater, LA Fitness, DSW Shoe Warehouse, Victoria's Secret, Old Navy, TJ Maxx, Buffalo Wild Wings, and Ulta. Centennial scooped up the mall at 1675 West 49th Street by assuming. 23000 Eureka Road, Taylor, MI 48180 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. [6][7][8] The Luria's building later became Garden Ridge Pottery, while Dillard's took the former Mervyns which closed in 1997. It did not include anchors Sears or Macy's, but did include IHOP and First Tennessee Bank on outparcels, said Michael Rixter, general manager of the mall. 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. Investcorp engaged Gumberg Asset Management Corp in Fort Lauderdale to handle the day-to-day management and leasing of Southland Mall.[11]. The mall last August celebrated its 40th anniversary with a week-long celebration. A county-wide transit assessment emphasized utter necessity for metro rail extension with Southland mall as a metro rail and other transit hub. We would go to that mall a lot in my childhood years. "Southland Mall's 40th anniversary was truly an occasion to remember, bringing the community together to celebrate its history and its continued success," Rixter said. "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. The name Southland, the mall is located in Southern Alameda County. Delivery. Even in 2018 dollars, that would be approx $1.74 billion to extend Metrorail from Dadeland South to Southland Mall, figure over $2 billion today and far more in a few more years. Wd dont want anh more peopke and traffic. It seems likely at this point, based on announced intentions, that most existing stores and restaurants will remain, with new features being added to surrounding areas of the mall property. Truly the mall desperately needs renovation, & proposed plan would satisfy housing for many people. Southland Mobile Accessories (786) 694-1804. The stellar team at BH Group brings complimentary skills to the real estate market including acquisitions, construction, design, capital structuring and asset management. There is also a vacant anchors left by Sears and Dick's Sporting Goods, which prior to Dick's was Kohl's, and way before Mervyn's. In 2004, Walgreens moved out of Southland. Business today is about data: generating it, identifying it, culling it, collating it, analyzing it and monetizing it. Im going to miss it. Get browser notifications for breaking news, live events, and exclusive reporting. The Heal the Hood Foundation performed their Wake up Tour with a positive message in each performance. google_ad_height = 125; In 1995, a new Mervyns store opened, replacing Joseph Magnins, an earlier . Now public records are giving a little more information about the buyer. This is why so many people are being bled out of Miami because the quality of life there sucks now. ", First published on May 3, 2022 / 11:15 PM. In 2004, Southland Mall Properties paid $46 million for the retail site, according to records. Additional businesses on the mall property include Ross Dress for Less, SunTrust, Olive Garden, Applebee's, Regions Bank, Churromania, and Baby Elegant. Leveraging decades of expertise, Electra America is committed to transparency, the alignment of interests between sponsors and investors, and delivering superior risk-adjusted returns to its investors and partners. 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. The 976,889-square-foot Southland Mall was seized by a commercial mortgage-backed securities (CMBS) trust in February 2021 over a $68.7 million foreclosure judgment. JC Penney at Southland Mall in Cutler Bay, Florida, south of Miami. In 2006, Old Navy closed. How is this good news? . The mall features a full-sized Italian carousel. The property last traded for $46 million in 2004. The market value* for Southland Mall - 20507 South Dixie Hwy in 2022 was $5,283,774. And, according to a 2006 article from The Boston Globe, a man named Robert Cayre - who the Globe said is vice president of Aurora Capital - was part of a team interested in buying the historic Filene's building in Downtown Boston. Click any thumbnail image to view a slideshow, Cutler Bay Town Hall [5] The owner, Simon DeBartolo (now Simon Property Group) declared bankruptcy in the late 1990s and ownership was transferred to Lender Ocwen Federal Bank. Also subscribe to Bisnow's Commercial Real Estate Newsletter, Tiger Woods, Justin Timberlake Back 600-Acre Palm Beach County Project, $1.2B Deal Struck For 15-Acre Development Site On Biscayne Bay, Florida Bills Put Tens Of Thousands Of Historic Properties At Risk Of Demolition, Residential Development Plunges In South Florida As Rising Costs Hold Back Construction, Owner Of Kayak-Branded Miami Beach Hotel Faces Foreclosure, Also subscribe to Bisnow's National Newsletter, Phillip Pessar via Flickr Creative Commons. 106. In January 2007, Mimi's Cafe opened. Really will be cost prohibited. Southland Mall - 20507 South Dixie Hwy is located at 20507 South Dixie Hwy in the Cutler Ridge Center neighborhood, Cutler Bay, FL 33189. The Children's Place. 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. Language links are at the top of the page across from the title. [2], Most of Southland was developed in the early 1960s. Literally all thats missing is rail and itd be a modern metrorail stop. 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. "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. Southland Mall features JCPenney and Macy's as its anchor stores. Southland Mall is located at 20505 South Dixie Hwy in the Cutler Ridge Center neighborhood, Cutler Bay, FL 33189. features a total of 683,488 SF. 2022 CBS Broadcasting Inc. All Rights Reserved. "It would be a good opportunity, but the high-quality, high-pricing housing, a lot of people can't afford that," said Cutler Bay resident Latoya McCray. Southland Mall was dedicated in 1964, added to the previously existing Sears. A Liberty House (later Emporium Capwell and then Macy's) was part of a major expansion completed in 1972, which included an indoor ice rink. Transit-Oriented Development? Total retail floor area. 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 want to take 15 seconds to tell you what's going on: Sound good? Id rather Metrorail be extended to Miami Beach east, and Little Havana, Doral, and FIU west, before any extension southbound into a low-density suburban area. google_ad_width = 125; Allow me Some people may have been surprised when it was announced on various real estate news websites that Cutler Bay's Southland Mall, 20505 S. Dixie Hwy., had been seized by Wells Fargo Bank,. This is not a step Southland Mall at 1215 E. Shelby Drive has sold for $20 million to a New York-based investor. thats the biggest problem. 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. google_ad_width = 125; , Memphis Links (305) 232-3737. The stations are safe, secure and easily accessible and upgradeable for the day that there is enough ridership to substantiate upgrading. 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). Did everyone not reas the the article? Electra America is a partnership between The Lubeck Family and a subsidiary ofElectra Real Estate Ltd., an Israeli company founded in 1972 and publicly traded on the Tel Aviv stock exchange (TLV: ELCRE). (786) 393-7192. Wells Fargo Bank, trustee for the CMBS trust that issued the loan for the 977K SF Southland Mall in Cutler Bay, Florida, filed a foreclosure lawsuit in June and won a judgment of $68.7M in principal and interest. As the coronavirus pandemic was bearing down and tenants struggled, Investcorp decided to let the property go,The Real Deal reported last year. 6796 SW 62nd AvenueSouth Miami, Florida 33143(305)669-7030, Miami Community Newspaper Sponsored Content, Latin Builders Association Community News. Nobody is saying it should be free. The landmark property, co-owned by Investcorp and Gumberg Asset Management Corp., had been having financial difficulties for years. "Southland Mall has experienced a rebirth since Mr. Belk purchased the mall in 2004," said Michael Rixter, general manager of the mall. Thousands Of Units Planned At Southland Mall, Next To New BRT Stop, All Rights Reserved 2023 The Next Miami. In June 2020, Wells Fargo filed a foreclosure lawsuit against Southland Mall Properties for. Off board fare collection. Southland Mall Dental, P.A. You must have JavaScript enabled to use this form. Southland Mall is an enclosed shopping center featuring nearly 100 stores, dining, and entertainment options located in Cutler Bay, Florida. google_ad_client = "pub-3056635427836124"; The new ownership team envisions a city within a city for living, working, shopping, and playing that will feature more than 4,000 residential units, over 500,000 square feet of curated retail, and exciting dining and entertaining venues at the existing mall, with an additional 150,000 square feet of prime retail space and outparcels for food and beverage operators. We look forward to providing additional information about our plans shortly. The lack of interest in the once bustling mall previously owned by. Pyramid Promises 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. of floors. Electra America is a real estate private equity firm focused on value-add and opportunistic investments in the U.S. Sunbelt markets. 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. The mall was largely destroyedby Hurricane Andrew in 1992 and rebuilt the following year. On Aug. 26, the 40 Years Walk/Stroll began at 8 a.m. and showed appreciation to Southland Mall's faithful mall walkers by giving free T-shirts and Coke products. I just hate to see it go it was such a big part of my childhood and my cousins childhood. All Rights Reserved. "You have to worry about what's gonna happen when a mall is struggling, so we decided to come up with a vision for this area rather than leave it at the hands of the developer on their own," said Tim Meerbott, the mayor of Cutler Bay. Its literally a piece of my childhood. However, the list below shows better . ", http://www.commercialappeal.com/mca/my_life/article/0,2846,MCA_25356_4981717,00.html. Abandoned Baton Rouge. Find property contacts with verified and updated contact information on 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. We need additional data to finish your registration. In addition, Robert Cayre signed as vice president for Southland Mall Shopping Center LLC. Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}253428N 802207W / 25.574392N 80.368735W / 25.574392; -80.368735. The event included the recognition of Macy's (formerly Goldsmith's), Sears and Piccadilly cafeteria for being 40-year tenants, Rixter said. Cutler Bay, FL 33189, Phone:(305) 234-4262 This. Like every other business in America, Southland Mall opens and closes on certain holidays. The population in the state of Minnesota is about five 5.8 million people. As part of our marketing strategy, the town has developed a promotional video which highlights the Vision, Zoning and Federal Opportunity Zone designation., The video may be viewed at But its time has passed, and its time for something to meet todays needs. ;(. At zip code level, there are 11 commercial properties, of which 9 are retail buildings over 50,000 square feet. A Kmart store closed in 2017 and a Sears closed in early 2020. More Details. Mobile access control is not a fad. The owner of Southland Mall, B.V. Belk Jr., opened the ceremony with a welcome and thank you to the tenants. google_ad_format = "125x125_as"; Minnesota is cold. The name Southland, the mall is located in Southern Alameda County. "It's an embarrassment. Nine bays . South Dade's Southland Mall has been sold, and the new owners are said to be planning thousands of new residential units, according to the SFBJ. The Cayre Group produces children's, juniors' and ladies' apparel, according to its Web site. Connect To Your Customers & Grow Your Business. Thats what youre advocating to pay for this huge undertaking. Jeremy Larkin, co-chairman of commercial brokerage NAI Miami, who wasn't involved in the deal, told the Miami Heraldthat the mall has redevelopment potential considering the population in Cutler Bay has grown 15% over the past decade. Zell . 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. Period. //--> More Details. The plan also calls for a new vehicular entrance directly off U.S. 1, featuring a welcoming entrance square with a large fountain and extensive green space, along with a pedestrian bridge connecting the community to the new bus rapid transit stop. Minnesota is the Land of 10,000 lakes. *May exclude premium content "Mr. Belk's commitment to the property, the extensive renovations completed in 2005 restoring Southland Mall to its prominent position as the flagship of retail businesses in Whitehaven and unique business strategies have placed Southland Mall on the road to continued success.". 11am - 8pm. Were looking forward to continuing working with the community to ensure this project reflects the values and character of Cutler Bay. Miami Dade county taxpayers have paid *for years* for Metrorail extension that has never happened. The entire community will feature bike and golf cart paths, pedestrian walking trails, and trolley stops to minimize the use of cars.
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