(305) 232-3737. Call 305.669.7030 or view our Media Kit. The store closed on February 14, 2020.[13]. [2], Most of Southland was developed in the early 1960s. Southland Mall Management Office (305) 235-8880 ext. We need you to be cool with us holding onto your email address (if we already have it) and for us to email you about commercial real estate news and events. Read more about this topic: Southland Mall (Hayward, California), The visual is sorely undervalued in modern scholarship. Troubled loan on Southland Mall offered for sale Literally all thats missing is rail and itd be a modern metrorail stop. In addition, Meerbott says the plan is to build a walkable space, which will also include housing. Demand For Brightline So High That It Just Earned A South Segment Profit: Never Really Intended, Aston Martin Residences Now Second Tallest In Miami, Closer To Completion, Dolce & Gabbana Planning Major Residential Project In Miami, 649-Foot Missoni Baia Appears Near Completion In Edgewater, With New Baywalk, SmartCity Buying Genting Site For $1.2B, Planning Something Spectacular, Interior Demo Permit Issued This Morning At One Bayfront Plaza Supertall Site. 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 lack of interest in the once bustling mall previously owned by. He said Florida not Miami. Metromover doesnt cut it. With an endowment from The Azarius Fund? Its really easy to research. 35 on the National Multifamily Housing Council list of the top apartment owners in the country with approximately 34,000 apartment units in its portfolio. Transit-Oriented Development? Southland Mall | Houma LA - Facebook Download this white paper and learn how to keep commercial buildings current with mobile access technology. 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. Website. Period. The comparison would not make sense, because Miamis population has been increasing since then. There was also a freestanding Sears. google_ad_format = "125x125_as"; We want to take 15 seconds to tell you what's going on: Sound good? Southland Mobile Accessories (786) 694-1804. Instead, former Mi Dade county mayor brokered sweetheart deals with buses. Copyright 2023 Bisnow. The appreciation ceremony concluded with Belk and family members releasing 40 balloons into the air to symbolize 40 years of history. JC Penney at Southland Mall in Cutler Bay, Florida, south of Miami. 2022 CBS Broadcasting Inc. All Rights Reserved. I think its not dense enough to support metro rail and frankly would be too far for a convenient commute but its the perfect distance for commuter trains. Southland closed in 1985 and underwent an extensive remodel that left it unrecognizable, reopening as an indoor mall with a new name: Promenade. We will email you a link to reset your password. When the main building of Southland Mall was built, the Palma Ceia name was dropped. More Details. 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. The auction was scheduled after the court ruling was handed down. Minneapolis has been gaining population for the past 15 years. Downtown Memphis Blog 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. Electra America, BH Group Buy Miami's Southland Mall For $100M It acquired the license for Mudd apparel in 2000 and Buster Brown in 2003. The mall had been owned by a subsidiary of Investcorp, a global firm with headquarters in Bahrain and $35B in assets under management. Our zoning is very favorable to development which can include high density mixed use type of development. ", First published on May 3, 2022 / 11:15 PM. Hopefully at least some new asphalt and some really spiffy 21 st. century benches. The total list of tenants and suites, along with other lease information, for this property is available on The sale included more than 220,000 square feet of the mall, which is on the south side of East Shelby Drive east of Elvis Presley Boulevard. 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. This was literally purchased last week, I love how people think this is going to make Florida better. And todays most quickly growing access control solution leverages what almost everyone today keeps with them at all times: their smartphones. 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. "It's an embarrassment. Southland Mall is a regional shopping mall in the Whitehaven neighborhood of South Memphis, Tennessee. In September 2009, Kohl's took over the Mervyn's store that had been shuttered earlier in the year. You must have JavaScript enabled to use this form. "Southland Mall has the lowest crime rate compared to the other malls in Memphis, according to the Memphis Police Department. The 80-acre, $1 billion redevelopment will be one of the largest projects of its kind in the Southeast and will be called Southplace City Center.. For more information, please visit www.alapts.com. It works seamlessly. The busses will run on NatGas or electricity and the travel lanes are dedicated to the BRT and trigger crossing gates the same way the the Metro rail would trigger gates. 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. are retail buildings over 50,000 square feet. but the $$$ for the salary that pays Carollos mansion is? Not enough people are riding the bus and that is the excuse the city will make to not expand metro rail. Mall walker Veronica Terry donated to HOPE Foundation, founded by Mother Wit, to help children infected with HIV. I did too. Leila Batista agreed, saying, "It concerns me about the property value in the area because it's already going up. A Kmart store closed in 2017 and a Sears closed in early 2020. It could work at Southland mall. 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. Business today is about data: generating it, identifying it, culling it, collating it, analyzing it and monetizing it. In addition to its core competencies, the BH team brings a vitality and spirit to the business that is most often found in driven entrepreneurs who come from challenging business environments abroad. 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. Southland Mall Directory & Map | Southland Mall The Broward Mall has a new owner after a lender acquired the retail property for $43 million in a foreclosure auction. "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.". 510-266-6640. In addition, Robert Cayre signed as vice president for Southland Mall Shopping Center LLC. It was built in 1966, becoming the first enclosed mall in the Mid-South. A daily roundup of headlines is sent, no spam ever. This. 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. Southland Mall - 20507 South Dixie Hwy was built in 1981. Southland Mall, Macy's under contract to developer 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. ", http://www.commercialappeal.com/mca/my_life/article/0,2846,MCA_25356_4981717,00.html. With initial capital commitments totaling approximately$2.5 billionacross multiple funds managed by the firm and its affiliates, Electra Americas portfolio encompasses more than $6 billion in commercial real estate property holdings and debt in the multifamily, hospitality and single-family rental home sectors. Supply and demand. It will be better. Southland Mall Dental, P.A. google_cpa_choice = "CAEQjMGkgwIQ0MCkgwIQlMCkgwIQ2L-kgwIQnL-kgwIQ4L6kgwIQpL6kgwIQ6L2kgwIQrL2kgwIQ8LykgwIQtLykgwIQ7Pa39gEQsPa39gEQ9PW39gEaCPGka20_VnAHKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEB"; 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. 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. Southland Mall Pics - Remembering the Marketplace of the Midsouth The mall opened as Southland Mall in 1978 and was Marion County's premiere shopping and entertainment destination until the new businesses began stealing shoppers' attention, Schertzer said. Thats what the half-cent sales tax raise was for, and it sunsets for that cause in two years. google_cpa_choice = "CAEQjMGkgwIQ0MCkgwIQlMCkgwIQ2L-kgwIQnL-kgwIQ4L6kgwIQpL6kgwIQ6L2kgwIQrL2kgwIQ8LykgwIQtLykgwIQ7Pa39gEQsPa39gEQ9PW39gEaCPGka20_VnAHKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEB"; "There isn't as many people as other mall so hopefully the new management it will get better," said Carlos Salas. Directory | Southland Mall The SFBJ said that the new project would have thousands of units, however. Throwback Tulsa: Southland mall builder was big man with a big heart Home | Southland Mall Southland Mall Sells In Foreclosure - Memphis Daily News 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. Metrorail is never coming that far south. "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. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing. 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. google_ad_height = 125; The population in the state of Florida is about 22.3 million people or more. The mall also features a movie theater, LA Fitness, DSW Shoe Warehouse, Victoria's Secret, Old Navy, TJ Maxx, Buffalo Wild Wings, and Ulta. 10 Regional Powerhouses to Watch: Top Retail Brands Dominating Local Markets. Stamp It! We would go to that mall a lot in my childhood years. no different just a fancier bus stop; or fancier place for homeless population to sleep in. Spencer's (305) 234-5471. "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. "It's great that Southland Mall supports the community providing a safe place to walk," said Gwen Nelson, an eight-year Southland Mall walker. Southland Mall at 1215 E. Shelby Drive has sold for $20 million to a New York-based investor. There is a shortage of housing units in Miami-Dade at all tiers. / CBS Miami. "Southland Mall has experienced a rebirth since Mr. Belk purchased the mall in 2004," said Michael Rixter, general manager of the mall. Transit-Oriented Development? Thousands Of Units Planned At Southland Lender Takes Control of Southland Mall in Cutler Bay - The Real Deal The population in the state of Minnesota is about five 5.8 million people. Cutler Bay Residents Concerned Plan To Build High-Quality Housing At Southland Mall (Hayward, California) - History - LiquiSearch Southland Mall - 20507 South Dixie Hwy - COMMERCIALCafe The developers plan is in accordance with the Towns code and will not be seeking any special approvals. *This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales. 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. Visit today! The site is conveniently bordered by the Florida Turnpike on the east and U.S. 1 on the west, placing it on major commercial crossroads in suburban Miami-Dade County, directly along the new South Corridor Rapid Transit Project, expected to open in . Your article was successfully shared with the contacts you provided. Success! In 1978, it was expanded into a full mall anchored by JCPenney, Jordan Marsh and Lord & Taylor, the last of which opened in 1982. 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. Akin to Los Angeles, Miami *used* to have a light rail network that was ripped out in favor of automotive transportbig mistake. Southland Mall sells out of foreclosure to developer Learn how and when to remove this template message, "Total Sears and Kmart Store Count Going Down to Just 95", San Antonio Shopping Center, Mountain View, https://en.wikipedia.org/w/index.php?title=Southland_Mall_(Hayward,_California)&oldid=1115000976, Buildings and structures in Hayward, California, Shopping malls in the San Francisco Bay Area, Shopping malls in Alameda County, California, Short description is different from Wikidata, Articles lacking in-text citations from November 2013, Infobox mapframe without OSM relation ID on Wikidata, Creative Commons Attribution-ShareAlike License 3.0, 1 with partial lower level (2 in anchors), This page was last edited on 9 October 2022, at 09:52. Plans are being developed for beautiful residential spaces on excess land. Floodplain Mitigation Plan Advisory Committee, Invasive Exotic Plant Species in Cutler Bay. Campbell . "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. 20505 South Dixie Hwy - Retail Space For Rent | CommercialCafe [4] Lord & Taylor closed in 1990 and became Mervyns in 1991. Southland Mall Holiday Hours. The name Southland, the mall is located in Southern Alameda County. There's a there, there new owners for Southlands Mall [10] T/S Development then bought the property in November 2004, and sold their interests to Investcorp International Realty, a global investment group, in December 2006. 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. Southland Mall SoldA Message from the Mayor We look forward to working with Electra America and BH Group to bring this important project to life, while keeping it consistent with the character of our beautiful Cutler Bay.. The market value* for Southland Mall - 20507 South Dixie Hwy in 2022 was $5,283,774. Sears is closing stores nationwide. 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. Just before 10 p.m. Sunday, Aurora . It will be open next year. 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 $$$ isnt there for it. The name Southland, the mall is located in Southern Alameda County. So there is no ridership.but WE NEED a $100 gazillion metrorail expansion. 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. //--> Nine bays . Southland Mall Hours: Opening, Closing & Holidays Hours | January 2023 The event included the recognition of Macy's (formerly Goldsmith's), Sears and Piccadilly cafeteria for being 40-year tenants, Rixter said. Download this report and discover how CRE organizations are driving process efficiencies, sustainability and security for spaces, buildings and lives. It opened in 1978[3] as an extension of the Cutler Ridge Shopping Center, which itself was opened in 1960 (shortly after its "grand reopening", Cutler Ridge Mall moniker was subsequently applied to the entire shopping center complex). The development team acquired the mall and adjacent parcels totaling 80 acres in May of this year. The landmark property, co-owned by Investcorp and Gumberg Asset Management Corp., had been having financial difficulties for years. 6796 SW 62nd AvenueSouth Miami, Florida 33143(305)669-7030, Miami Community Newspaper Sponsored Content, Latin Builders Association Community News.
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