Why hasnt he made it a priority to get federal funds down here for transportation? Mall walker Veronica Terry donated to HOPE Foundation, founded by Mother Wit, to help children infected with HIV. "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. google_ad_height = 125; The $$$ isnt there for it. Noooo leave the Cutler Ridge Mall alone. The excitement grew with the performance by Millennium M.A.D.D.ness Drill Team. Thats what the half-cent sales tax raise was for, and it sunsets for that cause in two years. Copyright 2023 ALM Global, LLC. Shopping mall in Cutler Bay, Florida, U.S. Cutler Bay (formerly Cutler Ridge), Florida, "Fitch: Southland Mall in 'imminent default' - South Florida Business Journal", "University of Miami Libraries Collections", "The Miami News - Google News Archive Search", "Cutler Ridge Mall To Be Rebuilt By Debartolo - Free Online Library", "Post-Hurricane Andrew, Retail Returns to S. Miami by Bob Andelman", "LURIA'S PLANS 40,000-SQUARE-FOOT SUPERSTORE AT REBUILT CUTLER RIDGE MALL - Free Online Library", "Former Cutler Ridge Mall making a new entrance - South Florida Business Journal", "Regal plans 16-screen theater in south Miami-Dade", "Investcorp buys Southland - South Florida Business Journal", "Sears and Kmart store closings: 51 Sears, 45 Kmart locations to shutter. You are subscribed to the Bisnow South Florida Newsletter. This property is off-market. 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,. Metromover doesnt cut it. Electra America and BH Group paid just over $100 million for the property. Use the form below to reset your password. 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. And todays most quickly growing access control solution leverages what almost everyone today keeps with them at all times: their smartphones. google_cpa_choice = "CAEQjMGkgwIQ0MCkgwIQlMCkgwIQ2L-kgwIQnL-kgwIQ4L6kgwIQpL6kgwIQ6L2kgwIQrL2kgwIQ8LykgwIQtLykgwIQ7Pa39gEQsPa39gEQ9PW39gEaCPGka20_VnAHKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEB"; The celebration week kicked off with the signing of a Southland Mall collage by shoppers and tenants expressing their congratulations. This. ;(. google_cpa_choice = "CAEQjMGkgwIQ0MCkgwIQlMCkgwIQ2L-kgwIQnL-kgwIQ4L6kgwIQpL6kgwIQ6L2kgwIQrL2kgwIQ8LykgwIQtLykgwIQ7Pa39gEQsPa39gEQ9PW39gEaCPGka20_VnAHKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEB"; The mall had been owned by a subsidiary of Investcorp, a global firm with headquarters in Bahrain and $35B in assets under. The longer elected officials delay metrorail expansion, the more expensive that expansion will be. It's already hard to afford.". In 1995, a new Mervyns store opened, replacing Joseph Magnins, an earlier Southland store. Ground Level, near Dick's Sporting Goods. of floors. The new, fully enclosed mall included a Woolworth and JCPenney. The phased redevelopment project will be a charming, self-contained community with abundant green space, bike and golf cart trails, walking trails, a trolley system, and easy access to public transit specifically, the soon-to-open Miami-Dade SMART Plan mass transit route adjacent to the property. The mall was nearly destroyed by Hurricane Andrew in 1992. Southland Mall, originally known as Cutler Ridge Mall, is a shopping mall in Cutler Bay (formerly Cutler Ridge), Florida. 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. The former Richard's/Burdines building was torn down for J. Luria and Sons, a local catalog showroom chain, which opened at the mall in 1994. "I love to assist children in need," Terry said. 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. If residents along that corridor will ride the upcoming BRT system in sufficient numbers, they can make a case for extending Metrorail. 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. Subscribe to Bisnow's South Florida Newsletters. "Cutler Bay has some standards that we want to make sure the developer abide by to provide quality housing with enough room to make it a livable space rather than a space to through people in.". BH has extensive experience in taking a project from acquisition through opening; specifically overseeing all phases of development and asset management. Unless youre aware of some magic funding source that no leaders know of. 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. Southland Mobile Accessories (786) 694-1804. Have not seen this latest version of the BRT, but can not help but wonder how different it will be from the original one ,which came on line in 1997 , that is about 25 years ago , give or take. Southland Mall - 20507 South Dixie Hwy totals 146,658 square feet. Access researched data with nationwide coverage on Southland Mall at 1215 E. Shelby Drive has sold for $20 million to a New York-based investor. Existing zoning allows 15 floors and 720 apartments, according to the Herald. More Details. Southland Mall Holiday Hours. The store closed on February 14, 2020.[13]. 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. Apparently many commentators here are unaware of Miamis current public transportation crisis that is set to become a complete catastrophe in the near future. 23000 Eureka Road, Taylor, MI 48180 Built in 1966, the property includes the 291,000-square-foot middle portion of the mall but not the part home to Sears or. The center is located off Interstate 880 at Winton Avenue, at the western end of the city. On April 29, 2022, Southland Mall was sold to Electra America and BH Group, a Miami-based private real estate investment and development firm, for $100.35 million. 510-266-6640. But its time has passed, and its time for something to meet todays needs. 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. Nah, market rate is what we need. More Details. On Aug. 24, the Heart and Soul program showcased neo-soul, reggae singers and spoken-word poets. CommercialEdge: Located at 20505 South Dixie Highway, the Southland Mall is currently 80% occupied with a mix of more than 100 tenants including JCPenney, Macy's, TJ Max, L.A. 2023 Top Security Trends: User Experience and Convenience Are Driving More Effective Security for CRE. 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 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. It has failed to see the electrifying sign language of images.Camille Paglia (b. Yeah. A limited liability company named Southland Mall Shopping Center LLC last month bought the property from Memphis Joint Venture, financing the purchase with a $17 million loan through Wachovia Bank. [9] Also, the Dillard's store closed and was torn down in 2004 for Regal Cinemas in 2005, and this was also likewise done at Pompano Citi Centre where the Dillard's was also demolished. You must have JavaScript enabled to use this form. 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. On November 7, 2019, it was announced that Sears would be closing this location a part of a plan to close 96 stores nationwide. That Sears in the photo is in some of my earliest memoriesback in the 1970s. Find property characteristics, ownership, tenant details, local market insights and more. Not at the federal level (most important) and surely not at the county level. Pantry Pride became a Phar-Mor. Source: The Daily News Online & Chandler Reports, http://www.memphisdailynews.com/Editorial/StoryDaily.aspx?story=digest&date=2/16/2007, Garden Ridge later closed and became smaller stores. The mall is anchored by JCPenney,[1] and Macy's (formerly Liberty House). JC Penney at Southland Mall in Cutler Bay, Florida, south of Miami. The property sits across from a new stop on the South Corridor Bus Rapid Transit project, which is currently under construction and slated to open early next year.