Swire Properties Limited (HKG:1972) Miami Expansion
Swire Properties Limited (HKG:1972), one of South Florida’s leading international developers of urban real estate, and retail co-developers Whitman Family Development and Simon Property Group, continue Brickell City Centre’s series of retail announcements with the newest selection of premier international luxury and contemporary brands joining its open-air shopping center. Leading UK retailers Ted Baker, a contemporary menswear and womenswear brand, and Agent Provocateur, a luxury intimate apparel brand, are among the mix of cosmopolitan stores set to open in fall 2016. The list also includes Italian linen apparel company 100% Capri and global footwear, apparel and accessories company Addict. Two additional European brands, French swimwear brand Vilbrequin and Monaco-based women’s jewelry merchant APM Monaco, round off the list.
Select stores will be strategically located throughout the street-accessible first floor of Brickell City Centre’s retail component, housing luxury brands. Others will open on the second and third floors, emphasizing premium and contemporary retailers along with a mix of beauty, home decor, jewelry, apparel and other stores. Brickell City Centre will offer a unique vertical shopping experience, a successful shopping model common in international cities and well-recognized by global travelers.
“Miami is one of the nation’s leading markets for international visitors, who contribute to approximately 70 percent of annual retail sales in the city,” said Debora Overholt, senior retail director at Swire Properties. “World-class international brands recognize the value of establishing a foothold at Brickell City Centre, which, in addition to visitor density, will feature a rare combination of density in residential and office traffic.”
This carefully curated selection of retailers at Brickell City Centre reaffirms Swire’s commitment to offering an unprecedented mix of domestic and international designers, both well-established and emerging, which will serve the international visitor, part-time resident, locals and professionals from the Brickell area.
“Miami’s retail market is seeing an increase in discerning shoppers, seeking to invest in high-quality products that will withstand time,” said Courtney Lord, vice president of leasing for Whitman Family Development. “We are envisioning Brickell City Centre’s retail component with these end users in mind, who will appreciate the high-caliber brands we’ve announced in the latest unveiling.”
“Brickell is on the forefront of a cultural evolution, transforming into a bustling metropolis to rival Manhattan,” said Sharon Polonia, executive vice president of leasing at Simon. “With a walk score of 90 and projects such as Brickell City Centre slated to increase the neighborhood’s walkability, leading retail brands are now congregating here to reap the benefits of Brickell’s urban makeover.”
The shopping center will seamlessly connect with Miami’s key transportation nodes. Swire Properties is incorporating a Miami Metromover stop that exits directly into the shopping center’s third floor to allow easy and convenient access. The shopping center will ease vehicle movement with an expansive two story underground carpark that traverses streets in the lower level.
These newly revealed international brands are fourth in a series of retail announcements for the $1.05 billion mixed-use project. Luxury brands Valentino and Chopard were announced last month, followed by contemporary brands Lululemon, Harmont & Blaine, Cole Haan, Illesteva and OndadeMar, and eateries Pubbelly Sushi, Pasión del Cielo, Quinto La Huella and Sugar. The next group of confirmed retail tenants will be announced in the fall.
Leading luxury retailer Saks Fifth Avenue has signed as Brickell City Centre’s anchor tenant and will occupy three floors of the shopping center with street-level access. Brickell City Centre’s two condominium towers, two Class A office buildings, including one almost entirely leased by international law firm, Akerman, and its EAST, Miami Hotel, will also act as anchors for the shopping center, along with a luxury dine-in theater Cinemex.
The condominium, office, and hotel component at Brickell City Centre are set for completion end of 2015.
About Brickell City Centre
Brickell City Centre is a landmark $1.05 billion, 5.4 million square feet, mixed-use development in downtown Miami from Swire Properties Inc, one of South Florida’s leading international developers of real estate known for its $1 billion master-planned development of Brickell Key. The project’s first phase includes a luxury shopping center, two residential towers, a hotel with residences, and two mid-rise office towers. The project is LEED®-registered for Neighborhood Development – currently one of the largest in the U.S. Sustainability elements include the $30 million CLIMATE RIBBON™; a masterpiece of art and science, the elevated trellis will span 150,000 square feet, connecting the project’s three city blocks and acting as an environmental management system. As the largest private-sector project currently under construction in Miami, Brickell City Centre began vertical construction in 2013 and the first phase of construction is scheduled for completion beginning the end of 2015. More information is available at www.brickellcitycentre.com.
About Swire Properties
Swire Properties Inc, headquartered in Miami since 1979, is one of South Florida’s leading international developers of urban office, hotel and condominium properties. Known for its $1-billion, master-planned development of the island of Brickell Key in downtown Miami, Swire continues to shape the Miami skyline with its latest project, Brickell City Centre, a $1.05-billion, mixed-use complex comprising a gross floor area of 5.4-million gross square feet, including an underground carpark and 2.9-million square feet of office, residential, hotel, retail and entertainment space. The company is a wholly owned subsidiary of the publicly listed Swire Properties Limited based in Hong Kong. For more information, visit www.swireproperties.us.
About Simon
Simon is a global leader in retail real estate ownership, management and development and a S&P100 company (Simon Property Group, NYSE: SPG). Our industry-leading retail properties and investments across North America, Europe and Asia provide shopping experiences for millions of consumers every day and generate billions in annual retail sales. For more information, visit www.simon.com.
About Whitman Family Development, LLC
Whitman Family Development is a family-owned, diversified real estate development, management, and leasing company specializing in retail and headquartered in Miami Beach, Florida. Among other interests, Whitman Family Development is the developer, owner and operator of the acclaimed Bal Harbour Shops, ranked the world’s #1 shopping center by the International Council of Shopping Centers, and is the co-developer of the retail components of Miami’s Brickell City Centre.
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