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. It will go from Homestead to Dadeland station. How? How is this good news? With three groups, ranging from little ones to teenagers, they entertained the crowd with their routine. What a bunch of satanic Liars and hypocrites. Thats what youre advocating to pay for this huge undertaking. Southland Mall Management Office (305) 235-8880 ext. www .southlandmallmemphis .com. google_ad_height = 125; The city of Southfield has sold the historic Northland Center. May 3, 2022 / 11:15 PM Southland Mall was dedicated in 1964, added to the previously existing Sears. The new owners will also remodel the existing mall. 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. *May exclude premium content The partners paid $100.35 million to purchase the 808,776-square-foot mall located on approximately 80 acres of land. Southland Center is the only regional mall in the Detroit suburbs south of I-94, near the I-75,. 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,. The Southland Mall in Miami opens at 10 am Monday to Saturday and closes by 8 pm but has different opening and closing times on Sunday. Nobody is saying it should be free. 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. Barry Sternlicht's Starwood Capital Group sold Westland Mall in Hialeah to a Dallas-based retail real estate firm. Metromover doesnt cut it. Southland closed in 1985 and underwent an extensive remodel that left it unrecognizable, reopening as an indoor mall with a new name: Promenade. The name Southland, the mall is located in Southern Alameda County. 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. Ive been to Washington DC & stayed in a air b&b in a location with mixed stores & apartments & condos/ townhouses. "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 future of this site is one that our residents deeply care about, expressed Town of Cutler Bay Mayor Tim Meerbott. Fun Minneapolis facts: Just forget it. Unlock data on CommercialEdge. Plans are being developed for beautiful residential spaces on excess land. The privileged elite in the Northeast corridor of the county may say it, however. It is managed and owned by Namdar Realty Group. On November 7, 2019, it was announced that Sears would be closing this location a part of a plan to close 96 stores nationwide. https://streets.mn/2022/05/06/minneapolis-rents-drop/. 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. 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.. [2], Most of Southland was developed in the early 1960s. Home | Southland Mall All Rights Reserved. There are 2 retail spaces for lease in the Cutler Bay city, totaling 6,000 SF of available retail space. Try legalizing Recreational Cannabiz and tax it. 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. Apparently many commentators here are unaware of Miamis current public transportation crisis that is set to become a complete catastrophe in the near future. Rixter did not want to comment on the new buyer, and Cayre was not immediately available for comment. Southland Mall, at 20503 S. Dixie Highway, totals 976,889 square feet. More Details. American Landmark is committed to delivering great service and outstanding living environments to residents and delivering consistent, attractive risk-adjusted returns to investors and partners. 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. Minneapolis gained 50k people in the past decade and all neighborhoods in Minneapolis continue to increase in population. In 1950, Minneapolis was the 17th largest city in the US; now its fallen to the 46th largest city in the US. 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. Southland Mall | Houma LA Downtown Miami Development Site Trades for $1.2B, EDEN, Dermot Plan Downtown Miami Luxury Apartment, ZOM Living Sells Mezzo Dallas Multifamily Development, Unlimited access to GlobeSt and other free ALM publications, Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications, 1 free article* every 30 days across the ALM subscription network, Exclusive discounts on ALM events and publications. A county-wide transit assessment emphasized utter necessity for metro rail extension with Southland mall as a metro rail and other transit hub. owners, building management, representatives from permits and tenants. Visit today! ", First published on May 3, 2022 / 11:15 PM. Mobile Access Management: Finding a Home in Commercial Facilities. Southland Mall is a shopping mall in Hayward, California owned and managed by Brookfield Properties.The mall is anchored by JCPenney, and Macy's (formerly Liberty House).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.The mall is primarily a single-level structure, with a small lower level beneath JCPenney, a . We need additional data to finish your registration. Unlock in-depth property data and market insights by signing up to The peak population of Minneapolis was in 1950, when its population was 521,718. Harbor Group International was the buyer. "Southland Mall has the lowest crime rate compared to the other malls in Memphis, according to the Memphis Police Department. 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. Drunk with self-love, criticism has hugely overestimated the centrality of language to western culture. ;(. On Aug. 24, the Heart and Soul program showcased neo-soul, reggae singers and spoken-word poets. Subscribe to Bisnow's South Florida Newsletters. Download this white paper and dive into location intelligence data to see which 10 retail brands are dominating their local market and making a mark on their region -- and beyond. Hiw about just staying out of South Dade. Are you saying that Minneapolis real estate is affordable because people have been leaving the city for decades? 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. Why hasnt he made it a priority to get federal funds down here for transportation? Its literally a piece of my childhood. 23000 Eureka Road, Taylor, MI 48180 Truly the mall desperately needs renovation, & proposed plan would satisfy housing for many people. Minnesota is the Land of 10,000 lakes. In 1961, a strip plaza known as Palma Ceia (Portuguese for "Palm Supper") was completed, which contained a Lucky's, Thrifty Drug Store (now a Rite Aid), and other smaller stores. CommercialEdge. 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). *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. A Kmart store closed in 2017 and a Sears closed in early 2020. are retail buildings over 50,000 square feet. The mall also features a movie theater, LA Fitness, DSW Shoe Warehouse, Victoria's Secret, Old Navy, TJ Maxx, Buffalo Wild Wings, and Ulta. Southroads, ironically, took the opposite. "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.". The CMBS trust. "Thanks to all of those who participated. 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. 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 Language links are at the top of the page across from the title. 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. Your article was successfully shared with the contacts you provided. There is a shortage of housing units in Miami-Dade at all tiers. Find property characteristics, ownership, tenant details, local market insights and more. List your spaces with ease and generate only verified leads with CommercialEdge Marketing. Were delighted to work with the Town of Cutler Bay and its residents to breathe new life into a property that has been underutilized for decades, and in so doing, create thousands of new jobs, as well as help alleviate the housing crunch facing many Miami-Dade residents today, said Ron Gaither, Chief Development Officer of Electra America. (305) 232-3737. So there is no ridership.but WE NEED a $100 gazillion metrorail expansion. "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. A 60-foot battery electric articulated bus with electric traction motors with 150% better performance and no vibration. We want to take 15 seconds to tell you what's going on: Sound good? 2 that long-troubled Southland Mall had been sold to a team of two companies private equity investor Electra America and developer BH Group for $100.35 million.. 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. Campbell . The market value* for Southland Mall - 20507 South Dixie Hwy in 2022 was $5,283,774. Looking for more in-depth information on this property? In 2017, The Galleria at Pittsburgh Mills Mall sold for $100at auction in a similar credit bid situation. There would be a tax increase in some form to pay for it. 6796 SW 62nd AvenueSouth Miami, Florida 33143(305)669-7030, Miami Community Newspaper Sponsored Content, Latin Builders Association Community News. American Landmark Apartments is one of the fastest-growing multifamily owner-operators in the United States and ranks No. Just hit yes and continue on your way. 2023 Top Security Trends: User Experience and Convenience Are Driving More Effective Security for CRE. Miami got the sun, sand and the beach. Metrorail doesnt go offer routes feasible for people going to and from Coral Gables. The comparison would not make sense, because Miamis population has been increasing since then. Southland Mall, originally known as Cutler Ridge Mall, is a shopping mall in Cutler Bay (formerly Cutler Ridge), Florida. Southland Mall Dental, P.A. At zip code level, there are 11 commercial properties, of which 9 are retail buildings over 50,000 square feet. 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. Steve & Barry's moved into the former The Good Guys! The appreciation ceremony concluded with Belk and family members releasing 40 balloons into the air to symbolize 40 years of history. Southland Mall features JCPenney and Macy's as its anchor stores. There are no extensions planned, and no funds for expansion. The property tax for Southland Mall - 20507 South Dixie Hwy in 2022 was $94,936. 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. This was literally purchased last week, I love how people think this is going to make Florida better. 220,115 square feet (20,449.4 m 2) No. The Cayre Group produces children's, juniors' and ladies' apparel, according to its Web site. The Heal the Hood Foundation performed their Wake up Tour with a positive message in each performance. It will be open next year. Phar-Mor was torn down for a Kmart. google_cpa_choice = "CAEQjMGkgwIQ0MCkgwIQlMCkgwIQ2L-kgwIQnL-kgwIQ4L6kgwIQpL6kgwIQ6L2kgwIQrL2kgwIQ8LykgwIQtLykgwIQ7Pa39gEQsPa39gEQ9PW39gEaCPGka20_VnAHKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEB"; 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. Period. And better is what town officials say they are working towards. Build the MetroRail This could help the housing situation. He said Florida not Miami. I just hate to see it go it was such a big part of my childhood and my cousins childhood. "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. Instead, former Mi Dade county mayor brokered sweetheart deals with buses. Mobile access control is not a fad. towards a paywall. The Broward Mall has a new owner after a lender acquired the retail property for $43 million in a foreclosure auction. Southland Mall - 20507 South Dixie Hwy was last sold on 16 May, 2022. The new owners are planning for a mixed-use redevelopment of the 80-acre site with commercial and residential components. It will be better. 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. 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. There was also a freestanding Sears. Minneapolis has been gaining population for the past 15 years. When Cutler Ridge Mall reopened the following year, none of the original Cutler Ridge Shopping Center (except Sears) remained standing. Strategically located in Houma, Southland Mall continues to be the established shopping destination. In June 2020, Wells Fargo filed a foreclosure lawsuit against Southland Mall Properties for. Lucky's closed its doors on August 2, 2008. The owner of Southland Mall, B.V. Belk Jr., opened the ceremony with a welcome and thank you to the tenants. After buying the property in 2015, the city prepared it for purchase by making repairs, removing asbestos, and . 510-266-6640. I can see the Sears going away but the rest of the mall should be updated with better stores. It has failed to see the electrifying sign language of images.Camille Paglia (b. Investcorp's $65M commercial mortgage-backed securities loan, issued in 2014, went into special servicing in April 2020. In addition, Robert Cayre signed as vice president for Southland Mall Shopping Center LLC. CommercialEdge. 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. The site incorporated a freestanding Sears location and a few other stores operating as the Palma Ceia Center (Palma Ceia being Portuguese for "Palm Supper", a reflection of the ethnic Portuguese heritage of Oakland and its newly developing suburbs) and a $20 million expansion program was announced in the fall of 1963, in which the facility would become an enclosed mall. Did everyone not reas the the article? You can kick the entire amount of people that live in Minnesota out of Florida and still Florida will have a population thats almost or probably is three times larger that Minnesota. "It's an embarrassment. 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. google_ad_width = 125; 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. The new, fully enclosed mall included a Woolworth and JCPenney. The mall also features a movie theater, LA Fitness, DSW Shoe Warehouse, Victoria's Secret, Old Navy, TJ Maxx, Buffalo Wild Wings, and Ulta. Success! Website. Read more about this topic: Southland Mall (Hayward, California), The visual is sorely undervalued in modern scholarship. Steve & Barry's closed in late 2008. Already have an account? Thats what the half-cent sales tax raise was for, and it sunsets for that cause in two years. 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. Investcorp engaged Gumberg Asset Management Corp in Fort Lauderdale to handle the day-to-day management and leasing of Southland Mall.[11]. Hopefully at least some new asphalt and some really spiffy 21 st. century benches. Nine bays . 10720 Caribbean Boulevard 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. Ground Level, near Dick's Sporting Goods. CommercialEdge: Southland Mall - 20507 South Dixie Hwy was built in 1981. Southland Mall at 1215 E. Shelby Drive has sold for $20 million to a New York-based investor. google_ad_height = 125; The mall last August celebrated its 40th anniversary with a week-long celebration. It could work at Southland mall. Details: Southland Mall, Memphis' first enclosed mall when it opened 50 years ago, has sold for $4.3 million in foreclosure. 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. The center is located off Interstate 880 at Winton Avenue, at the western end of the city. In 1995, a new Mervyns store opened, replacing Joseph Magnins, an earlier Southland store. There are thoughtful professional DOT blueprints, proposals and discussions easily available on the web for those interested in this critical topic. [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. Access researched data with nationwide coverage on They are construction BRT which is comparable to the metro rail. Cutler Bay, FL 33189, Phone:(305) 234-4262 It acquired the license for Mudd apparel in 2000 and Buster Brown in 2003. Use the form below to reset your password. 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. Southland Mall features JCPenney and Macy's as its anchor stores. At zip code level, there are 11 commercial properties, of which 9 Source: The Daily News Online & Chandler Reports, http://www.memphisdailynews.com/Editorial/StoryDaily.aspx?story=digest&date=2/16/2007,