Its literally a piece of my childhood. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing. The property tax for Southland Mall - 20507 South Dixie Hwy in 2022 was $94,936. In June 2020, Wells Fargo filed a foreclosure lawsuit against Southland Mall Properties for. 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. Subscribe to our free newsletter. We have had some interest in other uses which include a hospital. [2], Most of Southland was developed in the early 1960s. BH has extensive experience in taking a project from acquisition through opening; specifically overseeing all phases of development and asset management. 6796 SW 62nd AvenueSouth Miami, Florida 33143(305)669-7030, Miami Community Newspaper Sponsored Content, Latin Builders Association Community News. Find property characteristics, ownership, tenant details, local market insights and more. [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. Look at Minneapolis. (305) 232-3737. How is this good news? //--> Spencer's (305) 234-5471. Already have an account? There are thoughtful professional DOT blueprints, proposals and discussions easily available on the web for those interested in this critical topic. Your article was successfully shared with the contacts you provided. 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. This. The property last traded for $46 million in 2004. The population in the state of Minnesota is about five 5.8 million people. With three groups, ranging from little ones to teenagers, they entertained the crowd with their routine. It now has nearly 100 tenants, including anchors Macy's, JCPenney, TJ Maxx and Ross. 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.. 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. It was developed in 1959.. "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.". 2022 CBS Broadcasting Inc. All Rights Reserved. Transit-Oriented Development? Steve & Barry's closed in late 2008. 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. It was built in 1966, becoming the first enclosed mall in the Mid-South. The original shopping center opened in 1960, anchored by Food Fair (Pantry Pride) and Richard's, which later became Burdines. Not at the federal level (most important) and surely not at the county level. 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. In my opinion, this BRT route should be tri-rail style commuter rail. google_ad_format = "125x125_as"; It was announced on Mar. Electra America and BH Group paid just over $100 million for the property. A 60-foot battery electric articulated bus with electric traction motors with 150% better performance and no vibration. How? The store closed on February 14, 2020.[13]. 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 late 2024. At zip code level, there are 11 commercial properties, of which 9 Southland Mall features JCPenney and Macy's as its anchor stores. In 1998, Old Navy opened next to Sears. The total project, to be completed over a seven-year time frame, is expected to create approximately 2,700 new jobs and generate $44 million in property taxes ad valorem revenue in the first five years ($6.1 million to Cutler Bay), and up to $491 million ($75.2 million to Cutler Bay) over a 20-year period. google_ad_width = 125; See the list", Miami International University of Art & Design, Adrienne Arsht Center for the Performing Arts, Phillip and Patricia Frost Museum of Science, Seminole Hard Rock Hotel & Casino Hollywood, Fort LauderdaleHollywood International Airport, https://en.wikipedia.org/w/index.php?title=Southland_Mall_(Miami)&oldid=1128442379, Shopping malls in Miami-Dade County, Florida, Short description is different from Wikidata, Infobox mapframe without OSM relation ID on Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 20 December 2022, at 04:24. A talent show hosted by Power 99 deejay Freddy Hydro narrowed eight contestants down to the top three, and awarded the first-place winner, Aujawa Washington, 14, with studio time from Power 99. Click any thumbnail image to view a slideshow, Cutler Bay Town Hall However, the list below shows better . Harbor Group International was the buyer. Off board fare collection. The mall had been owned by a subsidiary of Investcorp, a global firm with headquarters in Bahrain and $35B in assets under. The landmark property, co-owned by Investcorp and Gumberg Asset Management Corp., had been having financial difficulties for years. 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. Yeah in about another 10 years. The new owners will also remodel the existing mall. 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. I did too. Promote your business to the localized audience you want to reach with Miami's Community Newspapers. May 3, 2022 / 11:15 PM 2023 CBS Broadcasting Inc. All Rights Reserved. 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. Wd dont want anh more peopke and traffic. Metrorail is never coming that far south. Our zoning is very favorable to development which can include high density mixed use type of development. After buying the property in 2015, the city prepared it for purchase by making repairs, removing asbestos, and . We're not asking for your money. Again guys THERES NO MONEY FOR A METRORAIL EXPANSION. It's already hard to afford.". "Southland Mall has experienced a rebirth since Mr. Belk purchased the mall in 2004," said Michael Rixter, general manager of the mall. A Kmart store closed in 2017 and a Sears closed in early 2020. 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 Retail building was completed in 1981 and features a total of 146,658 SF. Mall walker Veronica Terry donated to HOPE Foundation, founded by Mother Wit, to help children infected with HIV. A county-wide transit assessment emphasized utter necessity for metro rail extension with Southland mall as a metro rail and other transit hub. Metrorail doesnt go offer routes feasible for people going to and from Coral Gables. The center is located off Interstate 880 at Winton Avenue, at the western end of the city. Instead, former Mi Dade county mayor brokered sweetheart deals with buses. In 2004, Southland Mall Properties paid $46 million for the retail site, according to records. Read more about this topic: Southland Mall (Hayward, California), The visual is sorely undervalued in modern scholarship. 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. Mobile Access Management: Finding a Home in Commercial Facilities. Thats what the half-cent sales tax raise was for, and it sunsets for that cause in two years. Fax:(305) 234-4251. Others have shifted their presence to focus on ecommerce. The Whitehaven mainstay was bought in a March 31 substitute trustee . Investcorp's $65M commercial mortgage-backed securities loan, issued in 2014, went into special servicing in April 2020. AURORA, Colo. ( KDVR) Four people, including a minor, were arrested Sunday night following a shooting at the Southlands shopping mall and a police chase. "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. 23000 Eureka Road, Taylor, MI 48180 Leila Batista agreed, saying, "It concerns me about the property value in the area because it's already going up. 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. 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.. Generating an unprecedented response from a broad range of local, national, and international buyers. The Broward Mall has a new owner after a lender acquired the retail property for $43 million in a foreclosure auction. Level boarding. At zip code level, there are 11 commercial properties, of which 9 are retail buildings over 50,000 square feet. The development team acquired the mall and adjacent parcels totaling 80 acres in May of this year. "Southland Mall has the lowest crime rate compared to the other malls in Memphis, according to the Memphis Police Department. Language links are at the top of the page across from the title. are retail buildings over 50,000 square feet. We will have to wait and see who buys the note before we have a more clear idea of where they want to go..
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