Friday, January 15, 2016

Miami Worldcenter News

Miami Worldcenter changing direction.

Miami WorldCenter’s anchors: Macy’s and Bloomingdale's may not be included in the redesigned retail shopping center. The main attraction of the upcoming Paramount Miami Condominiums is
apparently changing direction.

Close to breaking ground on the project, plans for the large mall with both anchors have been modified by the Miami WorldCenter developers, who mention new necessities and tendencies in the Miami market.

Not only will Macy’s and Bloomingdale presence in a large mall be scrapped, the whole square footage of the shopping area will be rethought.  

 Walking streets concept, with retail stores lining pedestrian venues, are now prevailing. Will Macy’s and Bloomingdale stores survive to this new remake, is anybody’s  guess.  

The main difficulty is the estimated size of the department stores, as much or more than 300,000 sq ft

The main competition, setting apart Lincoln Road, is for now the Bal Harbour shops expansion, the Miami Lakes proposed gigantic new Mall,  the new pedestrian areas in the Miami Design district, Midtown, and Wynwood, and the upcoming Brickell City Centre. 

The final decision must be made very soon, say the developer’s planners. Either moving ahead with the projected mall, or reshaping the project to street retail areas alongside its 27 acres lining NE 10th Street up to NE 7th Street, between 1st and 2nd Ave. This area is populated by numerous luxury residential buildings, hotels, and other commercial and entertainments spots.

The developers explain their decision by the change in the market and the demand of many retailers about stores along their Seven Street, which could evolve in a new sort of Lincoln Road.
The project completion date at the fall 2018 can be possibly be maintained, even though ground breaking would be now delayed and new plans should be approved by the city.

The Paramount Miami World Center Condominium  has already started construction.  Two apartment buildings on NE 7th Street have also been approved by the City of Miami. 

Not far from Miami World Center, the luxury LUMA  429 units apartments building will be located on NE 2nd Ave. 

A Marriot Marquis  Hotel with 1800 rooms, is also planned on NE 7th St at North Miami Avenue. 

For more information or reservations at

Paramount Miami World Center

please call:

Henry B. Nathan

United Realty Group

(800) 416-2747

(954) 296-6741 


or visit my websites: 

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