The owner of Southland Mall, B.V. Belk Jr., opened the ceremony with a welcome and thank you to the tenants. "I love to assist children in need," Terry said. Its really easy to research. Southland Mall sells for $20 million - Action News 5 The property tax for Southland Mall - 20507 South Dixie Hwy in 2022 was $94,936. The peak population of Minneapolis was in 1950, when its population was 521,718. There are 2 retail spaces for lease in the Cutler Bay city, totaling 6,000 SF of available retail space. 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. The name Southland, the mall is located in Southern Alameda County. Southland Mall, Macy's under contract to developer There is a shortage of housing units in Miami-Dade at all tiers. 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. 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. Details: Southland Mall, Memphis' first enclosed mall when it opened 50 years ago, has sold for $4.3 million in foreclosure. A Kmart store closed in 2017 and a Sears closed in early 2020. The new owners will also remodel the existing mall. Try legalizing Recreational Cannabiz and tax it. 2023 Miami's Community Newspapers a Miller Publishing Company. It will be better. It's a community in itself.". 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. The Retail building was completed in 1981 and features a total of 146,658 SF. MEMPHIS, Tenn. Project developments at Southland Mall have moved off the drawing board and toward reality with a storage facility set to open in July in the space formally occupied by Sears.. It was announced on Mar. www.dropbox.com/sh/hfjb3syv30f23j6/AACZhJB8vv0SA4Mcbsb78d5za?dl=0&preview=Cutler+Bay+Town+Center+2019.mp4. In 1995, a new Mervyns store opened, replacing Joseph Magnins, an earlier . Southland Mall Pics - Remembering the Marketplace of the Midsouth [2], Most of Southland was developed in the early 1960s. More Details. JC Penney at Southland Mall in Cutler Bay, Florida, south of Miami. Jeremy Larkin, co-chairman of commercial brokerage NAI Miami, who wasn't involved in the deal, told the Miami Heraldthat the mall has redevelopment potential considering the population in Cutler Bay has grown 15% over the past decade. Even in 2018 dollars, that would be approx $1.74 billion to extend Metrorail from Dadeland South to Southland Mall, figure over $2 billion today and far more in a few more years. Isnt it like any other public service tho? 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 . The reinvention of the Southland Mall into Southplace City Center, a vibrant, mixed-use transit-oriented community with live-work-play options, promises much-needed relief for a city suffering from a major housing shortage, MIAMI (September 20, 2022) Electra America, a real estate private equity firm focused on value-add and opportunistic investment in the Sun Belt region of the U.S., along with its U.S.-affiliate, American Landmark, and BH Group, a Miami-based private real estate investment and development firm, today unveiled preliminary plans for the redevelopment and reinvention of the Southland Mall in Cutler Bay, located approximately 20 miles south of downtown Miami. It's already hard to afford.". AC. 50 old mall stores you probably haven't seen for years (at least not Southland Mall, Cutler Bay, FL 33189 - Retail Space. Jordan Marsh became an auxiliary Burdines store for a short time, but after the mall was damaged by the hurricane, Burdines consolidated to the former Jordan Marsh. Enter your email below. Upcoming regulations in the European Union require us to show this pop-up and ask you to agree to keep using Bisnow.com. Nah, market rate is what we need. It is managed and owned by Namdar Realty Group. 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. If residents along that corridor will ride the upcoming BRT system in sufficient numbers, they can make a case for extending Metrorail. There was also a freestanding Sears. Southland Mall was dedicated in 1964, added to the previously existing Sears. It was built in 1966, becoming the first enclosed mall in the Mid-South. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing. Thats what the half-cent sales tax raise was for, and it sunsets for that cause in two years. Downtown Memphis Blog Looking for more in-depth information on this property? Language links are at the top of the page across from the title. Pantry Pride became a Phar-Mor. A daily roundup of headlines is sent, no spam ever. Harbor Group International was the buyer. Southland Mall at 1215 E. Shelby Drive has sold for $20 million to a New York-based investor. This property is off-market. Southland Mall features JCPenney and Macy's as its anchor stores. Mall walker Veronica Terry donated to HOPE Foundation, founded by Mother Wit, to help children infected with HIV. no different just a fancier bus stop; or fancier place for homeless population to sleep in. With an endowment from The Azarius Fund? Business today is about data: generating it, identifying it, culling it, collating it, analyzing it and monetizing it. Did I say we should copy Minnesota housing? "So, we develop a division which would be amenable with our town a mix-used environment that will bring all the things that we can use restaurants, entertainment, jobs something that's very vital in every community," added Meerbott. Southland Mall - 20507 South Dixie Hwy is located at 20507 South Dixie Hwy in the Cutler Ridge Center neighborhood, Cutler Bay, FL, 33189. In 2002, management of the mall was assigned to T/S Development of Miami, Florida, which changed the name of the mall in November 2003 to Southland Mall. 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.