The Decline of Traditional Malls in the South Florida Real Estate Market poses as an Opportunity for Mixed-Use developments

The South Florida real estate market is no stranger to transformation, but two of its retail landmarks, Miami International Mall and Pembroke Lakes Mall, are facing uncertain futures. Owned by Simon Property Group and Brookfield Asset Management, these malls are struggling with declining foot traffic, rising vacancies, and looming nine-figure loans set to mature. With traditional retail struggling to keep pace with modern consumer preferences, redevelopment may be the key to ensuring these properties remain valuable assets in the evolving Real Estate Market.
The Current State of Miami International Mall and Pembroke Lakes Mall
Located in Doral, Miami International Mall spans 303,000 square feet and serves as the centerpiece of a 96-acre property,…
411 Views, 0 Comments