MIAMI—A bit of Asia is coming to Miami – at least in terms of retail real estate development trends.
The announcement by Miami-based Swire Properties Inc. and Whitman Family Development that Saks Fifth Avenue will be the sole retail anchor at their $1 billion Brickell City Centre, certainly is a testament to the growing need for luxury retail in this gateway city.
“In keeping with our strategy to take Saks Fifth Avenue to the single most fashionable and global shopping destination, we want to cater directly to our international clientele from this location. Brickell City Centre will provide access to the North and South American sophisticated and selective consumer in the internationally flavored Brickell neighborhood,” said Marigay McKee, president of Saks Fifth Avenue in the announcement. The store will open in fall 2016.
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