Electra America, its US-affiliate, American Landmark and the Miami-based development firm BH Group have unveiled preliminary plans for the redevelopment of the Southland Mall in Cutler Bay, located approximately 20 miles south of downtown Miami. The 80-acre, $1 billion redevelopment, which its backers say will be one of the largest projects of its kind in the Southeast, will be called Southplace City Center.

It will feature more than 4,000 residential units, over 500,000 square feet of retail with an additional 150,000 square feet of prime retail space and outparcels for food and beverage operators. There will also be a 150-key hotel and 60,000 square feet of medical office space. The phased project will be a self-contained community with abundant green space, bike and golf cart trails, walking trails, a trolley system and access to the soon-to-open Miami-Dade SMART Plan mass transit route. 

The total project, to be completed over a seven-year time frame, is expected to generate $44 million in property taxes ad valorem revenue in the first five years and up to $491 million over a 20-year period. The developer's plan is in accordance with the Town's code and will not be seeking any special approvals.