Simon Property Group, the largest mall operator in the United States, has joined the team developing Brickell City Centre in downtown Miami.
The $1.05 billion project, which is scheduled to finish construction by the end of 2015, includes a high-end mall, office space, two residential towers and a hotel. But so far only Saks Fifth Avenue and the luxury movie theater company Cinemex have inked deals to take up space in the shopping center.
Swire Properties, the project’s primary partner, is developing the mixed-use component. Whitman Family Development, which owns the Bal Harbor Shops, is a co-developer on the shopping center, and will now be joined by Simon.
“We look forward to working with Swire Properties and the Whitman Family to bring a unique and highly desired shopping center to the Brickell community and urban Miami,” said Richard Sokolov, Simon’s president and COO, in a statement. “We have already seen strong interest from retailers who have enjoyed great success with us around the country and who are very excited to join us at Brickell City Centre.”
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Simon owns more than 280 malls across the United States and also has locations in Japan, South, Korea, Canada, Mexico and Malaysia.