Miami May Soon Host America’s Largest Mall
March 16, 2015
While malls across the nation are shuttering, Miami is bucking the trend not only by building a new mall to join its still-vibrant collection – but by promising to make it the biggest in the nation!
As the Wall Street Journal reports, the proposed development will be a big deal:
The project, called American Dream Miami, was unveiled last week by Edmonton, Alberta-based Triple Five Group, which also owns Minnesota’s Mall of America.
At 4.2 million square feet and 520 stores, the Mall of America is considered the nation’s largest shopping destination. But in a statement last week, Triple Five said its Florida project “will exceed our other world famous projects in all respects.”
Executives at Triple Five declined to comment, but Miami-Dade County’s mayor said the project would cost about $4 billion. In addition to the retail space, the mall would include a ski slope, a water park, a sea-lion show, miniature golf, bowling, a submarine ride, restaurants, a performing-arts theater, a cinema, a Ferris wheel, an ice rink and a roller-coaster ride as well as hotels and condominiums.
The development would be built in an unincorporated part of the county, northwest of the city center.
American Dream Miami represents a break from the conventional mall by combining so many different types of recreational and lifestyle spaces. This represents a radical new model that is well suited to an innovative and vibrant place like Miami.
This development speaks not only to the dynamism of the city’s business and creative culture, but to the simple fact that it is booming like few other cities in the country: downtown Miami alone has doubled in population over the past decade-and-a-half, and the county already has close to 3 million residents.
Along with the likes of Aventura Mall (one of the biggest in the country), the luxurious Bal Harbour Shops, and the world-renowned Lincoln Road, American Dream Miami will solidify the Magic City’s reputation for bold real estate and unbridled commercial power.
Projects like this make Miami Beach Luxury Real Estate more alluring than ever. For more information on the amazing Miami Homes that put you in close proximity to all this excitement, contact Matt Crane at 305.203.0000 or Matt@MattCraneMiami.com.
