Macy’s, Inc. (NYSE:M) today announced an agreement for Macy’s and Bloomingdale’s stores to anchor the new Mall at Miami Worldcenter to be built in downtown Miami. Current plans call for the stores to open in fall 2016.
Miami Worldcenter, a major mixed-use project with retail, hotel, residential and convention space, is being planned by The Forbes Company and Taubman Centers, Inc. The development is ideally located to attract both resident and tourist customers, with easy access to interstate highways and rail, museums, The Adrienne Arsht Center for the Performing Arts, American Airlines Arena and the Port of Miami cruise ship terminals.
The Macy’s and Bloomingdale’s stores – each on three levels – will anchor the north and south ends of the retail mall, respectively.
Macy’sMacy’s will occupy a 195,000-square-foot store in the Mall at Miami Worldcenter with a full range of apparel and accessories for women, men and children, as well as housewares, home textiles, luggage, furniture and mattresses. Macy’s currently operates 27 stores in the Miami-Palm Beach market. “Miami is a vibrant marketplace, and Macy’s is well-known to customers who are year-round and seasonal residents, as well as to visitors who come from around the world to enjoy south Florida’s weather, cultural, sports, entertainment and culinary attractions,” said Peter Sachse, Macy’s chief stores officer. “Miami Worldcenter promises to be a world-class attraction, and we look forward to enhancing our ability to serve customers with a tailored merchandise assortment and shopping experience that meets the needs of south Florida shoppers.” Bloomingdale’s Bloomingdale’s in the Mall at Miami Worldcenter will be 120,000 square feet, and include a specially edited assortment of fashion apparel, accessories, shoes, cosmetics and fragrances, and home goods. Bloomingdale’s currently operates four full-line stores and two Bloomingdale’s Outlet stores in the Miami-Palm Beach market.