Brickell City Centre's mall has been sold to Simon Property Group for over $500 million, adding to their extensive investments in retail. The property contains about 500,000 square feet of luxury retail and dining, featuring well-known brands like Saks Fifth Avenue and Apple. Despite concerns over the future of malls in America, Simon is doubling down on retail real estate, highlighting their belief in shopping centers as community hubs that drive significant economic activity.
Since its completion in 2016, Brickell City Centre has been a cornerstone of Brickell's rapid transformation, offering an array of luxury shops and fine dining.
Simon Property Group's recent acquisition of Brickell City Centre demonstrates their commitment to retail investments, despite industry narratives about the decline of traditional malls.
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