Posted February 19th, 2015 in Blog by Rick Hill

Miami, the third largest luxury market in the United States, was once one hundred percent controlled by the Whitman family, owners of the Bal Harbour Shops. For years, the 500,000 square-foot Bal Harbour Shops, located north of Miami Beach on Highway A1A near 5-star hotels and high-rise luxury condos, restricted its luxury retailers from opening second stores in the market.The restriction was justified by the development’s position as the highest producing mall in the United States, with sales reportedly topping $2,900+ per square foot. In recent years, however, the world’s leading brands have begun an exodus to other locations, especially to the new Miami Design District development.
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