Big Box Retailers To Anchor Miami's Urban Core
6 February 2006 - 5:00am
The focal point in Miami's urban revitalization will include at least six large retailers.
"After years of speculation, the Shops at Midtown Miami has finally inked deals with at least six big-box retailers to anchor the project viewed as a focal point in Miami's urban revitalization...n addition to the shopping center, the 56-acre Midtown Miami project also includes a mixed-use residential and office development of about 3,000 condos, offices and other types of retail space...The other major change involves a complete redesign of the south block, which was originally intended as space for one giant retailer. Wal-Mart had wanted the space for a supercenter, but city officials killed that deal."
Full Story:
Big-box retailers to set shop in urban Miami
Source:
The Miami Herald, February 5, 2006
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The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
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