Struggling Luxury Malls

18 April 2003 - 10:00am

The contrasting success of the Merrick Park and Bal Harbour luxury malls in Miami's surburbs are a reminder of the importance of neighborhoods.

"Merrick Park has significant handicaps, says Fick, including its location, the economic fallout from 9/11, which happened during construction, and a significant downturn in Miami-Dade County tourism. The mall's site near several auto body shops, a public high school and a rapid transit line isn't befitting a development of its stature, says Fick. To make up for this deficit, it was built 'like a castle.' Its architecture faces inward, away from the surrounding neighborhood, Fick explains."

Source: National Real Estate Investor, April 17, 2003
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As it has done for other professions, Australia still looks overseas to help fill the gap. Planning continues as a "priority profession" on the immigration scorecard.