Struggling Luxury Malls

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

1 minute read

April 18, 2003, 10:00 AM PDT

By Chris Steins @planetizen

"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."

Thanks to Laura Kranz

FULL STORY: Miami Luxury Mall Struggles

Thursday, April 17, 2003 in National Real Estate Investor

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