Brick & Mortar Retail Project Fuels What’s Rumored To Be Miami’s Next Hot Neighborhood
Miami’s next hot neighborhood for redevelopment is quietly getting the attention of retailers such as Publix Super Markets, Burlington Coat Factory, TJ Maxx, West Marine, Ross Dress For Less, AT&T, Hobby Lobby and others.
Known as the Health District west of downtown Miami, the area is one of the largest employment hubs in Florida. But despite that captive audience, the district has been a retail desert for decades.
River Landing Shops & Residences has become a catalyst for change.
The 2-million-square-foot development along the scenic Miami River is the first large-scale retail project to enter the neighborhood, which benefits from its proximity to downtown Miami and access to major thoroughfares.
Since River Landing began to go vertical a few months ago, the 8.4-acre development has helped attract real estate investors and developers to the area to capitalize on the trend among millennials who like to work, live and shop in the same neighborhood. The renewed interest for the long-neglected Health District is boosting land values and injecting new life into the historic Allapattah neighborhood.
River Landing, which will also includes 508 market-rate apartments, is the largest retail project now under construction in Miami, one of the nation’s hottest retail markets.
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