MIAMI—They hard to tear it down before they could build it up.Principal Real Estate Investors, owner of MillerSquare Shopping Center, partnered with CREC andSchiff Properties to create new space for aground-up development that will become the new home to a Ross storein Miami's West Kendall submarket.

The Miller Square team demolished an under-utilized section ofthe retail center to make room for a new30,000-square-foot Ross. CREC believes the project will drive moreshoppers to the retail complex.

“By demolishing more than 21,000 square feet of underperformingspace at Miller Square and constructing a Ross, we are in aposition to draw more retail brands that will add tremendous valueto the center and attract more shoppers,” says StevenHenenfeld, CREC's co-director of retail leasing. “Seeingthe opportunity to maximize revenue potential, our team negotiatedrelocation and termination agreements with smaller tenants in orderto redesign the retail space to draw larger tenants.”