An aerial of Bal Harbour Shops, Bal Harbour,FL
MIAMI—The planned expansion of the Bal Harbour Shops has beenseeded with what is believed to be one of the largest constructionloans ever to close in Miami.
The ownership secured $550 million in financing to develop anadditional 300,000 square feet at the iconic 463,114-square-footluxury shopping center. The expansion will include a57,414-square-foot space to be occupied by Barneys New York, whichwill be Barneys' only flagship store in the southeastern UnitedStates. The open-air, fully leased global, luxury shoppingdestination is anchored by Saks Fifth Avenue and Neiman Marcusalong Miami Beach in Bal Harbour, FL.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
