MIAMI-Although a competitor won’t open its portals until September 2002, Bal Harbour Shops, a high-end boutique emporium at Collins Avenue and NE 96th Street in suburban Bal Harbour, FL, is reminding tenants their leases prohibit them from opening a store at a competing retail location that is at least within a 25-mile radius.

Even though its reported store sales average $1,200 per sf, Bal Harbour Shops officials are closely monitoring the construction and leasing progress of Rouse Co.’s $200 million, 850,000-sf Village of Merrick Park at LeJeune Road and San Lorenzo Avenue in Coral Gables, FL, 16 miles southwest of Bal Harbour. The Rouse project is scheduled to open in September 2002.

The reason for Bal Harbour Shops’ close scrutiny of its tenants’ plans and of the Coral Gables center is that Rouse has announced Neiman-Marcus and Nordstrom have been signed as tenants. Village of Merrick Park will have 90 specialty stores, 110,000 sf of class-A office, 120 apartments and 3,390 parking spaces.

Bal Harbour Shops officials are aware the Rouse project not only has the location of exclusive Coral Gables, but is accessible from the Metrorail to attract downtown shoppers, tourists and suburban residents. Officials at Bal Harbour Shops and the Rouse Co. couldn’t be reached for comment.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.