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It wasn’t that long ago—2008 to be exact—that Macy’s was sitting on the fence about making a long-term commitment to Downtown Miami. Wal-Mart passed over a bayfront site near the Adrienne Arsht Center for the Performing Arts that same year. And a flood of high-rise condo development (along with about two million square feet of soon-to-arrive office space) led many to predict the urban core would become a class A ghost town.

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