MIAMI, Aug. 21, 2014 /PRNewswire/ -- Swire
Properties Inc, one of South
Florida's leading international developers of urban real
estate, and Whitman Family Development, developers of Bal
Harbour Shops, today announced an agreement with Hudson's Bay Company for leading luxury
retailer Saks Fifth Avenue to open a department store in Brickell
City Centre. The retailer, due to open fall 2016, is the lead
tenant and will occupy three floors with street level access taking
107,000 square-feet of the 565,000 square-foot shopping center.
"Miami is a gateway for the
international consumer and we know this buyer, understand their
lifestyle and their demand for quality and luxury. We envision
Brickell City Centre as the nexus of Miami's cosmopolitan lifestyle and booming
economic growth, and want to work with brands that are leaders in
the luxury market," said Stephen
Owens, president of Swire Properties. "Saks Fifth Avenue is
a world-class retailer and a perfect department store for Brickell
City Centre."
Brickell City Centre is set to bring urban living to the
Brickell neighborhood, a bustling business epicenter which attracts
both the high net worth resident and an international
clientele. Brickell City Centre is a landmark $1.05 billion mixed‐use development of 5.4
million square feet including office, residential, hotel, retail
and entertainment space, and underground parking, currently under
construction. The project will span 9.1 acres along South Miami
Avenue between Sixth and Eighth Street in the Brickell district of
Downtown Miami.
"Bal Harbour Shops has a long and storied relationship with Saks
Fifth Avenue. Saks caters to their clients by creating innovative
shopping experiences that fuse contemporary culture and high
fashion," said Matthew Whitman
Lazenby, president and chief executive officer of Whitman
Family Development. "Saks's continued growth in Miami is evidence of the continued demand for
luxury retail in this market, and it is clear they are a powerhouse
in that segment and will offer Brickell an incredible selection of
the world's foremost fashion brands."
Marigay McKee, president of Saks
Fifth Avenue says, "In keeping with our strategy to take Saks Fifth
Avenue to the single most fashionable and global shopping
destination, we want to cater directly to our international
clientele from this location. Brickell City Centre will provide
access to the North and South American sophisticated and selective
consumer in the internationally–flavored Brickell
neighborhood."
About Swire Properties
Swire Properties Inc, headquartered in Miami since 1979, is one of South Florida's leading international
developers of urban office, hotel and condominium properties. Known
for its $1 billion master‐planned
development of the island of Brickell
Key in downtown Miami,
Swire continues to shape the Miami
skyline with its latest project, Brickell City Centre, a landmark
$1.05 billion mixed‐use complex
comprising a gross floor area of 5.4 million gross square feet,
including an underground carpark and 2.9 million square feet of
office, residential, hotel, retail and entertainment space. The
Company is a wholly-owned subsidiary of the publicly-listed Swire
Properties Limited based in Hong
Kong. For more information, visit
www.swireproperties.us.
About Brickell City Centre
Brickell City Centre is a $1.05
billion mixed-use development in Miami and an iconic representation of the
impact Swire Properties Inc has on the city. Strategically and
conveniently located in the center of the Brickell financial
district, the 5.4 million square-foot development, including an
underground carpark, will span 9.1 acres and include 565,000 square
feet of shopping and entertainment, two residential towers,
263-room hotel with 89 serviced apartments, a wellness center and
Class-A offices. The project is LEED®-registered for Neighborhood
Development – currently one of the largest in the U.S.
Sustainability elements include the exclusive CLIMATE RIBBON™, an
elevated trellis composed of steel, fabric and a continuous surface
of glass that will connect all components of the development and
create a comfortable microclimate for shoppers. As the largest
private-sector project currently under construction in Miami, Brickell City Centre began vertical
construction in 2013 and the first phase of construction is
scheduled to begin completion at the end of 2015. A second
phase of construction will begin in 2016. More information is
available at http://brickellcitycentre.com
ABOUT WHITMAN FAMILY DEVELOPMENT, LLC
Whitman Family Development is a family-owned, diversified real
estate development, management, and leasing company specializing in
retail and headquartered in Miami Beach,
Florida. Among other interests, Whitman Family Development
is the developer, owner and operator of the acclaimed Bal Harbour
Shops, ranked the world's #1 shopping center by the International
Council of Shopping Centers, and is the co-developer of the retail
components of Miami's Brickell
City Centre.
ABOUT HUDSON'S BAY
COMPANY
Hudson's Bay Company, founded
in 1670, is North America's
longest continually operated company. Today, HBC offers customers a
range of retailing categories and shopping experiences primarily in
the United States and Canada. Our leading banners - Hudson's Bay,
Lord & Taylor, Saks Fifth Avenue and Saks Fifth Avenue OFF 5TH
- offer a compelling assortment of apparel, accessories, shoes,
beauty and home merchandise. Hudson's Bay
is Canada's most prominent
department store with 90 full-line locations, one outlet store and
thebay.com. Lord & Taylor operates 49 full-line locations
primarily in the northeastern and mid-Atlantic U.S., four Lord
& Taylor outlet locations and lordandtaylor.com. Saks Fifth
Avenue, one of the world's pre-eminent luxury specialty retailers,
comprises 39 U.S. stores, five international licensed stores and
saks.com. OFF 5TH offers value-oriented merchandise through 78 U.S.
stores and saksoff5th.com. Home Outfitters is Canada's largest kitchen, bed and bath
specialty superstore with 69 locations. Hudson's Bay Company trades on the Toronto
Stock Exchange under the symbol "HBC".
SOURCE Swire Properties Inc