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The recipe for retail success? Luxury and location

The recipe for retail success? Luxury and location

While most malls are shuttering or downsizing, Miami Beach’s Bal Harbour Shops is expanding and there’s two reasons why. Surrounded by luxury hotels and wealthy residents, the mall is a natural gathering place, albeit one with $30 valet parking. With 511,000-square-feet of luxury tenants, Bloomberg reports the mall turns a profit. The culture among tenants also widely departs from the industry at large: in Bal Harbour, tenants are not on the verge of eviction trying […]


Source: realdeal

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