Brickell City Centre Retail Sales Are Up 102% In 2021

Retail sales at Brickell City Centre are surging this year.

For the nine months ended on September 30, 2021, sales volume at the mall increased 101.8% over the same period in 2020, developer Swire Properties told investors last week.

The data was released in Swire’s quarterly operating statement to investors published on November 5.

The results were even stronger than the previous quarter, when Swire said retail sales were up 71% through June 30, 2021.

Sales data from the mall has been skewed from a complete closure in March 2020 due to the pandemic. The mall reopened in May 2020 (the Apple store closed again in June 2020).

Occupancy at the mall is also at another new record high, Swire’s statistics show. Tenants have leased or signed letters of intent for 98% of space at the shopping center.

Swire recently sold off the East hotel at Brickell City Centre for $174 million, and previously sold off the office towers.

They have also sold all 390 condo units at the Reach Brickell City Centre condo tower, and 388 of 390 units at the Rise condo tower.

Swire still owns 62.93% of the shopping center at Brickell City Centre, according to an August 2021 interim report of the company. The remaining interest is owned by Simon Property Group (25%) and Bal Harbour Shops (12.07%). Bal Harbour Shops has an option, exercisable from February 2020, to sell its interest back to Swire.

The 80-story One Brickell City Centre supertall tower remains under planning, with no estimated completion date yet, Swire said.

 

 

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Anonymous
23 days ago

It is a fantastic complex, fully compatible with the beautiful region that Brickell has become, with a nice and pleasant shopping mall, two very good residential towers and a modern hotel with good restaurants. The jewel in the crown will come with the One Brickell office tower. It represents the new face of Miami very well.

Anonymous
23 days ago

Build One Brickell City Centre!!

Anonymous
23 days ago

As proposed, as a giant glass box, I’d rather believe 1000 Museum, Paramount, or hell even Panorama Tower after Four Seasons was the tallest for fifteen years. If it’s revived, hopefully it has better architecture and they don’t pull a Related using the same Arquitectonica crap.

Anonymous
23 days ago

Two things needed for BCC: Start building the supertall anchor and a better bakery and coffee place. I literally have to go to Rosetta everyday to pick up my pastries. Although I love pastelitos de guayaba and the like, you just can’t have them everyday.

Anonymous
23 days ago

stop eating pastries every single day fatass!

Anonymous
21 days ago

I’m mf screaming! Best comment award

Anonymous
23 days ago

Gawd forbid you ever baked your own pastries and brewed your own coffee.

Anonymous
23 days ago

Rossetta è merda. Che schifo

Anonymous
23 days ago

Schifo per te.
Per me Rossetta e suficiente e vicina al lavoro.

Anonymous
23 days ago

I love love love Brickell City Center but I can honestly say I don’t often see it absolutely bustling with shoppers. Glad to hear that it’s beginning to ramp up again.

Anonymous
23 days ago

In today’s Amazon world, foot traffic isn’t always the best metric anymore. As retail has become more specialized, people go to a store for a certain product, and then maybe get something to eat or drink.

Anonymous
22 days ago

Exactly how Ive noticed my shopping has become

I (and many people) dont simpyl stroll around to shop. I know what Im getting, where Im getting it. Im getting it, and then Im going to have a drink and relax because I deserve it for all the stress and tribulations stepping foot out of the house entails

Anonymous
22 days ago

I hear what you are saying, and Bal Harbour Shops is rarely “bustling” with shoppers either.

Aventura and Dadeland (although, I’ve only been 3 times in the past 5 years) seem to be quite active everytime I go, but Mall of the Americas….now THAT’s bustling with shoppers.

Anonymous
23 days ago

Luna park needs to get the boot already

Anonymous
23 days ago

No kidding! Their wasted spaces probably match the vacant sf in the whole complex. Casa Tua won that battle.

calivalle
23 days ago

Lets go super tall…..Stop building square boxes..Need some GEMS..

Anonymous
23 days ago

Curvature is key. The most interesting buildings in Miami seem to have curvature in their basic design. It adds grace.

Anonymous
22 days ago

Swires smart they get in and get out and on to the next as they’ve been through many miami cycles…

Anonymous
23 days ago

I’d hope so! It was empty much of 2020!

Anonymous
23 days ago

With all the condos , hotel and office sold , Swire needs to start working on the 1000 foot building, we been waiting for almost a decade , no more excuses

Anonymous
22 days ago

Amazing! 102% over a baseline of a Pandemic year when everything was closed. I swear this must be the site where they go to find audiences for dramatically misleading claims where the numbers might be true but so what? Big freakin deal.

Anonymous
21 days ago

This is so stupid. Everyone’s sales are up 100 + % due to the pandemic and even after the lockdown everyone being scared to come out and shop. Now with the vaccine and more knowledge on Covid people are out. Tell us what their up from 2019 sales, that’s what matters. 🤦🏽‍♂️

Melo is sigma and chad
23 days ago

Now it needs its expansions.