Brickell City Centre Retail Sales Rose 38% In First Half Of Year, Swire Says

Sales were up at Brickell City Centre’s retail shops during the first half of the year, developer Swire Properties reported last week.

Retail sales growth at the mall for the six months that ended June 30 2019 was 37.8%.

Occupancy in the mall as of June 30 was 90%, compared to 89% on December 31, 2018.

Swire previously reported that retail sales growth during the year that ended in December 2018 was even faster at 153.4%, although many stores hadn’t yet opened in the prior year.

A total of 11 condo units were sold at the Reach and Rise residential tower during the last quarter. At Reach, 364 of 390 units have now been sold, compared to 363 in the prior quarter. At Rise, 280 of 390 units were sold, compared to 270 at the end of the prior quarter.

 

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Anonymous

Good. Now build the office tower.

Anonymous

They already have one

Anonymous

we are talking about the proposed 80 story office tower.

Anonymous

They are probably waiting for the next cycle after the 2020 market crash

Anonymous

They already have two.

Anonymous

BCC needs to bring in some furniture stores (Room & Board, Crate & Barrel) along with more middle range shops (J Crew, Bonobos, etc) and those sales will jump even more.

Anonymous

Mall Are boring, and BCC isn’t the exception.
However, I agree that more furniture stores will make more sense in that area.\

Anonymous

I was there this weekend, it was great!

¯\_(ツ)_/¯

A CB2 would be perfect for Brickell!

Anonymous

Yes.

Anonymous

J Crew is hemorrhaging money. Not even Obama’s husband could save it.

Anonymous

Yeah, but we know the “only I can fix it” Orange Man and his alien wife can!

Anonymous

these stores are too big to be in the mall, but would be great nearby. there is a furniture store across the street at 800 Brickell.

Anonymous

I work at the WeWork offices.. my office and BCC location is ideal for Brickell and Downtown residents.

Anonymous

Hi!!! From the Security Building.

Anonymous

here too

Anonymous

Why can’t they sell Rise?

Anonymous

Wondering this myself. Looking at buying in Rise so would love to know why they are moving so slow.

Anonymous

Expensive. And it’s a buyer’s market at the moment.

Anonymous

Resales are cheaper than their listings

Anonymous

Buyers market?
Ask Peter Zalewski and his “Vulture Fund” how many distressed deals they found in the last 3 years.

Anonymous

Hi there if you wondering why the condos aren’t moving as fast as they should. The truth is that must people can’t afford to live there. Not sure if you have viewed the property at Rise but if you would like to view the units I work at Rise and would love to share with you the new incentives for August that we can offer you. If your seriously intrested e-mail at DBadamo@relatedisg.com

Thanks David

Anonymous

Yeah, washer & drier capital is tough to move now a days…

Anonymous

They could sell ot tomorrow if they needed the money.
They seem to be perfectly fine holding prices firm and selling 3 or 4 per month.

Anonymous

i’m rising

Anonymous

I really thought this place was going to be a bust, but it’s always been busy everytime I’ve gone. It has a really nice feel to it.

Anonymous

What are u smoking? I frequent Casa Tua which is excellent, but the rest of the mall looks empty all the time.

Anonymous

It’s as lively as Bal Harbour, which has been in business for over fifty years. Upscale malls don’t require crowds to survive.

Anonymous

You cannot compare this mall to Bal Harbour as far as being “Upscale”. BCC wish they had half the upscale stores at Bal Harbour.

Anonymous

Except that neither of the two are enclosed, except that they are both leased by the Whitman Family, and except that they are both anchored by Sax Fifth Avenue, you cannot compare.

Anonymous

And Bal Harbour has been the top mall in the USA in sales per sq ft as long as I can remember.

Anonymous

I haven’t “smoked” since the 70s.

Anonymous

Then you are blind.

Anonymous

I went for the first time an I was impressed at how beautiful the mall was… I was cooler than I thought it would be inside an yes it was on a hot day! In my opinion one of the most beautiful malls I’ve been to maybe because it’s new or because it’s so different from the usual. There were a lot of people there same as you would see at most malls. People commenting negatively about BCC are haters for some reason unknown??? This is a new addition to Miami an basically molded Brickell into what it is now so why so much hate?

Anonymous

they’re called: InternetTrolls

Brickellite

I’m one of the 14′ preconstruction buyers at Reach, I have other properties in Brickell and Beach, I must tell you that by far BCC is incredible, it’s our best property in Miami, the management is detailed and involved, we actually received 2 months HOA fees back as a surplus!!
I’m currently in negotiations to upgrade to a larger unit to live there fulltime…btw our 1 bedroom rents $3800 per month…in 16′ was $2750….

Anonymous

Uhhhh do you mind to tell me who is paying $3800/month for a 1 bedroom in Brickell? You can almost get a 3 bedroom for that price.

Brickellite

To be fair, our unit is fully and amazingly furnished, with everything included, towels,linens,nespresso machine, blender etc, like a hotel unit, we include all the utilities, even electric…so that’s why we get $3800…and I’m not exaggerating, at the SLSLux we get $3580 1 bedroom.. not trying to boast, but when you buy the best property and furnish with high end quality furniture, finishes, you can command the rate quickly, ppl come from all around the world to Brickell now…I’m buying more…
Just saying

Anonymous

That sounds a little better. Thanks for commenting back.

Anonymous

Do you think the CBD will follow suit once Okan, MWC and Aston Martin get really going?
It’s going to be fantastic

Anonymous

Please adopt me. I’m house trained.

Anonymous

Yeah, no kidding. Get a great Realtor (hard to find for rentals), and you can negotiate a 2 with den in the low $3,000’s

Anonymous

38% from nothing is an amazing uplift, duh….
Golf Clap

Anonymous

They will have more clients and patrons if they put air conditioning

Anonymous

Slow growth.
The mall is dead. Everytime I”ve been there, the shopkeepers are rather bored.

Anonymous

wow – I did some French classes there a while back and the place was always packed and hopping at night…been to the movies quite a few times as well, guess it depends when you go…. and maybe people are using it more like a public park and not purchasing? but seemed the opposite to me of dead…

Anonymous

BCC is the opposite of dead.
Some of the commenter’s brain cells are dead. They just dont comprehend the articles.
“Uggghhhhhhhhh….I was there once Beavis….and….uhhh… huh…

Anonymous

slow growth?? Maybe for the apartments but not for retail. I go once a week during the evenings & it’s packed especially the restaurants.

Anonymous

Precisely, the restaurants….

Anonymous

…and then you walk in with a pithy comment, and they smile ear to ear!!!

Anonymous

It’s busiest on nights and weekends, like most malls. The Brickell demographics support later hours.