Brickell City Centre’s Shopping Mall Now 96% Occupied, Highest Level Ever

The shopping area at Brickell City Centre is now nearly fully occupied by retailers.

Developer Swire Properties told investors last week that the retail space at the mall was 96% leased at the end of the first quarter, up from 95% at the end of 2020. That appears to be the highest level ever reported by the company for the mall.

The occupancy statistics released by Swire includes space allocated to prospective tenants who have signed letters of intent.

Sales however dropped drastically in the first quarter, down 32% from the year before, with the results impacted by the pandemic.

Condo sales at Brickell City Centre are rising.

Swire has already sold as many units in 2021 as it did the entire 2020, with 31 condos sold at the two Brickell City Centre residential towers through May 2 – identical to what was sold all of last year.

In total, 367 of 390 condos at Reach are now sold, with 330 of 390 sold at Rise.

One Brickell City Centre remains in planning as an 80-story tower with retail, residential, hotel and office space, the company said. The company still does not have a start date for the project.

 

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Anonymous
1 month ago

I really like Brickell City Centre, but besides the restaurants and the few major retailers, the rest of the mall always looks empty. The overpriced boutique stores are dragging down the mall. They dont say what retailers or services theyve now signed, but I get major Omni Mall vibes from this place unless they self-correct. Best of luck!

Anonymous
1 month ago

I’m sure the residents and developers would love to turn Brickell City Centre into a Hialeah flea market.

Anonymous
1 month ago

Omni?? Damn you are old. That was like 50 years ago..

And that was due to White Flight moving to the suburbs.. the reverse is happening in Brickell if you haven’t noticed.

Anonymous
1 month ago

and towards reward of trying to be woke and talking about something that doesn’t actually involve your woke term belongs to you. Also the majority of hispanics are white so you aint a victim conquistador

Anonymous
1 month ago

Sure doesnt feel like 96%, hopefully these new concepts open soon and give life to the northern block and other pockets that are sleepy.

Anonymous
1 month ago

Don’t worry, you’ll start seeing more people there when density increases in west Brickell.

Anonymous
1 month ago

If you’re living in West Brickell, you can’t afford the shops at BCC.

Anonymous
1 month ago

Wait and see my friend

Azarius
1 month ago

west Brickell just as expensive as east. 1900 for 1/1 smh some even more.

Anonymous
1 month ago

No it’s not.

J.M.
1 month ago

* Little Havana

Anonymous
1 month ago

* Southside

Anonymous
1 month ago

Can’t wait for MWC to be finally occupied. I’m very curious at which commercial tenants will be there!

Anonymous
1 month ago

Besides major retail brands and smaller venues, I’m hoping for;

– Starbucks Reserve
– Equinox with rooftop pool
– Eataly
– Tao
– Trader Joe’s
– Whole Foods (yes, once more! lol)
– Apple
– Amazon Go

This is my wishlist😅

Anonymous
1 month ago

This is a great list. Everything could happen besides Whole Foods. Not enough density to have one in MWC when one is 10 minutes away.

Anonymous
1 month ago

I disagree. We need one in MWC and one in Brickell actually. In NYC they have one every few blocks!

s.k
1 month ago

Apple is already there. EQX is in Brickell Heights (across the street). If anything, I would welcome another high end gym. I think we need a WF in the area, the one in Downtown is always packed, or at least a Fresh Market.

Anonymous
1 month ago

A theater would also be an amazing space. Let’s not just focus on goods but also art.

Anonymous
1 month ago

We need it when what is called “art” are two hideous murals blocks away.

Azarius
1 month ago

I’m curious as to what the retail will look like at MWC with it fighting already established places like DD, Wynwood, and BBC that so close, and are they ever going to redo the retail at Bayside?

Anonymous
1 month ago

Bayside is nice the way it is, I think it’s perfect for tourists. If you make it fancier, it might lose people.

Anonymous
1 month ago

Redo their retail into what? They know their market—cruise ship tourists in transit looking for cheap trinkets and grub.

Anonymous
1 month ago

I’d like to see One Brickell City Center developed soon. But then again, their delay will give a boost to the CBD to start projects there.

Anonymous
1 month ago

I don’t understand how we continuously see articles about how sales/leasing is booming everywhere down here, even through the pandemic, yet you see any real movement on the super tall front other than possibly the Waldorf tower.

Anonymous
1 month ago

Yeah I find it interesting that developers are saying they are waiting on the market but what more needs to happen for you to be convinced? People an companies are moving to south Florida… I think the pandemic actually worked in our favor. It actually made companies move here permanently and sparked interest from other companies to make the move. The time to build is now but what do I know? I’m just someone who reads TNM daily.

Anonymous
1 month ago

I guess recovery from the covid pandemic isn’t moving fast enough for you?

Anonymous
1 month ago

83 developer condos remain. I believe now is the time to open the sales center for the subsequent towers!

Anonymous
1 month ago

Anounce the next phase!

Anonymous
1 month ago

Time to expand

Marc
1 month ago

I wish the three level Italian food hall would consolidate to the two upper levels and allow the ground floor to become a Trader Joe’s. The “Italian Mercato” on ground floor is a joke anyway. Overpriced and carries nothing of value, Doris in Broward way better.

Moishe Mana
1 month ago

Yeah let’s put a grocery store in a retail mall how stupid are you!

Brickellite
1 month ago

BUY A UNIT is my new motto, I own a unit at the reach, it is amazing…

Anonymous
1 month ago

Is this a puff piece laying the ground for the announcement of the next phases?

Anonymous
1 month ago

Now it’s time to enclose the Mall and put a nice air conditioner, so people will enjoy the experience of not being under 92 degrees

Anonymous
1 month ago

Maybe lose some weight?