Macy’s Will Not Renew Downtown Miami Lease, Store Closing In Weeks

Macy’s downtown Miami store will close within weeks, the company announced today.

According to a broker listing document from November 2016, the store’s Triple Net lease is set to expire in March 2018, and the company will not be renewing.

The property was purchased by Aetna Realty in 2012 for $15.5 million, and the owner wants a joint venture or sale, the listing states. The property has also been discusssed as a potential site for a county courthouse.