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.

 

 

 

 

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Anonymous
3 years ago

Homeless everywhere outside. Unorganized disaster inside. Time to clean up the neighborhood over there.

Gene
3 years ago

No surprise here. Homeless outside the store and the small of mold inside doomed this property. What is surprising is that Macy’s will have no presence in downtown Miami. I think even Detroit has a Macy’s. That’s sad because it is a solid middle class store.
Sorry to see them go

Anonymous
3 years ago

They are moving to Miami world center as per rumors.

Anonymous
3 years ago

I think that really is a pipe dream.

Anonymous
3 years ago

Didn’t they back out? The flagship of the indoor worldcenter was supposed to be a Macy’s and then they got cold feet so they switched to this new format. Or at least that’s what I recall from 2 years ago.

Anonymous
3 years ago

I hope they didn’t back out. There was some stupid controversy created by SJWs over them not being committed to hiring “locals,” many of which have criminal records.

Anonymous
3 years ago

That would be the smartest decision.

Anonymous
3 years ago

All the downtown stores smell like nasty wet baswments. They started Making new wide sidewalks with no bricks, trees, or benches just concrete—already covered in gum—a sad place.

P.U.
3 years ago

The place REEKS like an old basement

Anonymous
3 years ago

This place should be torn down and replaced by some seventy or eighty story tower because these sites are zoned for up to eighty stories.

Anonymous
3 years ago

Time to go hit that store and get some markdowns. But yeah crappiest Macy’s ever.

Miami
3 years ago

I think this building is going to be empty for a looong time. What else can go in that type of building?

Anonymous
3 years ago

Mana will buy it and leave it empty

Anonymous
3 years ago

Target, with residential lofts in the rear (original store)? Chicago and Portland have Targets in grand old department store buildings historically restored beautifully.

Anonymous
3 years ago

I hope they keep the building’s original facade.
And yes, Macy’s department store concept is dead.

Anonymous
3 years ago

I agree, and hope the ORIGINAL facade of the first section of the store and Miami’s first high-rise is restored and converted to residential lofts. It’s in the back on the First Street side, which is a crappy mural presently:comment image