Saks Fifth Avenue Considering Leaving Bal Harbour Shops After Expansion Approved

Saks Fifth Avenue is unhappy about a recently approved plan to expand Bal Harbour Shops and is considering vacating, according to the Herald.

The $400 million expansion includes 340,387 square feet of new space with a new flagship store, anticipated by the owners to be Barneys New York. There will also be upgrades to the Neiman Marcus store.

Saks Fifth Avenue is also considering legal action, according to their attorney. The store would not be upgraded under the mall’s plan, and customers would be forced to rely more on valet parking rather than self parking.

Saks recently opened a flagship store at Brickell City Centre, which Bal Harbour Shops owner Whitman Family Development owns a minority stake in.

Bal Harbour Shops hopes to break ground by year end after receiving approval last week. Construction could take six years.

 

(renderings: zyscovich)