Target recently opened a store in South Beach, and now the company could be looking to open a similar store in North Beach.
Pacific Star Capital is proposing to buy a city owned parking lot next to 71st Street and combine it with their own property to build the multi-level project. The company has also developed a Whole Foods in North Miami.
The Target store would be around 33,000 square feet – similar in size to the smaller format store recently opened in South Beach, and much smaller than the Midtown Miami store.
In a letter, the developer said the Target store would be located on the second floor.
A total of 72,000 square feet of retail would be built on two levels of the new shopping center, along with a 237-space parking garage.
Miami Beach’s commission sent the proposal to the Finance & Citywide Projects Committee last week.
The Real Deal first reported plans for the project.