Taubman Centers: Progress On Worldcenter Mall, Announcement Soon

Taubman Centers recently told analysts on a conference call late last month that they have been making progress in planning The Mall at Miami Worldcenter, and expect to be able to make an announcement soon.

During a question and answer session on the July 30 call, a Citi analyst asked if there was a drop dead date for the project. CEO Robert Taubman reiterated that the announcement would come soon, adding that Miami is an ‘amazing market’ and that we are ‘working hard on it.’

Last week, Taubman released an updated investor presentation, but little new information was added about Worldcenter. A November 2014 presentation said that Worldcenter would break ground sometime in 2015, while the newer presentation simply said that the project is progressing.