Moishe Mana has been pouring tens of millions of dollars into acquiring properties in the Flagler Street area of Downtown Miami over the past year, including nearly $40 million last month alone. The question is, what is he planning?
A new video produced by associates of Mana provides some hints.
The video states that Mana has now acquired a critical mass of property and plans to spend millions more on redevelopment. The vision of his team is to create a ‘real and vibrant’ destination that is active 24 hours a day, while capitalizing on the massive projects in the surrounding area, including All Aboard Florida’s MiamiCentral, Miami Worldcenter, and Brickell City Centre.
One rendering in the video shows a TargetExpress, a smaller, urban-format version of Target with an average size of 20,000 square feet. Target is certainly familiar with the area, with a nearby store in Midtown that is said to be one of the highest volume stores in the chain.
Other new retailers and restaurants will also be brought in to cater to the rapidly changing demographics of the area. There will be a focus on fashion and art.
The timeline for completion of the entire ‘game changing project’ is said to be about ten years.