American Landmark & BH's $1.5B Southplace City Center Breaks Ground in Cutler Bay

Key Points:

• Major Redevelopment: Southland Mall in Cutler Bay is being transformed into the expansive Southplace City Center, a $1.5 billion project.

• Residential and Retail Expansion: The development will introduce approximately 5,000 new market-rate apartments and condominiums, alongside 500,000 square feet of retail, dining, and entertainment space.

• Economic Boost: The project is expected to generate around 3,000 construction jobs and $44 million in revenue within its first five years, with 2,000 permanent jobs thereafter.

In a significant move set to redefine southern Miami-Dade County, American Landmark Apartments and BH Group have commenced construction on The Current at City Center. This 350-unit apartment community marks the inaugural phase of the ambitious Southplace City Center project, a seven-year, $1.5 billion redevelopment of the former Southland Mall in Cutler Bay. This transformative endeavor aims to create a vibrant, mixed-use hub, enhancing both the residential and commercial appeal of the area.

A New Era for Cutler Bay:

• Comprehensive Development: Southplace City Center is poised to introduce approximately 5,000 market-rate residential units, significantly boosting housing availability in the region.

• Diverse Amenities: Beyond residential spaces, the project will offer 500,000 square feet dedicated to retail, dining, and entertainment, a 60,000-square-foot medical center, and a 150-room hotel, enriching the community's lifestyle options.

• Enhanced Connectivity: Strategically located adjacent to Miami-Dade County's upcoming Bus Rapid Transit (BRT) system, the development will provide residents with improved access to public transportation, promoting seamless regional connectivity.

Economic and Community Impact:

• Job Creation: The construction phase is projected to create approximately 3,000 jobs, with an additional 2,000 permanent positions upon completion, bolstering the local economy.

• Revenue Generation: Anticipated to generate $44 million in revenue within the first five years, the project will contribute significantly to the economic growth of Cutler Bay and its surroundings.

• Community Engagement: Plans include extensive green spaces and communal areas designed for events such as concerts and farmers' markets, fostering a sense of community and enhancing the quality of life for residents.

Developer Insights:

“This groundbreaking is a crucial step in fulfilling our goal of creating a more vibrant and connected community in Cutler Bay and all of southern Miami-Dade County,” said Joe Lubeck, CEO of American Landmark. “As we break ground on The Current at City Center and Southplace City Center as a whole, we envision a focal point for the area where residents have a true live-work-play option that satisfies the growing need for housing, updated retail, communal spaces, casual and high-end dining, and much more. We are thankful for the collaborative efforts of Miami-Dade County and the Town of Cutler Bay as they share their passion for the economic growth and modernization of this area.”

“With The Current at City Center now underway, this groundbreaking marks the beginning of a new era for Miami-Dade County as a whole,” added Isaac Toledano, Founder and CEO of BH Group. “This is only the beginning of what will become one of the area’s most transformative developments bringing greater economic opportunity, innovation, and inspiration for what can be accomplished in this exceptional community.”

Pivotal Moment for Cutler Bay

The groundbreaking of The Current at City Center signifies a pivotal moment in the transformation of Cutler Bay. As Southplace City Center progresses, it promises to reshape the region's landscape, offering a dynamic blend of residential, commercial, and communal spaces that cater to the evolving needs of the community.