Swire Properties' Brickell City Centre Reaches Full Occupancy, with 12.9% Increase in Sales

Brickell City Centre, the premier development by Swire Properties, has exciting news to share with the community. The retail space within the prestigious complex is now fully leased. This remarkable achievement showcases the unparalleled demand for this prime location in the heart of the city.

The developers have done an exceptional job in attracting prospective tenants, as some of the space has already been allocated to signed letters of intent. This means that eager businesses are just waiting for their keys to start setting up shop in this vibrant hub of commerce and entertainment.

Mall Reaches Full Occupancy for the First Time

With a remarkable milestone achieved, the mall has recently accomplished something it has never done before - every space has been successfully leased. Since its opening in 2016, the mall has become an energetic hub attracting a steady stream of visitors. Excitingly, retail sales have experienced an impressive surge, with a notable 12.9% increase in 2023 compared to the previous year, as reported by Swire.

Revitalization Efforts Set to Transform Surrounding Blocks

The landscape of the surrounding blocks is about to undergo a remarkable transformation, brimming with promise and the potential for increased foot traffic. Amid these exciting developments, one notable change is taking place at the west end of the mall. For some time now, a sprawling three-story retail space has been left vacant, following the shuttering of the beloved Luna Park food and beverage concept. While the identity of the new tenant is yet to be revealed, anticipation and curiosity surround the impending announcement from Swire. Rest assured, this carefully guarded secret is certain to breathe new life into the once-empty space and further augment the thriving atmosphere that is beginning to take root. Stay tuned for the unveiling of this thrilling addition to the neighborhood, soon to captivate locals and visitors alike.

A Powerhouse Consortium Drives the Success of the Shopping Center

When it comes to successful commercial properties, a strong ownership structure plays a crucial role. The shopping center in question boasts an impressive consortium made up of Swire, Simon Property Group, and Bal Harbour Shops. These industry giants have joined forces, each bringing their unique expertise and vision to the table. Swire, holding a majority stake of 62.93%, provides a solid foundation for the center's success. Simon Property Group, a renowned name in the industry with a 25% stake, contributes invaluable insights and resources. Bal Harbour Shops, with a 12.07% ownership, rounds out the consortium, adding their own touch of brilliance to the center's operations.