Citicenter is expected to break ground during second quarter 2012

November 4, 2011

Citicenter developer Swire Properties is expected to break ground West of Brickell Ave (247,000 sf +/- site) during the second quarter of 2012. “We really see Miami as about to take the next and final step to become a true urban city, but retail is the missing link,” said Stephen Owens, president of Swire Properties. “Retail creates the pedestrian experience. In some ways what we’re trying to create is the Main Street like you have in most urban cities. Our goal is to really become the anchor for the urban area. The retail would likely be anchored by at least one department store, plus a mix of luxury and moderate retailers focusing on fashion brands and home furnishings, including national and international brands,” Owens said. No Target and no Best Buy. The first phase would include about 500,000-square feet of retail shops and restaurants, a 290-room four-star hotel, two eight-story office towers and a residential tower with about 270 units.