Recently St. John and 120% Lino (an Italian brand of linens) have recently opened in Aventura Mall. Givenchy and Gucci are set to open in the supper and fall of 2016. Current super luxury brands who have a foot print in the Aventura Mall are Burberry, Fendi, Tiffany & Co, Emilio Pucci, Louis Vuitton and Cartier.
Jackie Soffer, co-chairman and ceo of Turnberry Associates, owner and manager of Aventura Mall, said the property attracts 28 million visitors a year.
“We cater to a much larger audience,” she said, referring to other retail venues. “If you’re selling a $5 million ring, you may not need that. We have a lot of customers buying $10,000 or 20,000 handbags.“Tourism is down in Miami,” she added. “The Brazilian market hasn’t been as strong. We’re getting a lot more U.S. tourists. That’s made up for it a bit.”
The Brickell City Centre is expected to complete a 500,000 square foot expansion of its 5.4 million square foot mixed use project being developed by Swire Properties, Inc. and Whitman and Simon. In the fall of 2016 shoppers should expect to see Valentino, Kiton, La Perla, Chopard, Guiseppe Zanotti and Vilebrequin in the Brickell City Centre expansion.
Other retail mall expansions have been planned for Miami, but shifts in developer sentiment to replace enclosed shopping centers with open aired concepts is still on the table for discussion and may ultimately affect the size of the mall’s footprint.