Bal Harbour Shops (Bal Harbour, FL)
By Lana Bell, ONE Sotheby's Realty Sunny Isles Beach Branch
(ONE Sotheby's International Realty)
The retail stores at Bal Harbour Shops had a great year in 2013. Average sales rose 7.4 percent over 2012, and South Florida Business Journal has reported that shops averaged $2,800 per square foot of profits. More than a few retail tenants took this profitable opportunity to expand their shops. Among those who decided to take advantage and grow their businesses were the Prada and Dolce & Gabbana stores. Matthew Whitman Lazenby, operating partner at Bal Harbour Shops, has said that the specialty department stores in the shopping center – Saks Fifth Avenue and Neiman Marcus – showed increased profit percentages in the double digits, and so did Bal Harbour Shops’ restaurants. All of this improvement is nothing but good news for the area around Bal Harbour and, in fact, for all of Miami. E...
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Bal Harbour, FL Real Estate Professionals