Rising to the Next Challenge in Retail’s Evolution in South Florida

ULI MEMBER–ONLY CONTENT: Despite the challenges facing the retail sector in 2020, South Florida’s Aventura Mall has continued to reinvent itself as a retail destination.

The exterior of the expanded Aventura Mall in South Florida. On the right is an event space named Level Three, and on the left is Aventura’s Apple Store, just opened in 2019. (Leo Diaz) ULI MEMBER–ONLY CONTENT: In 2019, more than 9,300 retail stores closed in the United States alone, according to Coresight Research. One of the largest new malls set to open in 2020, the American Dream in northern New Jersey, has had to further push back its plans to open due to concerns about COVID-19 and lack of tourism in the New York City area. But South Florida’s Aventura Mall has continued to reinvent itself as a retail destination despite the shifting economic tides.First opening its doors in 1983, Aventura is now the largest mall in Florida, adding 315,000 square feet (29,200 sq m) in 2019, and avera
Nicole Martinez has worked with a variety of local and national publications including Reuters, Univision, VICE Media, Hyperallergic, Crain Communications, Miami New Times, Miami Herald’s INDULGE Magazine, Apparel News, The New Tropic, Savoteur, and Art Law Journal. She is based in South Florida.
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