Real estate developers are planning to build a “city within a city” at the Southland Mall site in Cutler Bay.
Developer Electra America, its U.S. affiliate American Landmark, and BH Group this week announced preliminary plans to redevelop the 80-acre site 20 miles south of Miami.
The site was acquired in May for more than $100 million.
Plans for the billion-dollar project, to be called Southplace City Center, include revamping the mall and adding nearly 4,400 apartments, a grocery store, a 150-room hotel, medical office space, an amphitheater and walk/bike paths at the site.
The proposal has been submitted to the town. The developers said their plans meet code and that they won’t seek any special approvals.
The developers plan to break ground next year. Apartments could be ready in early 2025, with rents starting at $2,500.
Source: AXIOS Miami