Aventura Mall To Become Second Biggest in Country, Pending Approval

Categories: News

aventuramall.jpg
It's 2.7 million square feet and about to get larger. Apparently a certain billionaire wasn't satisfied with his Aventura Mall merely being the biggest one in Florida. He's proposing that his Bloomingdales-anchored behemoth jump from the third to the second-largest shopping center in America. Sorry, King of Prussia Mall in Philly. Our mall game throws more shade than a Sunglass Hut.

The plan is to add a new, three-story retail wing and a seven-level garage. While we can't imagine there are enough other iterations of Abercrombie to justify 4.2 more football fields worth of shopping space, the additional parking spots will certainly do much to curb violent altercations that take place between angry dads outside of the mall's Cheesecake Factory.

See also: H&M Opens to Throngs of Shoppers in Aventura

Aventura Mall was built in 1983 by four partners at the Oxford Development Company in Philadelphia. It's now owned by one of their heirs, Jeffrey Soffer. He's a tabloid favorite who's been dating supermodel Elle Macpherson since 2009, although the two briefly separated when Soffer was caught up in a lawsuit for allegedly piloting a helicopter into a fatal accident. In December of last year, Soffer was sued for $1 billion dollars by the widow of Lance Valdez, a tax attorney.

The real estate mogul regularly deals in numbers with lots and lots of zeros. The mall's owners pay a whopping $1.2 billion mortgage, Miami Today reports. Last year, the place did about $1.4 billion in sales, with the average customer spending about $340 per visit. The amount is pretty remarkable considering malls basically exist for broke-ass teenagers to walk around inside. It's also about four times the national average, which means that Aventura kids are rich, or that other shoppers there are so insanely rich they can cancel out the tight-wadded teens.

Mall mogul Soffer also owns the Fountainbleau on South Beach. His attempt at building a $2 billion Las Vegas Fountainbleau was called "one of the biggest busts of the U.S. real estate crisis" last November by the Miami Herald. Soffer was accused of mismanagement by creditors, although the businessman blames banks for withholding construction funds.

Aventura city officials are currently reviewing the mall plan to make sure it means zoning requirements.

Send your story tips to the author, Allie Conti.

Follow Allie Conti on Twitter: @allie_conti

Follow Miami New Times on Facebook and Twitter @MiamiNewTimes.

Location Info

Map

Aventura Mall

19501 Biscayne Blvd., Aventura, FL

Category: General


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59 comments
Barbara Salazar
Barbara Salazar

The only place I seen tons of Argentineans is in thriftstores and at the dolphin mall sorry! That's because aventura mall Isn't run down by the people , its big and the etotes look way nicer to walk into and it doesn't smell!

Bobby Fisher
Bobby Fisher

one of the most expensive malls in the country too

Erica Hale-Haniff Franqui
Erica Hale-Haniff Franqui

Karyl Agudo Argamasilla- glad I already cancelled my equinox membership! Now it will be impossible to get there all the time!

Sean Kandel
Sean Kandel

DUDE I know!! can you imagine the fucking traffic for years around Iveys dairy Jesus i`ll have to move

Phillip Andrew Lakes
Phillip Andrew Lakes

Great fucking idea Miami, that's exactly what we needed. A bigger mall! in an over populated city, with THE worst traffic jams and oh ya...,, on the brink of sinking. Well done, fucktards.

sobebaby
sobebaby

malls are so 1977!  Every mall in Dade and Broward is now a flea-market with a Panda Buffet.   Malls still work in the cold north wasteland of fly-over country - but not here anymore.

Jason Marshall
Jason Marshall

Parking will not be the biggest issue. Traffic on the surrounding streets will be a nightmare

Luis Sergio Santos
Luis Sergio Santos

a very nice mall, near big Borders bookstore at 19925 Biscayne Blvd

Rob Scaringella
Rob Scaringella

Edgar Yepes i still havent been here lol, but i do like Dolphin Mall

Ashley M Padgett
Ashley M Padgett

Can they build their own road while they're at it, because Aventura traffic blows.

Tom Berry
Tom Berry

I thought malls were passe. Kinda behind the curve on this one.

Jose Marti Restrepo
Jose Marti Restrepo

noooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo

Zeke Ortega
Zeke Ortega

Build the streets also for the amount of traffic.....if there is any room left...

Gregory Koger
Gregory Koger

SECOND largest? If you're not first, you're last.

Geoffrey Stoner
Geoffrey Stoner

Wow if traffic in that area isn't bad enough. Hopefully the developer will be required to pay for road improvements as well, but knowing florida zoning and building they will build it and the taxpayer will get soaked later to fix the clogged roads.

TK Small
TK Small

Really?malls are very last century

Beverly Tiger
Beverly Tiger

Put the roller coaster "the hulk" in there. That would be awesome

lapr
lapr

@sobebaby You obviously didn't read the article before you posted: Aventura generates sales which are 4 times better than the average US mall. ($340 per visit-PER CUSTOMER!!!) Incredible!

citizen477
citizen477

Actually, Borders has been gone for more than a year now.

citizen477
citizen477

Exactly. He might want to be careful with that move. That is a huge investment, when suburban malls are going out of style.

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