Swire, Simon, Whitman in Miami Venture

Swire Properties, Whitman Family Development and Simon Property Group on Thursday revealed a three-way partnership to jointly develop the retail component of Brickell City Centre, a $1.05 billion, 5.4 million-square-foot mixed use development in downtown Miami whose first phase includes a luxury shopping center anchored by Saks Fifth Avenue, two residential towers, a hotel and two office towers. Simon and Whitman will share the role of co-developing the retail component of Brickell City Centre. Whitman and Swire entered into a partnership in January 2013 to co-develop Brickell’s 500,000-square-foot shopping center. Simon will bring more than 55 years of international experience in the retail market, including a successful South Florida portfolio. “We’re delighted to have Simon Property Group join us and Whitman Family Development,” said Stephen Owens, president of Swire Properties. “Simon Property Group and Whitman Family Development’s expertise and proven track record in developing and managing high end shopping centers in the United States promises to broaden Brickell City Centre’s appeal to a wide spectrum of visitors, including Miami’s high net-worth residents and international clientele.” Richard Sokolov, president and chief operating officer of Simon, said, “We have already seen strong interest from retailers who have enjoyed great success with us around the country and

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