A major redevelopment could be on its way to Aventura, Florida, according to a recent article I was reading.
Evidently, Sears recently submitted a development proposal to the City of Aventura. In that proposal, Sears is recommending replacing its current store location at Aventura Mall with a little village.
This village would be comprised of retail, office and even hotel space.
Currently, Sears occupies two stories at Aventura Mall. But under the new plan, Sears would only occupy 20,000 square feet within the 250,000-square-foot village.
Developers want to call the project “Esplanade at Aventura.” If it is approved, industry analysts are already saying it would be better than the existing Piazza at Aventura Mall where Cheesecake Factory is located.
What Do You Think About Sears’ Plans?
Do you think it would be a good addition to the mall? Do you think it’s a wise business decision on the part of Sears? Would you rather see Sears stay the way it is?
I would love to hear your thoughts!
I’ll also make sure to keep you posted as these proposed plans go forward.
I’m your dedicated South Florida real estate expert and I will work hard to get you the results you want on the local housing market in Aventura!