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January 6, 2021

Outdoor Mall In Miami Trades For About 60% Of Its Former Price

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A month and a half after redevelopment plans for the site formally fell through, The Shops at Sunset Place, a 9.68-acre outdoor mall in South Miami that once bustled with national retailers but has struggled in recent years, sold on New Year's Eve for $65.5M, the buyer announced this weekend. That's about 59.5% of the price the mall traded for in 2015.

Outdoor Mall In Miami Trades For About 60% Of Its Former Price

The parcel, located at 5701 SW 72nd St., is situated along U.S. 1, a major road. It was originally developed as a site for Holsum Bakery and in the 1980s was transformed into the Bakery Centre Shopping Plaza. That was demolished in 1996 to make way for

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