The Mall at 163rd Street in North Miami Beach is getting a makeover and will add space.
The mall owners, a group of five investors, purchased the mall last year for $46 million. They expect to invest $150 million in renovating the 373,000-square-foot mall, which was built in 1957. The investment group comprises Taillard Capital Partners, YS 26 Capital, Tuesday Properties, Ark Ventures, and Strategic Capital Alliance.
The South Florida Business Journal reports that the new proposal would add 21,424 square feet of new retail to the mall, consisting of five new retail spaces. The site plan shows about 150,000 square feet over three levels being converted to an “amusement center” with four indoor pickleball courts. The new food court would total 20,000 square feet.
The owners of the 163rd Street Mall are working with local architect Design Tech International Associates.
Katz & Associates is handling leasing at the Mall at 163rd Street.
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