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Since its inception, Swerdlow Group has successfully developed millions of square feet of retail projects. The projects include regional malls, "big box" anchored power centers, community shopping centers and festival entertainment centers.
 |
 |
|
Size (sq.
ft.)
|
Year Built
or Renovated
|
Property
Type
|
Estimated
Value
|
 |
 |
| |
Dolphin
Mall
Miami, FL |
1,700,000
|
2001
|
Retail
|
$300 Million
|
 |
| |
Great Mall of the Bay Area
Milpitas, CA |
1,250,000
|
2002
|
Retail
|
|
 |
| |
Millenia
Plaza
Orlando, FL |
600,000
|
2001
|
Retail
|
$35 Million
|
 |
| |
Miracle Center
Coral Gables, FL |
247,000 |
Renovated
2000 |
Retail |
$20 Million |
 |
| |
Hollywood
Hills Plaza
Hollywood, FL |
372,000
|
Renovated
2000
|
Retail
|
$35 Million
|
 |
| |
Westfork
Plaza
Pembroke Pines, FL |
398,000
|
1999
|
Retail
|
$50 Million
|
 |
| |
Las
Olas Riverfront
Ft. Lauderdale, FL |
256,000
|
1999
|
Retail
|
$50 Million
|
 |
| |
Cypress
Creek Station
Ft. Lauderdale, FL |
229,000
|
1997
|
Retail
|
$30 Million
|
 |
| |
Oakwood
Plaza
Hollywood, FL |
906,000
|
1994-97
|
Retail
|
$95 Million
|
 |
| |
Kendale
Lakes Plaza
Kendall, FL |
404,000
|
1994-95
|
Retail
|
$40 Million
|
 |
| |
Sheridan
Plaza
Hollywood, FL |
504,000
|
1991
|
Retail
|
$45 Million
|
 |
| |
Capitol
Plaza Mall
Prince Georges County, MD |
500,000
|
1985
|
Retail
|
$30 Million
|
 |
| |
Cross
County Mall
West Palm Beach, FL |
365,000
|
1999
|
Retail
|
$30 Million
|
 |
| |
Post Haste Plaza
Hollywood, FL |
50,000
|
1996
|
Retail
|
$5 Million
|
 |
 |

RETAIL DEVELOPMENT EXPERIENCE
DOLPHIN MALL
Miami, FL
Dolphin
Mall was developed as a 1,700,000 gross square foot (1,400,000
GLA) super-regional value-oriented mega-mall and entertainment
complex. The site is located adjacent to LightSpeed at Beacon
Tradeport at the northeast corner of the intersection of the
Florida Turnpike and the Dolphin Expressway (SR- 836) in central
Miami-Dade County, approximately four miles due west of the
Miami International Airport. The Dolphin Mall is part of a
mixed-use commercial development encompassing more than 320
acres on the last significant developable parcel of undeveloped
land in the area.
In addition to the retail, this development includes up to
four million square feet of industrial and telecommunications
buildings (see Dolphin Commerce Center). The Dolphin
Mall, which is the first of its kind in South Florida, incorporates
a unique combination of shopping, dining, entertainment and
amusements. This exciting combination is projected to attract
both residents and tourists with 18 to 22 million visits estimated
in the first year.
[ click
here for photos of Dolphin Mall ]


GREAT MALL OF THE BAY AREA
Milpitas, CA
The Great Mall of the Bay Area is Northern California's
largest value oriented shopping mall, comprising 1.3 million square feet of anchor and in-line retail tenants.
The mall is strategically located in the heart of Silicon Valley where 1-880 and U.S. 101 intersect in Milpitas, California.
The Great Mall of the Bay Area is the premiere regional shopping center in the San Francisco Bay-Silicon Valley area and includes
an entertainment and leisure time component with movie theaters, restaurants and an interactive adult entertainment center.
[ click here for photos of Great Mall of the Bay Area]


MILLENIA PLAZA
Orlando, FL
A 600,000
square foot power center located on I-4 at the new Conroy Road Interchange. Major retail
anchors include; Home Depot and Expo Design Center, a 35,000 square foot Linens 'N Things
and BJ's Wholesale Club. This project is adjacent to the 400-acre Millenia mixed-use
development. Millenia Plaza opened in Fall 2001.


MIRACLE CENTER
Coral Gables, FL
The
Miracle Center is an architecturally distinctive building
located just outside the Coral Gables central business district
in the City of Miami. The Miracle Center was formerly an enclosed
shopping center and is comprised of 247,000 square feet of
gross leasable space and over 1,200 parking spaces on three
(3) levels.
Swerdlow Group acquired the building in 2000 through
an affiliated real estate company and demolished the interior
space for redevelopment. The single tenant in the building,
Bally's Health Club, occupies approximately 36,000 square
feet. The building has large open floor plates, potential
for 20-foot clear heights and is ideally suited for "big-box"
retailers. The building can also be used as a corporate headquarters
for a large company looking to relocate in Miami.
A third development option is the redevelopment of Miracle
Center into a mixed-use project with ground floor retail,
large "New York-Style" lofts on the second and third
floors and condominiums in a 90,000 square foot residential
tower that can be added to the top of the parking deck.
Swerdlow Group recently completed the demolition and portions
of the pre-development work at the Miracle Center and now
offers the building for sale or joint venture.


HOLLYWOOD PLAZA
Hollywood, FL
A 300,0000 square
foot community shopping center located on Hollywood Boulevard, one-quarter mile west of I-95.
Originally opened in 1964 as the Hollywood Mall, this site serves the densely populated trade
area of southeastern Broward County. The property was redeveloped into an open air center.
Anchors include Target, Publix, Eckerds, Kinko's, Starbuck's, Fashion Bug and Payless Shoes to name a few.


WESTFORK PLAZA
Pembroke Pines, FL
A 395,000 square foot power center
in the heart of Florida's fastest growing city, a bedroom community of both Miami and Fort Lauderdale.
Located ¼ mile west of I-75 at Pines Boulevard and Dykes Road. Anchored by Kmart, Winn Dixie Marketplace and Regal Cinemas.


LAS OLAS RIVERFRONT
Fort Lauderdale, FL
Las
Olas Riverfront is a festival entertainment center comprised
of 256,000 square feet of theater and entertainment facilities,
restaurants, nightclubs and upscale retail shops. The property
is located in downtown Fort Lauderdale on a riverfront site
overlooking the New River to the south and is adjacent to
both the Central Business District and the Arts and Science
District at the end of Las Olas Boulevard, the city's established
shopping and dining destination. Area cultural and entertainment
facilities and events attract an annual regional attendance
of approximately l.7 million people from Broward, South Palm
Beach and North Dade Counties.
This 3.8-acre downtown Ft. Lauderdale site became available
through the cooperative assemblage efforts of the City of
Ft. Lauderdale and the Broward County School Board. Originally
called Brickell Station, the project was stalled for several
years. Ultimately, Swerdlow Group was brought in to lend
its expertise to the project. The sites prime location and
the area's lack of state-of-the-art entertainment and dining
facilities presented an intriguing development challenge.
Because the property was acquired from the City of Ft. Lauderdale,
there were many restrictions and limitations placed on its
use such as preserving a variety of easements and several
historic buildings. Additionally, the site is an irregular
shape in a very tight urban location that had to accommodate
256,000 square feet of development and a variety of tenant
needs which still create an inviting pedestrian atmosphere.
A design was ultimately conceived that accommodated various
requirements imposed by the City. Michael Swerdlow's reputation
within the community was a major factor, which eventually
led to the approval of the proposal after presentations to
the City's Historical Board and City Commission.
Downtown Ft. Lauderdale continues to experience a revival.
The project is expected to benefit from the fact that no other
site in the area is available or can accommodate a large movie
theater anchor, which generates much of the traffic for the
center. Bank of America and Credit Lyonnais provided construction
financing.


CYPRESS CREEK STATION
Fort Lauderdale, FL
Cypress
Creek Station is a 229,000 square foot retail center located
at the intersection of North Andrews Avenue and Cypress Creek
Road in North Fort Lauderdale, Florida. Cypress Creek Station
enjoys excellent visibility and access from both Cypress Creek
Road and North Andrews Avenue, which has entrance and exit
ramps to Interstate 95 within a block of the site. Its location
is in the center of the Cypress Creek office market, which
comprises 4 million square feet of office space and 1,500
hotel rooms.
Construction began in April 1996. The initial stores, Just
For Feet and Office Depot, opened in November and December
1996, with the balance of store openings occurring in 1997.
Regal Cinemas built its own facility with 102,000 square feet
of movie theater and entertainment center uses. Regal Cinemas
and the center's five restaurant pad tenants have invested
an estimated $16 million in their buildings.
The Cypress Creek Station site was originally owned by Olympia
& York and had been assembled, planned and permitted as
an office building and hotel project. When the site became
available in late 1994, Swerdlow Group determined that
the highest and best use for the offices and hotels was entertainment
and dining needs to serve the general community in an area
which had no state-of-the art movie theater and a shortage
of restaurants and other services.
The property, which had been known as the Olympia & York
Corporate Park, was subject to a DRI Development Order which
permitted 1,300,000 square feet of office and hotel development,
but also required significant roadway improvements valued
at hundreds of thousands of dollars. The DRI, with all its
obligations, was abandoned (a process which had very little
precedent in the State of Florida) and a retail project with
a movie theater was approved.
The irregular shape of the property proved to be a planning
challenge that was resolved by, in effect, creating two centers.
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