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Now that you've let sink in the news that Barney's New York will be opening at Bal Harbour Shops, it's time for an update. The 50-year-old luxury mall has released the latest renderings of its expansion, so here are ten things you should know about the proposed plans, which have yet to be approved by Bal Harbour's Village Council:
- The expansion will will add 400,000 square-feet to Bal Harbour Shops, which hasn't been updated since the 80s.
- Barney's New York will open there, as will a number of new boutiques and stores, reports Curbed Miami. Neiman Marcus and Saks Fifth Avenue will also undergo expansions.
- One of the parking lots will be turned into a pedestrian friendly plaza lined with bougainvilleas, and a new entrance on Collins Avenue will be added which will reportedly minimize traffic about 15 percent.
- While there are starkly modern touches, expect a lot of Bal Harbour's signature greenery.
- The developer wants to swap land and build more retail on the site of Bal Harbour's village hall, which will be moved elsewhere, reports the Herald.
- The developer would like to construct one public park.
- The project will most likely cost around $400 million, however there are no set plans since everything needs to be discussed with Bal Harbour's village council and a popular referendum.
Bal Harbour Shops hasn't been updated since the 80s, Matthew Whitman Lazenby tells the Miami Herald, and while the mall is beautiful, it still needed a bit of a modern upgrade to keep up with all the new retail projects popping up, like the Design District, Brickell City Centre, and Miami Worldcenter.