Miracle Marketplace Explained

Miracle Marketplace
Location:Miami, Florida, United States
Address:3301 Coral Way
Opening Date:1989
Architect:Architectonica International, redesigned by Beame Architectural Partnership in 2003 for opening in 2009
Floor Area:260000square feet[1]
Floors:3

Miracle Marketplace is a shopping mall in Miami, Florida, United States, which opened in March 1989. It is located at 3301 Coral Way (S.W. 22 Street), just a few blocks east of Douglas Road (S.W. 37 Avenue), east of Coral Gables.

History

In 1989, the mall opened as Miracle Center. At the time, it included several chain retail tenants, a movie theatre owned by General Cinema Corporation, and three chain restaurants: Chili's; TGI Friday's; and Fuddruckers.[2] It was designed by Architectonica International in a 1980s Post-Modern style. It had large trapezoidal "clouds" affixed to the façade, but they were removed by new owners when the building was renovated in the mid-2000s.

By 1996, most of the mall's inline tenants had closed due to lack of business. Its developers announced plans to reconstruct the first level as a marketplace with local vendors.[3] At this point, the complex was renamed The Village at Paseos.[4]

In 2000, after the Village at Paseos concept also failed to generate business, Swerdlow Group bought the mall and renovated it as an office space. The offices all closed after the end of the dot-com bubble.[5] [6] The only tenant that remained from the previous mall at the time was Bally Total Fitness.[5]

In 2005, Talisman Companies bought the building and announced plans to rebuild it as a power center. Initial plans included DSW Shoe Warehouse, PetSmart, Office Max, and Ulta as possible tenants.[5]

In 2009, the three-story, 260000adj=onNaNadj=on mall reopened as Miracle Marketplace. Among its tenants were Marshalls, Michaels, Nordstrom Rack, PetSmart, DSW Shoe Warehouse,[7] and Bed Bath & Beyond.[8]

Notes and References

  1. Web site: Nordstrom Rack to Open at Miracle Marketplace in Coral Gables, Florida. 28 April 2009. Trading Markets.com. 12 January 2011.
  2. News: Coral Way shopping center to be rebuilt. Bowden. Marilyn. 29 December 2005. Miami Today News. 2011-01-12 .
  3. News: Retail renovation in store: Famed Miracle Center to get makeover. 5 December 1996. Miami Herald. 2011-01-12 .
  4. News: Paseos: A miracle for Miracle Center?. 6 March 1997. Miami Herald. 2011-01-12 .
  5. Web site: Talisman takes on the former Miracle Center . Stabley, Susan . 2005-07-25 . South Florida Business Journal . 2011-01-12 .
  6. News: Gables mall ready to open one more time. Bowden. Marilyn. 6 October 2005. Miami Today News. 2011-01-12.
  7. Web site: DSW Designer Shoe Warehouse Opens in Miami, Florida . 2010-03-16 . PR Newswire. 2011-01-12 . dead. https://web.archive.org/web/20120404195328/http://www.istockanalyst.com/article/viewiStockNews/articleid/3954365. 2012-04-04 .
  8. News: Miracle Marketplace developers hoping fourth time is charm, planning for March grand opening. Fernandez. Yudislaidy. 2 October 2008. Miami Today News. 2011-01-12 .