Business
Simon® Acquires Swire Properties' Interest in the Open-Air Shopping Center at Brickell City Centre
Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, and Swire Properties, Inc., a leading developer of mixed-use, commercial, and residential properties in Miami, today announced that Simon has acquired Swire Properties' interest in the retail and parking at Brickell City Centre.
About this update from Simon Property Group, Inc.
[{"type":"text","content":"INDIANAPOLIS, June 27, 2025 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, and Swire Properties, Inc., a leading developer of mixed-use, commercial, and residential properties in Miami, today announced that Simon has acquired Swire Properties' interest in the retail and parking at Brickell City Centre.","length":411,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":114,"url":"https://media.zenfs.com/en/prnewswire.com/5459098ea48ecdfc430891fcddfa174d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nHh5h9tPRbIkRyIkAI0olQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIwMTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/5459098ea48ecdfc430891fcddfa174d","width":400,"height":114}},"href":"https://mma.prnewswire.com/media/2720389/Simon_and_Swire_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Brickell City Centre is a mixed-use property that has been recognized for its architectural sophistication, spanning approximately five million square feet. This model for integrated urban design features a 500,000-square-foot open-air shopping center, all under its iconic Climate Ribbon™, an innovative canopy that acts as a sunshade, creates airflow, and collects rainwater.","length":377,"tagName":"p"},{"type":"text","content":"Completed in 2016 and located in the heart of the Brickell district of downtown Miami, this preeminent shopping center consists of four levels of world-class dining and entertainment seamlessly interconnected across three city blocks. It is anchored by a Saks Fifth Avenue, with a Casa Tua Cucina location. The property has more than 90 retail stores, including Apple, Chanel Fragrance & Beauty Boutique, Coach, Kirk Jewelers, lululemon, Sephora, Zara, Richard Mille, Sandro and Nike, and more than 15 premium dining and entertainment locations, including Motek, Tacology, The Henry, PuttShack, and a luxury VIP Cinema Experience from CMX.","length":643,"tagName":"p"},{"type":"text","content":"Prior to the acquisition, Simon owned a 25%, non-managing interest in the retail at Brickell City Centre, and, following this transaction, will wholly own and manage the asset.","length...