Whitman Family Development

Bal Harbour, Fla. — With carefully considered planning, following CDC guidelines and in alignment with state and local officials, Bal Harbour Shops opened on May 18 with increased safety precautions to protect customers, retailers and employees. In keeping with Miami-Dade County and Bal Harbour Village ordinances, retail stores and indoor restaurant seating occupancy will be limited to 50% and salons will limit occupancy to 25%. “For over 55 years, Bal Harbour Shops has maintained an emotional connection with our customer and our community by enhancing the shopping experience. Making our …

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Miami — Holliday Fenoglio Fowler, L.P. (HFF) has arranged $550 million in financing for the expansion of the iconic Bal Harbour Shops, a 463,114-square-foot, open-air, luxury shopping destination anchored by Saks Fifth Avenue and Neiman Marcus along Miami Beach in Bal Harbour, Fla. The loan, borrowed by Whitman Family Development, is one of the largest construction loans ever to close in Miami. Loan proceeds will be used to retire an existing loan and expand Bal Harbour Shops by an additional 300,000 square feet, including a 57,414-square-foot space to be occupied …

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