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The Falls is an open-air shopping mall located in the Village of Palmetto Bay, Florida, southwest of the city of Miami, Florida. The mall has over 100 upscale stores; its anchor stores are Macy's, Bloomingdale's, and United Artists Theaters, and is currently managed and partially owned by the Simon Property Group.
[edit] History
The Falls opened in 1980 as an upscale, open-air plaza. In 1984 the first anchor store, Bloomingdale's, was added, bring the center to 450,000 ft². Bloomingdale's closed in September 1992 after the store was severely damaged by Hurricane Andrew, but it later re-opened in late 1993. Macy's opened a store in 1996 during an expansion that double the size of the shopping center.
The center was sold in December 1997 to Taubman Centers, which transferred ownership in 1998 to the GM Pension Trust. Taubman continued to manage the center until 2004, when the GM Pension Trust sold a half-interest in The Falls to The Mills Corporation, which also assumed management. In 2007 Simon Property Group and Farallon Capital Management acquired The Mills, and Simon assumed management of The Falls.
[edit] Anchors & Major Tenants
[edit] External links
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