Aetna Realty Group

Downtown Miami Macy's To Get Two 50 Story Towers

March 08, 2018 in Downtown Miami, Flagler Street, Miami

Earlier this year in January, it was announced that the Downtown Miami Macy's would be closing.

After purchasing the two buildings in 2013 for $15.55 million, Aetna Realty Group plan on building a 50 story tower and a 55 story tower, according to Miami Today.

Aetna Realty Group is debating whether to build two new buildings or renovate and build over the existing buildings. Either way, the towers would consist of retail, office, hotel and residences.

The two lots are zoned for two 80 story buildings.

Downtown Miami Macy's To Close

January 04, 2018 in Downtown Miami, Miami, Flagler Street

The Downtown Miami Macy's located at 22 East Flagler Street will be closing within the next 8-12 weeks, according to The Miami Herald.

The Macy's was originally a Burdines department store with the existing store on the East side of North Miami Avenue being built in 1936 by architects E.L. Robertson and J.R. Weber. The lot across the street was purchased in 1946 and again designed by E.L. Robertson and J.R. Weber in the Streamline Moderne design that connected the two buildings by a three level bridge over North Miami Avenue.

The two buildings on 72,000 square feet of land created 467,158 square feet of interior space.

After changing the name to Macy's from Burdines in 2005, the buildings were last purchased for $15.55 million in 2013 by Aetna Realty Group.

The two lots are zoned for two 80 story buildings.