600 Residential Units Planned for The Intracoastal Mall
Gil Dezer’s development firm bought the Intracoastal Mall in North Miami Beach for $63.5 million two month ago. The Intracoastal Mall on Northeast 163rd Street across from Oleta River State Park is anchored by a Winn-Dixie supermarket and a TJ Maxx store. The 271,670-square-foot shopping center built in 1986 also sports a movie theater, Dollar Tree discount store and Old Navy. A map on the Intracoastal Mall's website lists 16,400 square feet as vacant.
The Sunny Isles Beach developer Gil Dezer revealed his company’s intentions to add a residential component to the North Miami Beach mall as reported by Daily Business Review. Dezer’s firm plans to build at least 600 residential units at the mall’s 27-acre site.
Any residential development would utilize an existing marina at the mall site, according to Dezer. No more details were disclosed by the developer, who did acknowledge the project would be a change of pace from the luxury condos his company develops in Sunny Isles Beach. Dezer’s Porsche Design Tower is currently under construction in Sunny Isles.
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