The Falls

Life Time Fitness occupies the anchor space that Bloomingdale’s vacated at The Falls, and that substitution is the most commercially significant development at the property in recent years. A full-service Life Time club — with pools, tennis courts, group fitness, spa, and family programming — is not a standard retail anchor: it generates daily-visit patterns among high-income members rather than the periodic shopping trips that a department store produces. At this open-air lifestyle centre on South Dixie Highway in South Miami, the departure of Bloomingdale’s has been replaced by a wellness anchor that fundamentally changes the visit frequency dynamics for the surrounding inline tenancy.

The co-tenancy consequences are structural. Daily Life Time members generate morning, lunchtime, and evening traffic across the week that adjacent inline tenants can monetise at visit frequencies that a mall dependent on department stores alone would not sustain. The Fresh Market grocery anchor reinforces the daily-visit logic; True Food Kitchen and Sweetgreen serve the health-oriented Life Time member demographic at premium price points. Macy’s, with a Macy’s Backstage off-price section, provides the traditional department store anchor alongside the lifestyle formats. Apple, Coach, lululemon, Brooks Brothers, and PacSun hold the fashion and specialty positions; Sandbox VR, Build-A-Bear, and BJ’s Restaurant and Brewhouse extend the family leisure and dining offer.

The Falls is an open-air centre on approximately 76,000 square metres in South Miami, with waterfall features and subtropical landscaping. The US-1 South Dixie Highway location connects the property to the Pinecrest, Palmetto Bay, and South Miami residential corridor — an upper-income suburban catchment whose income profile is consistent with the Life Time and premium F&B positioning.

For the South Miami-Dade trade area south of Dadeland, The Falls is the primary open-air lifestyle destination — a different format and co-tenancy logic from Dadeland’s enclosed super-regional positioning 15 minutes north. Simon Property Group’s Life Time wellness anchor and The Fresh Market daily-use driver reflect the approach to replacing legacy department store anchors with formats that sustain footfall through daily-use commercial mechanisms.