Urban X Group Celebrates Grand Opening Of River Landing Shops & Residences On The Miami River

Urban X Group and the Toronto-based H&R Real Estate Investment Trust have officially celebrated the grand opening of River Landing Shops & Residences, located at 1400 NW River Drive along the Miami River. The announcement comes on the heels of the projects completion earlier this year where the first phase of retailers were allowed to open in May 2020. The ownership team delayed the official grand opening for the project until retailers were more comfortable with the economy in the post-COVID-19 world. The project originally broke ground in March 2017 and cost roughly $425 million to develop.

River Landing Shops & Residences brings in excess of 2.2 million SF of total development to the Miami River including 528 market-rate apartments; 135,000 square feet of office space; 345,000 square feet of retail; and, 2,200 parking spaces. The retail component of the project is currently 70% leased. Retail tenants include Publix, Chase Bank, Planet Fitness, TJ Maxx, AT&T, West Marine, Ross Dress For Less, Burlington Stores, Chick-Fil-A, Old Navy, Ficellas Bakery, Five Below and a Hobby Lobby. The project will also bring a 50’ wide linear park designed by Savino & Miller Design Studio, who is the landscape architect for the project.

Leasing for the office component at River Landing Shops & Residences launched in August 2020 with the first residents moving into the residential component in October. The residential component is managed by Lantower Residential, a subsidiary of H&R REIT.

River Landing Shops & Residences Unveils Waterfront "Restaurant Row" On The Miami River

The already under-construction River Landing Shops & Restaurants, being developed by River Landing Development including the Coral Gables-based UrbanX Group and Coralee Penabad along with H&R REIT, and Matthews Southwest, have revealed a waterfront “Restaurant Row,” further engaging the Miami River. The project, which is located at 1400 NW River Drive, will offer 25,500 SF of leasable restaurant space to bring 7 restaurants ranging from fine dining, family-style, cafes and fast casual concepts. River Landing Shops & Residences originally broke ground in March 2017 and will bring a total of 2 million SF of total development including 528 market-rate apartments, 2,200 parking spaces and a large retail component featuring a Publix, Chase Bank, TJ Maxx, AT&T, West Marine, Ross Dress For Less, Burlington Stores and a Hobby Lobby. The project will also bring plenty of green space to the area including a 50’ wide linear park with Savino & Miller Design Studio as the landscape architect for the project. River Landing Shops & Residences was originally designed by Jonathan Cardello of Stantec with BC Architects as the architect of record. Completion and opening is expected for early 2020.

Construction on Mixed-Use River Landing Shops and Residences To Begin By End-Of-Year

Construction on River Landing Shops and Residences is set to begin by the end of the year (2017) in Miami's Health District. Foundation work began earlier this year at the 8.14-acre site on the Miami River located at 1400 NW River Drive. River Landing Shops and Residences will include 475 apartment units and 426,000 SF of retail and restaurant space. Balfour Beaty PLC won a $260 million contract to build the project which is being developed by H&R REIT, Urbanx Co. and Matthews Southwest; who reached a settlement with Andrew Hellinger's River Landing Development which originally purchased the land in 2014 for $26 million before taking a $38.2 million mortgage on the property from an affiliate of New York-based Northstar Realty Finance, Eastwatch Holdings T LLC. Eastwatch Holdings T LLC. filed a $38.19 million foreclosure lawsuit against River Landing Development to which the mortgage was sold to River Landing Acquisitions, an affiliate of Canada-based retail developer H&R REIT. Major tenants will include a Publix, TJ Maxx, West Marine, At&T, Burlington Coat Factory, and an AMC Theater, amongst others. Completion is expected in Fall of 2019.