MIAMI, April 30, 2015 /PRNewswire/ -- Increasing their investment in a city that's a growing hub for international trade and finance, EDENS has purchased the Whole Foods Market at Met 3, part of the Metropolitan Miami development. Four hundred residential units are currently under construction on top of the community-focused grocery store.
Downtown Miami has grown from an area that was once business district-focused into a booming 24-hour city with permanent residents, a strong daytime population and an active nightlife. The combination of urbanites and international visitors brings a sophisticated air to the city.
"Whole Foods has seen record-breaking traffic and sales since it opened, catering to the cosmopolitan Miami spirit," says Jami Passer, Managing Director at EDENS. "We are excited to be investing in downtown Miami and be a part of the emerging urban vitality."
EDENS is entrenched in the Miami market, owning and operating 11 retail centers including Fifth & Alton in South Beach.
EDENS develops, owns and operates community shopping centers in primary markets across the country. Focusing on innovative development and redevelopment together with key acquisitions in urban areas, the company has built an institutional-quality portfolio of 136 retail centers. EDENS has regional headquarters in Boston, Washington, D.C., Atlanta, Miami, Houston and Columbia, SC. For additional information about the company and its retail real estate portfolio, please visit www.edens.com.