Now, General Growth Properties, a Chicago - based real - estate investment trust that owns, manages, leases and develops high - end retail properties throughout the United States, and New York - based Ashkenazy Acquisition Corp., which specializes in trophy and
iconic retail properties in prime luxury locations around the country, have formed a joint venture to acquire the minority interest in the district that is transforming into an ultra-luxury shopping area.
The Tribute Portfolio brand's debut
property, the
iconic Royal Palm South Beach Miami, boasts direct beach access to world famous South Beach and is ideally located on Collins Avenue, steps from Ocean Drive and the area's luxury
retail shopping and entertainment district.