Saks Fifth Avenue Faces Eviction in Miami over $1.9 Million in Past Due Rent

A Miami-area shopping mall is attempting to evict Saks Fifth Avenue, saying the retailer hasn’t paid rent since March and owes approximately $1.9 million in unpaid rent. Saks told its landlord, Bal Harbour Shops LLC, that it couldn’t make lease payments due to the effects of the Covid-19 pandemic. But the mall owner said that the high end department store is currently open and was still generating revenue. Bal Harbour said that the store generated more revenue in June 2020 than it did in the previous year. Saks Fifth Avenue does not believe that the landlord has acted appropriately and in good faith for the current situation.

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