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boynton beach mall

Boynton Beach Mall could have half the square footage for retail businesses once it’s redeveloped, but it might add apartments, a hotel and offices.

The plans reflect attempts across America to transform malls as fewer people go there to shop. Apartments also are planned at the Coral Square Mall in Coral Springs and at the former Fashion Mall in Plantation.

The Boynton Beach Mall once had tenants including Burdines, JCPenney, Jordan Marsh and Lord & Taylor. But like other malls facing less in-store shopping and an increase in online shopping by consumers, retail tenants have dwindled over the years, with new types of tenants coming in.

“According to city documents, 30 percent of the mall is now vacant, and its proposed redevelopment would not only stabilize it, but make it a desirable destination once again,” said Bonnie Miskel, a lawyer representing primary mall owner Washington Prime.

The proposal would reduce the existing mall square footage for retail from about 1 million square feet to 482,750 square feet, and build separate, mixed-use buildings with retail use on the first floor and residential units above. Developers also would add up to 1,420 residential apartments on the site, along the north end and southwest side of the mall property, and inside the new mixed-use buildings. The redeveloped mall would include a 400-room hotel, 65,000 square feet each of medical office space, and general office space, and 35,000 of new restaurant space.

The master plan and rezoning request for the 116-acre site was filed with the Boynton Beach City Commission, which gave initial approval, but meets again on the plans Jan. 21. Some Boynton Beach residents expressed concerns on the NextDoor app about mounting traffic off Congress Avenue near the mall and that mall redevelopment plans didn’t seem to include any new entertainment venues for the community, such as a park, bowling alley or sports center.

The plan doesn’t affect Macy’s and JCPenney, the two major department stores remaining at the mall, which are owned separately, and Christ Fellowship Church, owner of a former Dillard’s department store space in the mall. The redevelopment would happen over five phases, with the first phase removing the former Sears buildings and adding a 400-unit apartment building, Washington Prime said.

In its proposal for redevelopment, Washington Prime says that “the current use of the property as an aging mall is in steady decline as it no longer meets the needs of the community and is slowly becoming a source of blight in the city.” Occupancy at the mall has dropped by 11.5 percent between 2015 and 2016, according to documents submitted to the city to justify rezoning.

 

Source: Sun-Sentinel

A developer is set to acquire land at the intersection of University Drive and Sample Road in Coral Springs for construction of a hotel, an apartment building, and retail space.

Coral Springs Financial Plaza at University Drive and Sample Road (Credit: Sun-Sentinel)

Developer Ron Sheldon of Boca Raton-based PreDevCo expects to close next month on the acquisition of a seven-acre site on the southwest corner of the intersection.

Sheldon would build a $168 million cluster of developments there, including a 450-unit apartment building and a 150-room hotel  with its own parking garage. He also plans to build retail spaces for a grocery store and a half dozen bars and restaurants. Coral Springs Financial Plaza, a 10-story office building on the southwest corner of the intersection, would be razed.

Sheldon’s development would be part of the city government’s vision of a new downtown district in Coral Springs at University Drive and Sample Road.

Coral Springs, which is preparing to open a new City Hall on the southwest corner of the intersection of University Drive and Sample Road, wants to sell the current City Hall location on the northwest corner to a developer. The city also may acquire a nearby shopping plaza for redevelopment.

In addition, the city plans to find a new location for the Coral Springs Charter School on the southeast corner of the intersection and to sell the land there to a developer.

The northeast corner of University Drive and Sample Road is occupied by the  former location of a Publix supermarket that closed after Hurricane Wilma hit South Florida in 2005.

 

Source: The Real Deal