INDIAN RIVER COUNTY, Fla. — Many Treasure Coast residents might remember when the Indian River Mall was in its heyday, booming with shoppers. But in recent years, it has become a ghost town.
While many popular stores may be gone from the mall, county commissioners believe what will be replacing them will not only benefit Indian River County but also attract visitors.
Now, new owners are hoping to transform the mall property and not just with new stores.
Indian River County Commissioner Joe Earman some of the ideas for the property involve "chain restaurants, private restaurants, chain stores, private stores."
These are just a few of the ideas Earman said DTS Properties has in store for the once-thriving mall.
With this project, the county is anticipating that it will create jobs.
"We're going to have to be on our game to help find housing for employees and people who work in these fields," Earman said.
The new mall owners are asking to rezone the property to build apartments and some kind of education center. They also want to build a 45-foot hotel, which is higher than the current limit of 35 feet.
"We're willing to talk to them about it," Earman said. "We're willing to have the conversation."
Earman said the owner has already put up nearly $20 million into improving the mall. It's something Earman said shows how serious they are about turning the mall into a destination once again.
Much of what the new mall owners want to do at the site still needs county approval.
There is no timeline right now for when that will happen.
Matt Sczesny is determined every day to help you find solutions in Florida's coverage collapse. If you have a question or comment on homeowners insurance, you can reach out to him any time.
Read WPTV's latest "Coverage Collapse" stories below:
-
Study says you have to work this many days to afford deposit on a Florida home
Have you ever wondered how many days you'd have to work in Florida just to save a down payment for a home? A new report by Leave the Key sheds some light on the question.
US inflation steady at 2.4% amid tariff concerns, BLS reports
As inflation holds steady, many economists anticipate potential price hikes in consumer goods in the months ahead as tariffs take effect.
Many families rethinking their spending on subscriptions
Americans are spending more and more money on monthly subscriptions, from Netflix and Hulu to services like DoorDash and meal delivery plans. But CNET has found some easy ways to cut those costs.
Energy costs could rise this summer; what you can do now to save on your bills
As temperatures begin to climb, families are beginning to brace for the heat and the hit to their wallets — thanks to soaring energy costs. Here are some ways to save.
