Saturday, January 30, 2010

Palm Beach Mall closing forever

West Palm Beach - The Palm Beach Mall will be closing down after Sunday. Many people have memories when this was the premier Shopping Mall in Palm Beach County. However those days are long gone.

Two stores that have longterm leases, JC Penney and George's Music and a Firestone Complete Auto Care on an outparcel portion of the Mall, will remain open for now. However the sad news is the mall will close.
ORIX, is the mortgage servicer for the mall, will take over from the Simon Property Group.
The future of this West Palm Beach Commercial Property is unclear, however there have been talks of a completer tear-down. At that point it would be possible for big box stores and offices.
By Frank Kilwin