Simon Property Group has placed the Boynton Beach Mall on the chopping block, making it the second mall in Palm Beach County to be listed in less than two years.
The Palm Beach Post notes that the 26-year-old mall, on the west side of Congress Avenue, was bustling until new stores grew around it in recent years. What was once cow pasture on the east side of Congress Avenue is now homes, restaurants and stores including SuperTarget and Best Buy.
There is no purchase price attached to the site, which faces challenges due to the fact that there are multiple owners.
In addition to Simon Property Group, retailers including Macy’s are also owners.
Indianapolis-based Simon closed the Palm Beach Mall in 2010.
No comments:
Post a Comment