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Once-thriving regional malls re-envisioned as mixed-use redevelopments

Two prominent Florida properties have traded in 2025 for pennies on the dollar
The Macy’s store at Seminole Towne Center in Sanford, Florida, will soon be redeveloped as a Costco. (CoStar)
The Macy’s store at Seminole Towne Center in Sanford, Florida, will soon be redeveloped as a Costco. (CoStar)
CoStar Analytics
June 10, 2025 | 1:50 P.M.

Across Florida, once-thriving indoor malls are facing functional obsolescence due to spiraling maintenance costs and competition from newer projects that have significantly reduced foot traffic.

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