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Sarasota Square Mall Redevelopment
Update
05/18/23
Developer Submits Plan to Redevelop Sarasota Square Mall
Northbrook, Illinois and Fort Lauderdale, Florida-based developer Torburn Brothers, has submitted a plan to redevelop Sarasota Square Mall. The vacant mall would be transformed into a town center-style mixed-use development that will feature 1,200 market rate apartments according to a developer’s plans. In addition to the apartments, the community would include as much as 500,000 square feet of retail, restaurant and office space. The structure of the vacant mall would be demolished, and the open-air community would replace it. The apartments would be phased in over five to seven years. The new development, which would reduce the retail space by approximately 300,000 square feet compared to the mall, would not include the Costco store and fuel outparcel, AMC Theaters, the JC Penney building and a bank outparcel.
