The Orlando Fashion Square is up for sale, after multiple years of vacancy and multiple plans to redevelop the space. The two-story, 625,000-square-foot enclosed mall is located between downtown Orlando and the Baldwin Park neighborhood. The property was listed by Edge Realty Partners, a real-estate management company based in Dallas, Texas. The mall opened its doors in July 1973 with a stand-alone Sears and has been the region’s longest-standing enclosed mall, according to Edge’s website.PREIT sold the mall in 2013 to UP Development, who added several tenants. Plans ensued to build a hotel in the space as well. Dillard’s, however, converted its store to a Clearance Center in 2014 after Sears and JCPenney closed. The Property eventually went into foreclosure and subsequent bank ownership, Edge wrote on their website.The mall’s JCPenny closed in 2020 after filing for bankruptcy during the pandemic. In 2021, the property’s owner submitted a proposal to revitalize the mall by adding new shops and an outdoor plaza.Edge Realty wrote that the property has multiple investment benefits, including over 74 million visitors to Orlando annually, an ideal location, a national grocer tenant interested in the property, close proximity to the Orlando Executive Airport, and household incomes of over $100K within a one-mile radius.The mall provides an opportunity for the future owner to create a $500 million mixed-use development.
The Orlando Fashion Square is up for sale, after multiple years of vacancy and multiple plans to redevelop the space.
The two-story, 625,000-square-foot enclosed mall is located between downtown Orlando and the Baldwin Park neighborhood.
The property was listed by Edge Realty Partners, a real-estate management company based in Dallas, Texas.
The mall opened its doors in July 1973 with a stand-alone Sears and has been the region’s longest-standing enclosed mall, according to Edge’s website.
PREIT sold the mall in 2013 to UP Development, who added several tenants. Plans ensued to build a hotel in the space as well.
Dillard’s, however, converted its store to a Clearance Center in 2014 after Sears and JCPenney closed. The Property eventually went into foreclosure and subsequent bank ownership, Edge wrote on their website.
The mall’s JCPenny closed in 2020 after filing for bankruptcy during the pandemic. In 2021, the property’s owner submitted a proposal to revitalize the mall by adding new shops and an outdoor plaza.
Edge Realty wrote that the property has multiple investment benefits, including over 74 million visitors to Orlando annually, an ideal location, a national grocer tenant interested in the property, close proximity to the Orlando Executive Airport, and household incomes of over $100K within a one-mile radius.
The mall provides an opportunity for the future owner to create a $500 million mixed-use development.
