The Twin City Mall in South Florida could get redeveloped into a mixed-use project. The struggling mall opened in 1971, and since then, many plans have been discussed to replace it. Now, our sources indicate that Village Place could soon come to fruition.
The 14-story project would reach completion in three phases, offering 947 multifamily units and 206 senior living residences. Plans also call for 222 hotel rooms and 131,000 square feet of retail. Both residents and shoppers alike will enjoy the 1.08 acres of open green space.
NP Devland Holdings LLC purchased the 127,282-square-foot shopping center for $19 million in April 2022—equating to $149 a square foot. The property doubled in valued since it last traded hands in August 2021, selling for $8.75 million. Most of the retail plaza is vacant, save for various small businesses and BurgerFi’s headquarters.
The developer is working with both Gensler and 2GHO on Village Place’s design. Village Place cannot exceed more than 1.58 million square feet. The Palm Beach Post notes that construction on Village Place is not expected to start before 2025. It also reports that the project has been met with some controversy, with some local residents concerned about the residential density.
Village Place would be located at 101 U.S. Highway 1, North Palm Beach, FL, 33408, in Palm Beach County.