The Real Deal Miami

Palm Beach Mall potential white

July 06, 2010 12:00PM

The Palm Beach Mall could be turned into a big-box shopping center

The Palm Beach Mall, which is now under contract to a Luxembourg-based
firm, could become part of a battle over property rights, pitting West
Palm Beach against a private investment company. ORIX, a Japanese
financial services firm, is seeking to turn the mall into a shopping
center of big-box retailers, and has control of all the mall property
except the Dillard’s building. The Dillard’s property is crucial to the
plan because it has the best visibility along I-95, and the city is now
threatening to seize the Dillard’s site using eminent domain. But Turbo,
which is the Luxembourg company that controls it, says it will fight
any action using new state laws that limit the use of eminent domain. [Palm
Beach Post]