Midtown Group has purchased the site of a former Sears store at Broward Mall in Plantation for $28 million. The 17.8-acre property, located on the north side of the mall at 8000 W. Broward Blvd., was sold by Seritage SRC Finance, which manages Sears’ real estate assets.
According to reports from South Florida Business Journal, Midtown Group is known for successfully transforming an old rail yard into Midtown Miami, a thriving neighborhood in the city.
The shuttered Sears store had been in business for 40 years before closing its doors in 2018. The building has since been partially demolished and is currently only a shell structure.
Meanwhile, ownership of Broward Mall remains with a lender after it was foreclosed upon in 2022. However, other big box stores such as Dillards, Macy’s and JCPenney are still owned by separate parties.
There is potential for redevelopment at Broward Mall as it sits on prime land that could be used for mixed-use projects within central Broward County.
