Tamarac Square will be torn down to make way for a 135,000 square foot Target Superstore and Diversified Realty, owner of the now empty mall, will renovate an adjacent 33,000 square feet of retail space which will attract additional high-quality retailers.

Upon completion, the developers state that the project will be 98 percent leased.

The development company has also sold a shopping center in San Antonio Texas to Target for the construction of a new store. The company is investing $20 million dollars into the two projects.

Read more at Developers Diversified Realty website.

photo credit: DebMomOf3

Posted in Real Estate Market Conditions, Headlines

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