A new Martin County Board of County Commissioners redevelopment study proposes transforming Treasure Coast Square from a traditional indoor mall into a walkable mixed-use destination featuring apartments, restaurants, open-air shopping, entertainment areas, and public green space. The conceptual plan was created by the Treasure Coast Regional Planning Council with county officials and Simon Property Group. Recent activity at the site includes partial demolition efforts, while key stores remain open during the transition.
Village-Style Layout for Treasure Coast Square
The proposal would gradually demolish much of the enclosed mall and replace it with a village-style layout similar to Mizner Park, CityPlace, and Abacoa. The redesigned site would feature outdoor dining, pedestrian promenades, tree-lined sidewalks, and central green spaces, echoing trends seen in new development projects coming soon to the region.
A public amphitheater is also part of the conceptual design. One phase would demolish Macy’s and replace it with housing and entertainment space centered around the large amphitheater.
Residential Units and Retail Changes
Key details from the proposal include:
- Up to 760 residential units
- Outdoor dining and pedestrian promenades
- Tree-lined sidewalks and central green spaces
- A public amphitheater
- Reduced retail space, cutting commercial square footage roughly in half
- Retention of some anchors like Dillard’s, JCPenney, Regal Cinemas, and Elev8 Fun during phased redevelopment
Declining Property Value and Housing Demand
The study notes the mall has faced declining value and shifting consumer habits affecting malls nationwide. The property’s taxable value dropped nearly 21% between 2017 and 2022.
Housing demand and Florida’s Live Local Act were also cited as factors influencing redevelopment pressure. Similar to other entertainment and mixed-use projects in the area, such as the evolving Port St. Lucie entertainment project, these trends are shaping the region’s future.
Conceptual Stage With No Formal Application
The proposal is still conceptual, and no formal redevelopment application has been submitted. Any residential project would require zoning and land-use approval from Martin County commissioners.
Frequently Asked Questions About Treasure Coast Square Redevelopment
What is the Treasure Coast Square redevelopment proposal?
The conceptual plan would gradually demolish much of the enclosed mall and replace it with a village-style layout similar to Mizner Park, CityPlace, and Abacoa. The redesigned site would include apartments, restaurants, open-air shopping, entertainment areas, and public green space.
How many residential units are included in the plan?
The proposal includes up to 760 residential units as part of the mixed-use redevelopment.
Which anchor stores would remain during construction?
Some anchors like Dillard’s, JCPenney, Regal Cinemas, and Elev8 Fun would be retained during phased redevelopment.
Has a formal application been submitted for the mall redevelopment?
No formal redevelopment application has been submitted. Any residential project would require zoning and land-use approval from Martin County commissioners.
How much has the property’s taxable value changed?
The property’s taxable value dropped nearly 21% between 2017 and 2022.
Port St Lucie Talks
