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Landmark Clearwater Mall Getting $73M New Look

ORLANDO-New Plan Excel Realty of New York and Sembler Co. of St. Petersburg, FL are demolishing the 30-year-old, 927,000-sf enclosed retail center in Clearwater, FL and replacing it with a 788,000-sf open-air shopping site next fall.

By Alex Finkelstein | Updated on October 17, 2002

ORLANDO-Sitting in the middle of Pinellas County on one of the most valuable commercial sites in West Florida, the landmark 30-year-old Clearwater Mall is being demolished and will be replaced with a $73 million, 788,000-sf open-air shopping center next fall.

The mall closed in January of this year, unable to compete with newer, nearby retail enterprises.

Owner New Plan Excel Realty of New York, one of the country’s largest retail development REITS and joint venture partner Sembler Co. of St. Petersburg, FL, one of Florida’s largest developers, are bringing the 74-acre property back to life.

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