Florida mall's $1 billion redevelopment is stuck in limbo. Here's why. скачать в хорошем качестве

Florida mall's $1 billion redevelopment is stuck in limbo. Here's why.

For decades, Orlando Fashion Square Mall was the heartbeat of the city’s retail scene. From first dates at the cinema to back-to-school shopping at the height of the 1970s and 80s mall culture, it was the place to be. Today, the palm trees are dying, the massive parking lots are desolate, and the building’s exterior is in desperate need of a pressure wash. With the recent news that the Premiere Cinema 14—the mall’s last major foot-traffic driver—is closing on March 12, 2026, many residents are asking: why hasn’t this “eyesore” been torn down yet? The answer lies in a complicated real estate standoff. Unicorp National Developments owns the land beneath the mall, but it doesn’t own the buildings. Those “improvements” are owned by Bancorp, which holds a land lease that doesn’t expire for another 25 to 30 years.