In Florida and across the country, traditional shopping malls are facing difficulties, while other kinds of retail real estate projects are booming. However, the owners of classic malls like the Santa Rosa Mall are looking towards new options to revitalize their storefronts. In addition, by constructing a large apartment complex on the site, mall owners are changing the face of the project toward the walkable, live-work concepts that are propelling large-scale residential construction across the country.
Reflecting these changes, the new tenants at the mall in the Florida Panhandle reflect a wide range of services that move beyond clothing and toy sales. Among the companies coming to the mall include a video and audio production studio, a dance studio and a hair salon. These new tenants are planned as part of the integration into the mixed-use development in progress, which will include housing, restaurants, retail and a wide range of services. These types of developments replicate the classic appeal of a downtown space, even while also including mall-style attributes.