The Palm Beach Mall is set to be demolished in about two months as developers plan to replace it with the Palm Beach Fashion Outlets.

All 1.2 million square feet of the enclosed, traditional mall off interstate 95 will be torn down in order for the 1.1 million-square foot outdoor mall to be built. Developers plan for the mall to house both outlet stores and traditional retailers.

The new project will cost an estimated $150 million and will bring life and jobs to the neighborhood.

The new owners of the property originally planned to renovate the mall, but citing too much competition in the enclosed mall  market, opted for an outdoor mall instead. Construction starts this fall, and the first stores are scheduled to open in the fall 0f 2013.

Source: The Palm Beach Post