 CRE-sources Orlando A major redevelopment of the Indian River Mall in Vero Beach is expected to move into its next stage soon, with demolition of the former Sears and Macy’s sections anticipated to begin once final county permits are issued.
The project, led by One Investment Group, will convert portions of the aging enclosed mall into a 250,000-square-foot open-air retail center. Plans call for replacing the vacant department store space with a redesigned retail environment that will include new shops, services and a drive-through restaurant.
Sprouts Farmers Market has already been identified as one of the tenants planned for the redeveloped property.
Work will focus on the eastern side of the mall, while the western portion, including the food court and AMC Theater, is expected to remain open during this phase.
According to the development team, the full transformation is projected to be completed between 2027 and 2028.
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