{"id": "m-93689f50b7", "slug": "sarasota-sarasota-square-mall", "type": "mall", "name": "Sarasota Square Mall", "aka": [], "city": "Sarasota", "county": "Sarasota County", "state": "FL", "country": "US", "census_division": 5, "lat": 27.2342, "lon": -82.493, "geocode_method": null, "address": null, "metro": null, "original_use": "mall", "year_opened": 1977, "year_closed": 2024, "acres": null, "gla_sqft": null, "stores_peak": null, "levels": null, "original_developer": "Arlen Realty and Development Corporation", "original_architect": null, "before_notes": "Wikipedia categories: Demolished shopping malls in the United States", "strategy": ["redevelop", "regreen", "reinhabit"], "new_use": ["mixed", "housing", "retail"], "share_retrofit": null, "status": "demolished", "year_retrofit": 2025, "developer": "Torburn Partners", "architect": null, "after_notes": "1,200 apartments, mixed retail", "narrative": "Sarasota Square Mall was a shopping mall near Sarasota, Florida on the northwest corner of U.S. Route 41 and Beneva Road. It opened in September 1977 and closed in late 2024. The mall was demolished in February 2025 with its anchor stores, Costco and JCPenney, operating as freestanding stores.", "narrative_license": "CC BY-SA 4.0", "narrative_source": "https://en.wikipedia.org/wiki/Sarasota_Square_Mall", "zoning_change": "mixed-use", "public_subsidy": null, "entitlement_year": 2023, "planning_notes": null, "wikidata_qid": "Q7988743", "wikipedia": "https://en.wikipedia.org/wiki/Sarasota_Square_Mall", "osm_id": null, "verified": "draft", "verified_by": null, "last_verified": null, "last_updated": "2026-10-18", "created": "2026-10-18", "contributor_name": null, "contributor_org": null, "contributor_link": null, "international": 0, "county_fips": "12115", "opp_score": 5.0, "opp_reasons": ["retrofit already built", "closed or demolished site (sourced)", "already in play: under construction, approved, or sold to a developer with housing plans", "county grew 8.9% 2018–23", "median rent $1,715", "housing in the record"], "for_sale": 0, "distressed": 0, "url": 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"title": "Quoted support for zoning_change", "publisher": null, "date": null, "quote": "Torburn Partners proposed... 1,200 apartments... build-out expected within five to seven years", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18"}, {"id": 4555, "site_id": "m-93689f50b7", "url": "https://en.wikipedia.org/wiki/Sarasota_Square_Mall", "title": "Timeline", "publisher": null, "date": null, "quote": "Arlen Realty and Development Corporation... announced Sarasota Square Mall in 1976", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18"}, {"id": 4556, "site_id": "m-93689f50b7", "url": "https://en.wikipedia.org/wiki/Sarasota_Square_Mall", "title": "Timeline", "publisher": null, "date": null, "quote": "Sarasota Square officially held its grand opening on September 28, 1977", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18"}, {"id": 4557, "site_id": "m-93689f50b7", "url": "https://en.wikipedia.org/wiki/Sarasota_Square_Mall", "title": "Timeline", "publisher": null, "date": null, "quote": "Parisian opened on November 1, 1989", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18"}, {"id": 4558, "site_id": "m-93689f50b7", "url": "https://en.wikipedia.org/wiki/Sarasota_Square_Mall", "title": "Timeline", "publisher": null, "date": null, "quote": "Maas Brothers... rebranded as Burdines on October 20, 1991", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18"}, {"id": 4559, "site_id": "m-93689f50b7", "url": "https://en.wikipedia.org/wiki/Sarasota_Square_Mall", "title": "Timeline", "publisher": null, "date": null, "quote": "Westfield Group acquired the mall in 2003 from then-owners Coyote Group", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18"}, {"id": 4560, "site_id": "m-93689f50b7", "url": "https://en.wikipedia.org/wiki/Sarasota_Square_Mall", "title": "Timeline", "publisher": null, "date": null, "quote": "Westfield refurbished... interior and exterior of the mall", "kind": "wikipedia", 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null, "status": null, "notes": "scope: property", "source_url": "https://en.wikipedia.org/wiki/Sarasota_Square_Mall", "source_title": "Wikipedia", "source_date": null, "quote": "Dillard's... replaced with a Costco... opened on August 17, 2012", "verified": "draft", "retrieved": "2026-10-18"}, {"id": 206, "site_id": "m-93689f50b7", "kind": "sale", "date": null, "year": 2003, "acres": null, "sqft": null, "buyer": "Westfield Group", "seller": "Coyote Group", "broker": null, "lender": null, "loan_maturity": null, "loan_status": null, "listing_url": null, "status": null, "notes": "scope: property", "source_url": "https://en.wikipedia.org/wiki/Sarasota_Square_Mall", "source_title": "Wikipedia", "source_date": null, "quote": "Westfield Group acquired the mall in 2003 from then-owners Coyote Group", "verified": "draft", "retrieved": "2026-10-18"}], "parties": [{"name": "Westfield Group", "kind": "owner", "role": "owner (Wikidata, undated)", "year_from": null, "year_to": null}, {"name": "Unibail-Rodamco-Westfield", "kind": "owner", "role": "owner (from text)", "year_from": 2005, "year_to": 2021}, {"name": "CBL & Associates Properties", "kind": "owner", "role": "owner (from text)", "year_from": 1977, "year_to": 2003}, {"name": "Arlen Realty and Development Corporation", "kind": "owner", "role": "owner (from text)", "year_from": 1976, "year_to": 1977}, {"name": "Coyote Group", "kind": "owner", "role": "owner (from text)", "year_from": 2003, "year_to": 2005}, {"name": "Torburn Partners", "kind": "owner", "role": "owner (from text)", "year_from": 2021, "year_to": 2025}, {"name": "Costco", "kind": "owner", "role": "owner (from text)", "year_from": 2012, "year_to": 2025}], "parcels": [], "context": {"assessment": {"what_happened": "Opened in 1977 as Sarasota Square Mall, the property changed hands multiple times, with anchors like Costco and JCPenney remaining as freestanding stores after the mall’s closure in late 2024. The mall was demolished in February 2025 and the site is being redeveloped by Torburn Partners into approximately 1,200 apartments with mixed retail, following a 2023 entitlement for mixed‑use zoning.", "why": "The record notes repeated closures and a 2020 foreclosure, suggesting financial stress and anchor turnover, but does not explicitly cite competition or debt as causes.", "where_it_stands": "As of the 2025 sale to Costco, the site is controlled by Costco (owner of the property) while Torburn Partners remains the developer of the approved mixed‑use redevelopment.", "for_a_planner": ["Precedent: demolition of a closed mall and conversion to housing with mixed retail.", "Policy tools used: zoning change to mixed‑use and entitlement granted in 2023.", "Open questions: infrastructure capacity for 1,200 units, affordable housing provisions, and any required environmental review."], "for_a_developer": ["Site size: not stated in the record.", "Control: Torburn Partners owned the site until the 2025 sale to Costco; now developing under Costco ownership.", "Entitlement stage: entitlement year 2023 for mixed‑use zoning.", "Constraints: no flood, transit, or environmental data provided in the record.", "Market signals: no tract‑level data (income, rent trends) included in the record."], "risks_and_unknowns": ["Site acreage is missing.", "Floodplain or stormwater information is not provided.", "Transit access and proximity details are absent.", "Environmental constraints (e.g., wetlands, contamination) are not listed.", "Tract‑level market data (income, employment, rent trends) are absent.", "All origin fields are marked as extraction and unreviewed; the record’s verified status is draft."], "data_quality": "partial", "one_line": "Sarasota Square Mall opened 1977, closed 2024, demolished 2025, being redeveloped into 1,200 apartments and mixed retail on the site", "model": "nvidia/nemotron-3-super-120b-a12b", "machine": "NVIDIA API via Hermes CT", "record_sha1": "b465ff1c45d9"}, "edgar": {"query": "Sarasota Square Mall", "city": "Sarasota", "total": 5, "name_only_total": null, "common_name": false, "sampled": 5, "latest": "2011-01-06", "earliest": "2003-09-15", "cmbs": [], "public": [], "other": [{"name": "CHILDRENS PLACE RETAIL STORES INC  (PLCE)", "cik": "0001041859", "n": 1, "first": "2007-12-05", "last": "2007-12-05", "forms": {"10-K": 1}, "cmbs": false, "kind": "other", "sic": "5651", "acc": "0001104659-07-087151", "doc": "a07-20912_4ex10d34.htm", "adjacent": false}, {"name": "COLE NATIONAL CORP /DE/", "cik": "0000769644", "n": 1, "first": "2003-09-15", "last": "2003-09-15", "forms": {"10-Q": 1}, "cmbs": false, "kind": "other", "sic": "5990", "acc": "0000950152-03-008276", "doc": "l03024aexv10w1.txt", "adjacent": false}, {"name": "COLE NATIONAL GROUP INC", "cik": "0000909492", "n": 1, "first": "2003-09-15", "last": "2003-09-15", "forms": {"10-Q": 1}, "cmbs": false, "kind": "other", "sic": "5945", "acc": "0000950152-03-008275", "doc": "l03023aexv10w1.txt", "adjacent": false}, {"name": "COLLECTIVE BRANDS, INC.", "cik": "0001060232", "n": 1, "first": "2010-09-02", "last": "2010-09-02", "forms": {"10-Q": 1}, "cmbs": false, "kind": "other", "sic": "5661", "acc": "0000950123-10-083320", "doc": "c58976exv10w2.htm", "adjacent": false}, {"name": "GameStop Corp.  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