Homebuilidng company Lennar is set to become the buyer of the Boynton Beach Mall, a company spokesperson confirmed to WPTV.
The company plans to develop "a vibrant mixed-use community" on the 91-acre site. a Lennar spokesperson said in a statement. The company said the development could help "alleviate Palm Beach Countys severe housing shortage."
The purchase is expected to be completed by "early" 2027, according to a Lennar spokesperson.
"Although planning is in the early stages and we look forward to stakeholder feedback, our vision is to take advantage of this unique opportunity with a mix of single-family attached housing opportunities, complemented by retail, commercial, open space and civic uses that will create a walkable, connected environment," the statement said.
RELATED VIDEO: Boynton Beach Mall tenants told to leave by Jan. 15 as questions surround property's future
After 41 years, Boynton Beach Mall faces questions about what's nextTenants of the mall which opened more than four decades ago recently received lease termination notices instructing them to vacate the building by mid-January, WPTV previously reported earlier this week.
