TAMPA — WestShore Plaza's owners have purchased nearby lots for $4.3 million as part of its plans to create a mixed-used development in place of, and surrounding, the former Sears.
The Washington Prime Group bought roughly 2 acres across the street from WestShore Plaza, according to a deed filed with Hillsborough County this month. The mall's owners had outlined renovation plans, and the hopes to buy surrounding property, late last year in zoning and construction documents it filed with the city.
"Owning this parcel, situated at the prime intersection of Westshore's Business District, is beneficial to the previous announcement of a planned mixed-use redevelopment at WestShore Plaza," the mall owners said in a statement. "We are still evaluating options and will announce details in the future."
Bank of America owned the land, and the space is currently home to one of its branches at 100 N West Shore Blvd.
In its zoning applications sent to the city in December, Washington Prime Group wrote that Sears' bankruptcy "created opportunity for WPG to ensure the long-term viability of WestShore Plaza."
WestShore's owners wrote their mixed-use development would maintain existing retail and movie theaters but also create space for an auto center, apartments and offices.
Zoning plans filed on March 11 called for nearly 900,000 square feet of the property be dedicated to retail and another 200,000 for medical offices. It also called for up to 1,126 in residential units, a 240-room hotel and 120,000 square feet of restaurant space.
It's unclear exactly what WestShore plans for its new land as part of the project. Washington Prime did not respond to request for comment.
Contact Sara DiNatale at email@example.com. Follow @sara_dinatale.