By Chris Fish
TITUSVILLE -- Change is coming to the Miracle City Mall, as developers completed a deal to purchase the property last month.
On Tuesday, Jan. 21, Tampa-based AG Development Group and Exxcel Project Management of Ohio purchased the abandoned shopping center from the Karantinos Trust for more than $6 million.
Allen Goins, president and CEO of A.G. Development Group, Inc., said that the shopping center will be completely demolished.
"We are moving forward with the engineering and architectural plans now," he said. "The architect is Cuhaci and Petersen of Orlando, and the engineer is Rodney Honeycutt of Titusville. The project will be a lifestyle mixed-use retail center, with an interior Town Square, that will support civic events, such as art, craft, fashion and musical entertainment shows."
Mr. Allen said that the new center, which will be called the Miracle City Towne Centre, is scheduled to open during the second quarter of 2015.
Miracle City Mall was built during the 1960s and became a staple for the city of Titusville. However, following the closure of the Space Shuttle Program, the shopping complex began to deteriorate, with store closures happening one-by-one.
The last store before the closure was Dave's Hotdog Stand.
The new shopping complex is slated to feature a variety of retail stores, a medical facility, a movie theater and restaurants, with 180,000 square feet for retail space and 22,350 square feet for restaurants.
Demolition could begin as early as March.