Palm Beach Mall’s transformation is official

Palm Beach County’s oldest mall is officially getting transformed into an outlet mall, WPBF 25 News reported, the only one between Vero Beach and Sawgrass. Developers New England Development, Eastern Real Estate and Lubert-Adler acquired the site for $40 million in June, and confirmed previous reports today that they will redevelop the 80-acre, vacant site on Palm Beach Lake Bouelvard in West Palm Beach, and call it Palm Beach Fashion Outlets. They expect to open in 2013 and land Saks Fifth Avenue, Neiman Marcus’ Last Call and Nordstrom Rack, among others, according to West Palm Beach Mayor Jeri Muoio. [WPBF]