Business

A Broward shopping mall is closing and the businesses are moving elsewhere

The last of the businesses at the once-popular Festival Marketplace mall in Pompano Beach are packing up to leave as the decades-old retail spot that hosted boutiques, jewelers, electronics, furniture shops and eateries nears a June 1 shutdown.

The vast marketplace at 2900 W. Sample Rd.m just east of Florida’s Turnpike, will be demolished to make way for three warehouses after the city completes a lengthy review process for an industrial development undertaken by Foundry Commercial, a national real estate development firm that maintains offices in Miami and Boca Raton.

According to signs posted on the doors of the Festival Marketplace, vendors are migrating to the Lauderhill Mall, part of broad portfolio of retail properties owned by IMC Equity in South Florida and elsewhere in the state.

For the full story, go to SunSentinel.com

Festival Marketplace in Pompano Beach is being vacated and the flea market building will be torn down and the site used for industrial warehousing.
Festival Marketplace in Pompano Beach is being vacated and the flea market building will be torn down and the site used for industrial warehousing. Carline Jean /South Florida Sun Sentinel
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