Retrofit Atlas

Malls · Florida

Santa Rosa Mall

Imported, unreviewedRedevelopedOperatingMary Esther, FL

Santa Rosa Mall opened 1976, lost anchors, closed 2025, slated for housing/retail redevelopment under Stirling Properties. · summary, model-written

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Site profile15 elements · what this retrofit is built with · tap a chip for the evidence

Former anchors
JCPenneyThis site: JCPenney wikipedia · all sites with this
SearsThis site: Sears wikipedia · all sites with this
Finance and pipeline
On FacebookThis site: …https://www.facebook.com/153351138036587 overture · all sites with this
Website aliveThis site: …http://www.santarosamall.com/ overture / http check · all sites with this
Place
15-minute neighbourhood (5+ of 6 daily needs within 800 m)This site: 5/6 openstreetmap · all sites with this
Grocery within 800 mThis site: 3 stores openstreetmap · all sites with this
High hurricane riskThis site: Very High fema-nri · all sites with this
High natural hazard risk (FEMA NRI)This site: Relatively High; hurricane, tornado, lightning fema-nri · all sites with this
High tornado riskThis site: Relatively High fema-nri · all sites with this
Tract house prices doubled in 10 yearsThis site: +162% fhfa · all sites with this
Scale
Building footprint 50,000+ m²This site: 66,671 m² overture · all sites with this
Strategy
RedevelopedThis site: There is also a 10-screen Regal cinema outside the mall, which did not close and will remain open as the main site is redeveloped. extraction · all sites with this
New use
Entertainment and sportsThis site: There is also a 10-screen Regal cinema outside the mall, which did not close and will remain open extraction · all sites with this
HousingThis site: is redeveloped. The area is planned for redevelopment with apartments, shops and restaurants. extraction · all sites with this
Retail (continued)This site: …new_use field extraction · all sites with this

All elements and lists · Trends

Now

StatusOperatingextracted, unreviewed
documented
On July 28, 2025, Santa Rosa Mall announced it would be closing in September 2025.

en.wikipedia.org

StrategyRedevelopedextracted, unreviewed
documented
The area is planned for redevelopment with apartments, shops and restaurants.

en.wikipedia.org

New useshousing, retailextracted, unreviewed reported
What is there nowThere is also a 10-screen Regal cinema outside the mall, which did not close and will remain open as the main site is redeveloped.extracted, unreviewed
documented
There is also a 10-screen Regal cinema outside the mall, which did not close and will remain open as the main site is redeveloped.

en.wikipedia.org

Planning

Planning notesThe area is planned for redevelopment with apartments, shops and restaurants.extracted, unreviewed reported

Deals and debt

DateEventPricePartiesSource
1997Sold—Jim Wilson & Associates ← California Public Employees Retirement SystemWikipedia
1987Sold—California Public Employees Retirement System ← Jim Wilson & AssociatesWikipedia

Securitised debt and public filers

Filings (2001 to date) that name “Santa Rosa Mall” and “Mary Esther” (23 hits, first 23 sampled, 8 other filers such as tenants left out). Only weak matches to commercial-mortgage trusts: the mall may have backed a securitised loan, or may just be mentioned in the filing; several trusts usually means one loan split into pari-passu notes. Earliest trust filing in the sample 2004-09-14 (a sample date, not the issuance date); candidate loan vintage 2004 from the trust name (weak match). Whether the loan is still in the pool, in special servicing or repaid is in the trust's monthly distribution reports, which are not searchable here. Text matches, not a title search. Open the search · all trusts.

KindFilerFilingsDatesForms
CMBS trust (weak)BANC OF AMERICA COMMERCIAL MORTGAGE INC32004-09-14 to 2004-09-228-K 3
CMBS trust (weak)Banc of America Commercial Mort. Pass through Certificate Series 2004-432004-10-26 to 2004-10-268-K 3

Site context

Transit within 800 mno rail station; 1 bus stops within 400 mOpenStreetMap
FEMA flood zoneX · AREA OF MINIMAL FLOOD HAZARDFEMA NFHL
EPA-regulated facilities within 500 m5: LOGAN'S ROADHOUSE RESTAURANT; LOGANS ROADHOUSE; RENAISSANCE SANTA ROSA; SEARS; SHELL FOOD MARTEPA FRS
Census tract 120910229003,998 people, 1,949 per sq mi; median household income $74,192; median gross rent $1,447; 34% renters; 12.1% vacant units; 0.1% commute by transitACS 2023 5-year
Walkability (EPA, block group)index 10.7 of 20; 88 intersections per sq mi; no transit stop within the EPA search radius; land-use mix 0.89; 14,927 jobs within 45 min by car; 5% of households without a carEPA Smart Location
Within a 10–15 minute walk (800 m)5 of 6 daily needs: 3 grocers, 1 schools, 3 parks or playgrounds, 0 health, 1 civic, 11 food and drink; 0 cycleway segments, 17 sidewalk-tagged segmentsOpenStreetMap
Opportunity ZonenoHUD
Housing permits, Okaloosa County (FL), 2024175 units in 5+ unit buildings, 40 in 2–4, 1,053 single-family; 2023: 1,414 in 5+Census BPS
Social vulnerability (CDC SVI 2022, tract)overall percentile 0.49; socioeconomic 0.48; housing and transport 0.50; 11% below 150% of poverty; 3% of households with no vehicleCDC/ATSDR
Overture Mapsplace Santa Rosa Mall (shopping_mall, confidence 0.99, from Overture, Overture-signals, meta); building footprint 66,671 m²Overture (CDLA-Permissive 2.0)
Website and socialwww.santarosamall.com (alive); archived 2001–2026 (Wayback) · social: facebookOverture / Internet Archive
Attention: Wikipedia page views20,239 since 2015; 2,678 in the last 12 months (+11% vs the prior 12); peak 2025-10 with 540Wikimedia
Tract change 2013–2023population -8% (4,359 → 3,998); median income +37% ($54,096 → $74,192); renters 33% → 34%; median home value +45% ($168,900 → $244,500)Census ACS 5-year
Natural hazard risk (FEMA National Risk Index, tract)relatively high overall (score 94.5); expected annual loss $4.3M; high: hurricane, tornado, lightning; community resilience relatively lowFEMA NRI
Tax-credit housing within 1 kmnoneHUD LIHTC
Retail trade in the county, 2025 (BLS QCEW)12,009 jobs in 860 establishments; average annual pay $40,223; employment location quotient 1.36; employment -2.8% on the yearBLS QCEW 2025, NAICS 44-45, private
Jobs located in the tract, 20226,074 jobs; 708 in retail trade, 569 in accommodation and food (workplace blocks summed to tract 12091022900)Census LEHD LODES8 WAC 2022
Upward mobility (Opportunity Atlas, 2010 tract)children of low-income (25th percentile) families reached the 42th income percentile as adults; 5.8% incarcerated at the 2010 count (459 children in the sample); born 1978–83, measured 2014–15Opportunity Insights
Food access (USDA FARA 2019, 2010 tract)not a low-access tract at 1 mile; 6% of residents more than 1 mile from a supermarket; poverty rate 11.4%; median family income $68,264; 175 SNAP householdsUSDA ERS
SchoolsOkaloosa County School District (PK-12); 2 public schools within 1 mile: MARY ESTHER ELEMENTARY SCHOOL; OKALOOSA ACADEMYNCES EDGE
Elevation32 ft above sea level at the site pointUSGS 3DEP
Storm events in the county, 2016-2025124 county-logged events: 78 thunderstorm wind, 28 flash flood, 10 tornado, 6 hail; $1,443,000 property damage reported; 2 direct deaths; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events
Homes for sale in ZIP 32569, 2026-09median list price $328,250 (-2.1% on the year); 68 active listings; median 78 days on market; 25% with a price cutRealtor.com Research
Retail trade in the county, 2012 to 2023865 establishments (+2%); 12,242 jobs (+7%)Census CBP
Housing market in the countytypical home value $352,929 (+1% 1 yr, +11% 5 yr); typical rent $1,957/mo (+4% 1 yr), 2026-09Zillow Research
House price index, tract, 2025454 (2000 = 100); +14.6% 1 yr, +62% 5 yr, +162% 10 yrFHFA

Summary, model-written

Santa Rosa Mall opened in 1976, added a McRae’s wing in 1984, and underwent ownership changes before losing anchors: Belk announced closure in 2013, its demolition began 2019, and Dillard’s Clearance Center announced closing in 2023. The mall announced closure and redevelopment in 2025 while the adjacent 10‑screen Regal cinema remains open.

Why. Anchor tenant losses (Belk and Dillard’s) drove the decline, as noted in the record; no explicit competition, debt, or demolition causes are stated.

Where it stands. The mall is currently reported as operating but slated for closure and redevelopment, with Stirling Properties identified as the managing and owning entity.

For a planner

  • Planned reuse includes apartments, shops, and restaurants per planning_notes.
  • No specific policy tools or incentives are mentioned in the record.
  • Open questions involve zoning approvals, infrastructure capacity, and timing of the redevelopment.

For a developer

  • Site controlled by Stirling Properties; exact acreage is not provided in the record.
  • Entitlement stage appears preliminary—planning notes call for apartments, shops, and restaurants but no permits are listed.
  • Context‑layer constraints (flood, transit, environment) are not detailed in the record.
  • Market signals show a 0.0 opportunity score, with reasons noting existing retrofit, county growth of 6.7% (2018‑23), median rent $1,475, and housing already present in the record.

What we do not know yet

  • Exact site size and parcel boundaries are missing.
  • Ownership timeline for Stirling Properties lacks start and end years.
  • Entitlement status, permits, and any approved master plan are not specified.
  • Flood‑plain, transit access, and environmental constraints are unknown from the record.
  • The precise closing date and demolition scope beyond the Belk wing are not detailed.

Generated by nvidia/nemotron-3-super-120b-a12b on NVIDIA API via Hermes CT from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.

Similar sites

  • DeSoto Square Mall, South Bradenton, FL · Malls · opened 1973; closed 2021; same strategy: redevelop
  • Sarasota Square Mall, Sarasota, FL · Malls · opened 1977; closed 2024; same strategy: redevelop
  • Echelon Mall, Voorhees, NJ · Malls · opened 1970; closed 2024; same strategy: redevelop
  • Spring Hill Mall, West Dundee, IL · Malls · opened 1980; closed 2024; same strategy: redevelop

Elsewhere on the web

Pages with photos

Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar

Multifamily screen

  • retrofit already built
  • county grew 6.7% 2018–23
  • median rent $1,475
  • housing in the record

Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.

History and original facts

Opened1976Wikidata
Closed2025extracted, unreviewed
documented
On July 28, 2025, Santa Rosa Mall announced it would be closing in September 2025.

en.wikipedia.org

Original developerJim Wilson & Associatesextracted, unreviewed
documented
Jim Wilson & Associates built the mall in 1976.

en.wikipedia.org

AnchorsJCPenney, Sears, McRae's, Gayfers
CountyOkaloosa County
Census division5 · South Atlantic
NotesWikipedia categories: Defunct shopping malls in the United States

Not yet recorded: acres, GLA, retrofit year. Know it? Tell us.

Background

Santa Rosa Mall was a shopping mall located in Mary Esther, Florida. By the time it closed in 2025, it had no anchors remaining. There is also a 10-screen Regal cinema outside the mall, which did not close and will remain open as the main site is redeveloped. Stirling Properties managed and owned the mall.

Excerpt from Wikipedia (authors and history), CC BY-SA 4.0. May be older than the record above.

Timeline

  1. 1976 Opened (Wikidata)
  2. 1976 Mall built
  3. 1984 McRae's wing added
  4. 1987 Sold to CalPERS
  5. 1996 Carousel installed
  6. 1998 Gayfers became Dillard's
  7. 2007 Renovations
  8. 2013 Belk closure announced
  9. 2019 Demolition of former Belk began
  10. 2023 Dillard’s Clearance Center closing announced
  11. 2025 Mall announced closing and redevelopment planned

Sources

  • Wikipedia: Santa Rosa Mall (Florida) · supports: after notes, original developer, status, strategy, year closed
    15 quoted sentences
    On July 28, 2025, Santa Rosa Mall announced it would be closing in September 2025.
    Jim Wilson & Associates built the mall in 1976.
    There is also a 10-screen Regal cinema outside the mall, which did not close and will remain open as the main site is redeveloped.
    On July 28, 2025, Santa Rosa Mall announced it would be closing in September 2025.

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