Wellington Green & State Road 7
Beginning in 2017, the assessed value of the Mall at Wellington Green, as determined by the Palm Beach County Property Appraiser, has steadily declined each year. The valuation has decreased from $245 million to $74 million in 2023, raising significant concerns about the Mall's future. In response to this trend, in 2019, Wellington took a proactive approach by enlisting the expertise of the Treasure Coast Regional Planning Council. Their objective was to conduct a comprehensive Market Study to understand real estate market conditions and identify market-supportable development, explore potential redevelopment options for properties in Wellington along State Road 7, and formulate strategic land use and zoning recommendations with conceptual designs. This forward-thinking initiative aims to support the sustainable and prosperous future of Wellington Green.
The Mall currently includes about 1.23 million square feet of space and around 150 stores, including five anchor stores. The whole property, often referred to as the “egg”, covers approximately 97 acres. For context and to better visualize the size of the property and its redevelopment and infill development potential, the 97-acre “egg” has been overlaid onto four areas in Palm Beach County.
Market Study Findings
The Treasure Coast market study was instrumental in envisioning redevelopment opportunities for the Mall. The redevelopment concepts aim to align housing and mixed-use development preferences in the market, accommodate future enhancements in transit, and enhance one of Wellington’s largest real estate and community assets.
The results of the market studies and the visualization are resented in the Wellington Green & SR-7 Study Final Report.
The next step is to use the Treasure Coast Study and Concepts to create a Project Standards Manual (PSM), that supports the future redevelopment and infill development for the Mall at Wellington Green. The goal of the PSM is to establish site-specific regulations that, not only incentivize development that achieves the community’s development preferences but also provide a streamlined process for development approvals when these standards are utilized. Drafts of the PSM will be available here for community review and input in the near future. Stay tuned for updates in the coming months.