Ardent Companies is redeveloping the Seminole Towne Center in Sanford, Florida, and has confirmed that a new, 164,585-square-foot Costco will be the anchor tenant, replacing the former Macy’s building. This project is a major component of the mall’s transformation, with construction/demolition slated to begin in 2026 and opening expected in 2027. The mall closed in 2025.

The Ardent Companies acquired 76 acres of the Seminole Towne Center for $17.5 million. The redevelopment plan includes 300 multifamily units and new retail stores.

Over the past year, Ardent has acquired more than $115 million in six ground-up mixed-use development and redevelopment projects across the Southeast. These projects also include an additional $350 million of future development. Since 2012, the firm has capitalized $3.5 billion across 140 equity investments.