Is the New Earth 'Brand-new' or Renewed? Supplemental Study Notes

Some premillennial theologians committed to grammatical-historical interpretation have argued the ‘new earth’ of Rev 21, Isa 65-66, 2 Pet 3 is a redeemed and renewed creation, while other premillennialists see a removed creation in Rev 20:11 (matter ceases to exist for however long final judgment is), then in Rev 21 re-creation from scratch. Are Israel's 'forever' land promises to fulfill on another planet? Will earth be transformed or totally obliterated, no trace of its existence in Rev 20:11-15? Will there be a restoration of all things or will there be an annihilation of all things when Rev 20 ends?