The commentary of that verse says:

and the transgression thereof shall be heavy upon it; that is, the punishment of transgression, which, like a talent of lead, in Zechariah 5:8 shall crush it, and the inhabitants of it, to pieces:

and it shall fall, and not rise again; in the form it now is; for there will be new heavens and a new earth, in which the righteous, who will share the first resurrection, will dwell; for as for the first earth, or present one, it shall pass away, and no place be found for it, Revelation 20:11.