The plaza was developed in 1973 and significantly renovated in 2006 when a portion of the original structure was demolished and replaced with a new Publix store.

MIAMI—Retail assets can retain their value despite the changing landscape of the retail industry—what some call “fall of the mall” or the “retail apocalypse. One such example is Winter Springs Town Center, a 115,767-square-foot, two-story retail plaza anchored by a highly successful Publix supermarket located at 1160 East State Route 434 in Winter Springs, FL.

Phillips Edison & Company acquired the asset. With an average household income of $106,143 within a 1 mile radius of Winter Springs Town Center, Winter Springs is a growing, affluent community straddling the strong-performing E. Seminole and Casselberry retail markets.

Particularly in Florida, Publix-anchored centers are doing well and continue to draw investor interest. However, Bell can provide further insight into other factors the retail tenant mix must include in order for plazas to maintain and grow value. The Winter Springs Town Center is a great example of what he would share.

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