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Equity One to Develop Publix-Anchored Center in Miami-Dade County

MIAMI-"Plaza Allegre," a $10-million shopping center situated on 8.5 acres is scheduled to open in first quarter 2003. The components are a 44,000-sf Publix supermarket, 14,000-sf junior anchor, 16,000 sf of inline space and 10,000 sf of office space.

By Pat Taylor | Updated on December 18, 2001

MIAMI-Equity One Inc. plans to develop Plaza Allegre, an 84,000-sf shopping center, on an 8.5-acre site located on the southeast corner of SW 147th Avenue and Coral Way in southwest Miami-Dade County.

Plaza Allegre will feature a 44,000-sf Publix supermarket, a 14,000-sf junior anchor, 16,000 sf of local retail space, 10,000 sf of office space and two out parcels. Construction is expected to begin in first quarter 2002 with a target completion date of February 2003. The development is expected to cost a total of $10 million (including $1.8 million to purchase the site pursuant to an existing option agreement), or $119 per sf.

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