Redevelopment Begins at Oakbrook Square

MIAMI-Equity One has begun the first step in the redevelopment of the 225,000-sf Oakbrook Square shopping center in Palm Beach Gardens, FL. The process started on Oct. 25 with the demolition of a 10,000-sf building. The shopping center is located at 11586 US Highway 1.

The redevelopment and revitalization will occur in three phases. Phase one includes the demolition and the creation of a parking lot. This should be done within 30 days, Doron Valero, president of Equity One, tells GlobeSt.com.

The second phase will include renovating a 30-year-old, vacant Jacobson’s department-store building and preparing the building for a new tenant, Stein Mart. About a month ago, the incoming department store signed a 41,000-sf lease for the bottom floor of the building. The remaining second-floor space in the 90,000-sf building is being negotiated with another retailer, Valero says.