Search
 

Redevelopment Begins at Oakbrook Square

MIAMI-The redevelopment will involve demolishing a 10,000-sf building, a process that began Oct. 25; building a parking lot; renovating the 30-year-old former Jacobson's building; and building a 6,000-sf outparcel. The $3.5-million project is scheduled to be complete next summer.

By Melissa Bogdany | Updated on October 28, 2002

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.