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200,000-SF Shopping Center in the Works

FORT LAUDERDALE-Harbor Shops LLC is developing the $35 million center here in the city's 17th Street Causeway area. Publix has inked a 20-year lease with renewal options to be the center's anchor tenant with a 54,340-sf store planned.

By Melissa Bogdany | Updated on June 12, 2003

FORT LAUDERDALE-Locally-based Harbor Shops LLC, formed by Jesse Gaddis and Jack Loos, is planning to develop a 200,000-plus-sf community shopping center in the city’s 17th Street Causeway area near downtown. The total project cost is an estimated $35 million and is scheduled to break ground in September. The completion is set for the fall of 2004.

Also, in a recent deal with Publix Super Markets, the major grocery store chain signed a 54,340-sf lease to anchor the center, which is called Harbor Shops. The Publix lease term is 20 years, with renewal options. Given the center’s quoted rental rates of between $22 and $36 per sf, this lease is estimated to be valued at least $23.9 million.

Other tenants for this center will be disclosed at a later date, according to a spokesman. There are also outparcels and second-story office suites. In all, the center will be situated on more than 19 acres, located just south of 17th Street Causeway at Cordova Road.

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