CBL Plans FL Open-Air Development

PALM COAST, FL-CBL & Associates is planning a 278,000-sf open-air center here to be anchored by Belk and Lowe’s. Called Cobblestone Village at Palm Coast, the center is already 88% leased by tenants and the executives anticipate an October opening.

The center will “provide much-needed retail to this growing market,” says Stephen Lebovitz, president of Chattanooga, TN-based CBL. The trade area, about 80 miles north of Orlando, is projected to grow by 13% by 2010, according to census figures provided by the developer.

Cobblestone Village, to be designed by Artech Design Group, also of Chattanooga, will be constructed in a Mediterranean-style architecture. The center will have a main street as well as parking surrounding the development.