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$16M Land Deal Sparks 180,000-SF Retail Project

WEST PALM BEACH, FL-The 25-acre parcel will be the site of an 80,000-sf Dick's Sporting Goods store and a 100,000-sf department store.

By Natalie Keith | Updated on February 08, 2008

WEST PALM BEACH, FL-Sacramento-based Panattoni Development Co. has acquired a 25-acre parcel on Southern Boulevard just east of the South Florida Fairgrounds for $15.8 million. The land will be the future site of an 80,000-sf, two-story Dick’s Sporting Goods store.

The sporting retailer will share the site with a 100,000-sf department store for a nationwide retailer that has not yet been named. Construction is expected to begin in the spring with completion slated for mid-2009.

“The western communities of Palm Beach County have been inundated with demand for new retail venues to keep pace with the burgeoning, affluent communities,” says NAI/Merin Hunter Codman chairman Neil Merin. “The demographics in the area are very compelling.”

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