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Woolbright Begins Work in April on 155,000 SF

BOYNTON BEACH, FL-The developer's Valencia Square, anchored by a 46,000-sf Publix, is 62,955 sf preleased. Tenant finish-outs will start in late 2008 or early 2009.

By Natalie Keith | Updated on February 29, 2008

BOYNTON BEACH, FL-Woolbright Development is expecting to begin construction in April on Valencia Square, a 155,000-sf shopping center. Spaces will be delivered to tenants for finish-outs in late 2008 or early 2009.

The Boca Raton-based developer isn’t disclosing the project costs associated with Valencia Square, ticketed for the northwest corner of Jog and Woolbright roads. The project will be anchored by a Publix supermarket, which preleased 46,000 sf. Leases also were signed by Bagelsteins, a delicatessen-style restaurant, which took 3,500 sf, and Wachovia for a 4,500-sf spot. The line-up will include a 1,200-sf Dryclean USA, 4,000-sf David & Co., which is a nail and hair salon and spa, and 4,200-sf Fifth Third Bank. To date, 62,955 sf has been preleased.

The development is located in an area that has seen a lot of residential growth. Valencia Pointe, a single-family home development, is under development on Woolbright Road next to the planned shopping center. Close by are two other under-construction residential projects. In a one-mile trade area, the average household income exceeds $92,000 per year. The population is 187,380 in a five-mile radius, according to Woolbright.

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