Another 20,000 square feet of small shop space at Ormond Beach Mall will receive new storefronts, while the remainder of the center will get a new parking lot and lighting. Century Retail acquired the property in January for $8 million.
"We feel a new Publix and shopping center facelift will be a nice asset for the community, says Charlie Boscarino, Century Retail president. He estimates that the project will be completed by the end of this year, with the new Publix slated to open in January 2010.
Century Retail leases and manages more than 80 properties throughout the Southeast, mainly in Central Florida. The company recently completed a redevelopment project in Lakeland and plans two other Publix rebuilding projects over the next 15 months.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
