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First Phase of Retail Center Starts

FORT PIERCE, FL-Coral Square Shoppes gets under way ahead of big-box leases.

By Carl Cronan | Updated on June 18, 2009

FORT PIERCE, FL-The first of three phases of Coral Square Shoppes, a 182,000-square-foot local retail center, is set to begin construction. The $40-million mixed-use project will be developed on 17 acres along US 1 north of Edwards Road.

The initial phase, slated for completion next spring, will be anchored by a 17,000-square-foot Sav-A-Lot grocery and 25,000 square feet of additional retail space in two buildings. The entire project will consist of retail, restaurant, entertainment and office space.

The center’s developer, Coral Springs-based Tulepan Management LLC, is seeking big-box tenants and a movie theater to move into future space but wants to begin the project now, despite the economic slowdown that is causing retailers to curtail expansion plans. “There’s just so little retail development going on right now that we’re just happy to be moving forward with this project,” Craig Tulepan, the company’s principal owner, told Scripps Treasure Coast Newspapers.

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