PALM COAST, FL—Branch Properties is pressing into a $40.8 million redevelopment at Island Walk, formerly known as Palm Harbour. The goal is to return to the 28.7-acre lot into a high-quality shopping experience.

Once completed in 2016, the upgraded retail destination promises to bring new and tenants and amenities to the Palm Coast community and hopes to revitalize the city's original core. Anchored by Publix Super Markets, the 204,000 square-foot retail center is 84% pre-leased with another 17,500 square feet in active lease negotiations.

“Island Walk's high-traffic location along a popular corridor along with the strength of the surrounding demographics made it a no-brainer for many tenants to not only join the center but also remain through the redevelopment,” says Nick Telesca, president of Branch. “To add to the mix, The Shopping Center Group leasing team has brought the ideal tenants to the mix that really create a valuable, balanced asset—shaping once again a popular destination for household retail and casual dining for the Palm Coast community.”