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DevelopmentFloridaLeasingMixed-useNews

Retail Tenants Sign Leases Totaling 120,000 Square Feet at Babcock Ranch Project in South Florida

by Hayden Spiess

Babcock Ranch, Fla. — Retail tenants have signed leases totaling more than 120,000 square feet at Babcock Ranch, a solar-powered mixed-use community currently underway in South Florida. The project is entitled for 6 million square feet of commercial space, in addition to residences. Upon completion, the development will feature 4 million square feet of retail space, including shopping centers The Shoppes at Yellow Pine and Crescent B Commons. Marshalls, Ace Hardware, Five Below, Oar & Iron, Tipsy Salonbar, Fountain Pools, Seymour Orthodontics, Yummy Thai & Chinese, Verizon, Papa Johns, Carvel and …

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The-Container-Store_Miami-Worldcenter
FloridaLeasingMixed-useNews

Two Tenants Sign Leases Totaling 18,011 Square Feet at 27-Acre Miami Worldcenter 

by Hayden Spiess

Miami — Two new tenants have signed leases at Miami Worldcenter, a 27-acre mixed-use project being developed in phases in downtown Miami. Beginning next year, The Container Store and and Sweet Paris Creperie & Café will occupy 15,681 and 2,330 square feet, respectively. Miami Worldcenter Associates is developing the property with CIM Group, which handles retail leasing at the project. Retail space at the development is now more than 90 percent leased. Other tenants include Chug’s Express, El Vecino Cigar & Cocktail Bar, lululemon, Sephora, Sports & Social and Club Studio. 

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Mel-Sembler
Company newsFloridaNews

The Sembler Co. Founder Mel Sembler Dies at 93

by Hayden Spiess

St. Petersburg, Fla. — Florida-based developer and founder of The Sembler Co. Mel Sembler has passed away at the age of 93, according to a statement from the company.  Sembler founded his eponymous real estate company in 1962. To date, it has completed more than 350 developments totaling 29 million square feet. Additionally, the company manages and leases 10 million square feet of real estate and has offices in St. Petersburg, Florida, Atlanta and Puerto Rico. Currently, The Sembler Co.’s portfolio includes Belmont Shopping Center in Ruskin, Florida, and North Macon …

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Shoppes-at-Monterra-Commons_Cooper-City-Fla
DevelopmentFloridaLeasingMixed-useNewsRestaurants

Three Tenants Open at The Shoppes at Monterra Commons in Florida

by Hayden Spiess

Cooper City, Fla. — Three tenants have opened at The Shoppes at Monterra Commons, a 153,618-square-foot mixed use property in Cooper City. Culver’s, First Watch and The Learning Experience now occupy 4,300; 3,700; and 10,000 square feet at the development, which was completed in August. Cali Coffee, Playa Bowls, Gyromania, Oaxaka, Tide Cleaners, Blueprint Cookies, Jonari Dental, Kami Nail House, Huey Magoos and AA Mint have also signed leases totaling 16,330 square feet at the property. Diversified Realty Development is the landlord and developer. 

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Century-Town-Center_Doral-Fla
FloridaLeasingMixed-useNews

Three Retail Tenants Sign Leases at Century Town Center in Doral, Florida

by Hayden Spiess

Doral, Fla. — Three new tenants have signed leases at Century Town Center, a mixed-use property in Doral. My Salon Suites, Rumble Boxing and Kidstrong will occupy 5,910; 2,541; and 2,734 square feet of ground-floor retail space, respectively. Phase I of Century Town Center features 326 residential units and 31,000 square feet of retail space. A planned second phase of the project will comprise an additional 408 residential units and 27,000 square feet of retail space. Rafael Romero and Malina Huynh of JLL represented the landlord — a partnership between Mattoni …

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Trail-Plaza_Miami
FloridaGrocery-anchoredInvestment salesNews

CBRE Brokers $49.3 Million Sale of Shopping Center in Miami

by Hayden Spiess

Miami — CBRE has brokered the $49.3 million sale of Trail Plaza, a 181,558-square-foot shopping center located in Miami. Built in 1987, the property was 99 percent leased at the time of sale. Tenants at the center include Fresco y Más, Walgreens, Harbor Freight Tools and Party Depot. Casey Rosen and Dennis Carson of CBRE represented the undisclosed seller in the transaction. An entity controlled by Longpoint Realty Partners acquired the property. 

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Causeway-Shopping-Center_Indian-Harbour-Beach-Fla
FloridaLeasingNews

Michaels to Open 21,000-Square-Foot Store at Causeway Shopping Center in Florida

by Hayden Spiess

Indian Harbour Beach, Fla. — Michaels will open a 21,000-square-foot store at Causeway Shopping Center in Indian Harbour Beach this year. Construction is currently underway on the store, which will be located in the space formerly occupied by Office Depot, adjacent to Ross Dress for Less. Forge Real Estate Partners III, a joint venture between The Sembler Co. and Forge Capital Partners, is the landlord. Other tenants at the 112,000-square-foot property include Panera Bread, GNC and Bealls Outlet. The center is now 85 percent occupied. 

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Lake-Harris-Square-Plaza_Leesburg-Fla
FloridaGrocery-anchoredInvestment salesNews

Island Associates Brokers $6.3 Million Sale of Retail Center in Metro Orlando

by Hayden Spiess

Leesburg, Fla. — Island Associates Real Estate has brokered the $6.3 million sale of Lake Harris Square Plaza, a retail center located in Leesburg, roughly 45 miles outside Orlando. Winn-Dixie anchors the 9.8-acre property, which recently saw the addition of a 61,220-square-foot building. Other tenants at the center include Beef O’Brady, Brooklyn’s Pizzeria & Italian Restaurant, Subway and Seafood Shack. Roger Delisle of Island Associates represented the buyer, and Daniel Baruch of Legacy Realty Group represented the seller. 

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Company newsFloridaNewsPennsylvaniaRestaurants

Bagels & Co. to Open 20 Stores in Florida and Pennsylvania

by Hayden Spiess

Philadelphia — Philadelphia-based brand Bagels & Co. has announced plans to open 20 new stores throughout Florida and Pennsylvania. Scheduled to open by 2024, the shops will offer bagel and cream cheese varieties, as well as other deli fare. Restaurant group Glu Hospitality owns the brand, which currently operates four outposts in Philadelphia, with three new stores scheduled to open in the city this year. New locations will also include Fort Lauderdale and Wilton Manors in South Florida. 

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The Shoppes at Black Diamond
DevelopmentFloridaNews

Ferber Underway on 29-Acre Retail Center in Florida

by Hayden Spiess

Lecanto, Fla. — The Ferber Co. is underway on the development of a 29-acre retail center in Lecanto. Site work for the property, dubbed The Shoppes at Black Diamond, began in October 2022. Building construction is scheduled to commence over the coming weeks, with openings expected to begin in early 2024. Tenants at the center will include Target Supercenter, Aldi, Starbucks Coffee, 7-Eleven, Panera Bread and Texas Roadhouse. 

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