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| Ian Weiner |
JACKSONVILLE, FL ––
PEBB Enterprises and Falcone Group are teaming up to significantly expand a
Publix-anchored retail development under construction across from the
master-planned Beachwalk community in St. Johns County, part of the
Jacksonville metropolitan area.
The joint venture purchased 14.88 acres of land
surrounding the Publix and plans to develop additional retail, medical and
restaurant space.
The venture paid $4.95 million to acquire the
land. The transaction closed on Aug. 4.
PEBB and Falcone plan to develop approximately
65,000 square feet to complement the 48,400-square-foot Publix and 10,500
square feet of in-line retail space at the 855 County Road 210 West site.
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| Art Falcone |
The project’s site plan is approved and shovel ready, with all site civil permits in place.
“This site acquisition allows our joint venture to enhance the Publix ground-up development with outparcels and neighboring improvements which are well merchandized to consist of retail shops, restaurants and medical tenants,” PEBB Chief Development Officer Eric Hochman said.
“We will continue to execute on delivering a forward-thinking, well-designed project for the community.”
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| Eric Hochman |
For leasing inquiries, contact PEBB’s Chris Stewart or Jenny Schuemann at (561) 613-4020.
The venture is negotiating with numerous
national and regional retail, medical and restaurant tenants for ground leases,
build-to-suit agreements, or partial land sales at the project.
“We are thrilled to partner with a renowned
developer like Falcone Group on a project that will greatly benefit this
fast-growing section of St. Johns County,” PEBB Enterprises President and CEO Ian
Weiner said.
“Our venture is already getting tremendous interest
from potential tenants, which underscores the demand for - and desirability of
- this location.”
 |
| Jenny Schuemann |
The 3,000-acre Beachwalk community includes
luxury residences, a planned 100-room hotel, retail, offices, industrial
facilities, an elementary school and an existing 14-acre Crystal Lagoon – the
largest of its kind in the U.S.
The Publix location will share a new traffic
signal intersection with Beachwalk’s northern commercial component, which is
planned to include 300 multifamily units and 150,000 square feet of commercial
space around the Crystal Lagoon.
 |
| Chris Stewart |
“It is exciting to embark on this development and further complement all
of the additional residential development happening in and around Beachwalk,”
Falcone Group Chairman and CEO Art Falcone said. “We look forward
to a successful project and partnership with PEBB.”
PEBB closed on the Publix site acquisition on July 10.
Construction of the Publix-anchored center is expected to be completed by
summer 2021. In addition to Publix, signed tenants include Publix Liquor Store
and Lavender Spa.
CONTACTS:
Eric
Kalis
954-370-8999
Daniel
Benjamin
Senior
Account Executive, BoardroomPR
O 954-370-8999
C 954-618-8287
Bank
of America Plaza | 1776 N Pine Island Road
Suite
320 | Fort Lauderdale, FL 33322
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