Publix Super Markets will anchor a shopping center it's developing in the Village of Gulf, a small community in Palm Beach County.
Stiles Corp. confirmed that Publix will lease 46,811 square feet in the Shoppes at the Village of Golf, which will have 83,615 square feet of retail at the southeast corner of Military Trail and Woolbright Road. Fort Lauderdale-based Stiles also leased 1.7 acres for a 3,454-square-foot 7-Eleven gas station directly at the intersection.
Stiles still has six outparcels available for lease to retailers.
There's already a Publix on the northeast corner of the intersection, at 3775
Publix will anchor the Shoppes at the Village of Golf at Woolbright Road and Military Trail.
Woolbright Road. An official from Publix didn't respond a request for comment about the future of that location and the new store.
Publix has frequently renovated and expanded its older stores in Florida. That has allowed the grocer to fend off competition from new grocers expanding in the state.
"This development will provide residents with an excellent mix of services and dining," said Dan Coyle, senior VP of Stiles Realty. "The long-established community surrounding the property combined with the local traffic counts and high- quality residential offerings has created a lot of demand for space in this area and makes it a prime location for a premium mixed-use shopping center."
About 60,000 cars pass through that intersection daily, Stiles said. The median home value in the community is nearly $1 million.
The village has less than 300 residents, although there are many neighborhoods around it.
An affiliate of Stiles recently bought 19.27 acres there for $6.85 million. The neighboring site of 17.3 acres was acquired for $4.15 million by an affiliate of Boynton Beach-based Mack Industrial, which will build about 59,000 square feet of flex office/warehouse space and a 100,000-square-foot self-storage facility.
"This is a unique opportunity to program a variety of flex, light industrial and warehouse uses adjacent to a brand-new Publix shopping center and surrounded by so many residential districts," said Steve Mackey, managing partner of Mack industrial. "We've designed a very high-end commercial commerce park to compliment the new retail center and collaborated with Stiles on design and architecture to ensure the final result is a sophisticated, customer- and business- friendly property."
Stiles expects to break ground on the shopping center in the second quarter of 2020 and open the Publix in 2021.
"This is a rare infill property at 36 acres that will allow both developers to work with the village to create a mixed-use center from a truly blank canvas that will bring value to the area and enhance the lifestyle of the local residents," said
Ryan Karlin, president of Stiles Retail Group. "We are proud to be a part of this exciting project and help execute a quality development for the community."
Stiles to build Publix at commercial development site in tiny village
Posted on 2/10/2020