News Summary
A new retail center, Coconut Crossing, is set to open in Palm Beach Gardens with groundbreaking already underway. Funded by a $26.7 million construction loan, the center will cover 82,521 square feet and house several well-known retailers. The project aligns with the city’s growth, including the nearby Avenir community, which plans to add thousands of homes and more retail options. With a high average household income in the area, Coconut Crossing is expected to thrive and cater to local shopping needs.
Exciting New Retail Center to Sprout in Palm Beach Gardens
In the sunny city of Palm Beach Gardens, a brand-new retail paradise is on the horizon! Groundbreaking for the new Coconut Crossing retail center has officially kicked off, and it’s clear that this vibrant development is bound to bring much excitement to the area. Funded by a hefty $26.7 million construction loan from City National Bank of Florida, the project is already turning heads.
Construction Gains Momentum
Konover South, the developer behind this ambitious project, secured the construction loan, which saw a significant rise from its original amount of $7 million that was established back in 2021. Now, with the funds secured, the construction crew, led by C.E. Gleeson Constructors from Michigan, has officially begun work on this bustling center, located on a sprawling 30.2-acre site at 12500 to 12950 Northlake Boulevard.
Coconut Crossing: A Shopping Adventure Awaits
The new retail center plans to feature an impressive 82,521 square feet of retail space spread across three main buildings and an additional seven outparcel buildings. Talk about a shopper’s dream come true! Excitingly, several well-known retailers have already signed up to occupy the spaces, including:
- Aldi – 21,950 square feet
- Mint Eco Car Wash – 7,000 square feet
- 7-Eleven – 5,200 square feet
- Heartland Dental – 4,200 square feet
- Starbucks – 2,600 square feet
- Wendy’s – 2,600 square feet
- Noire the Nail Bar – 2,561 square feet
- Fifth Third Bank – 1,900 square feet
- Tropical Smoothie Café – 1,800 square feet
- Go Green Dry Cleaner – 1,203 square feet
With such a stellar lineup of tenants, residents and visitors alike are in for a treat when they step into this vibrant center!
What This Means for the Community
The decision to create Coconut Crossing aligns perfectly with the ongoing expansion of the city. Nestled just south of the new Avenir community, which is set to feature thousands of homes, Coconut Crossing is designed to cater to the increasing demand for shopping and living space. In fact, the average household income within a three-mile radius is a whopping $136,208, indicating great potential for retail success in the area.
Avenir Development: A Neighboring Project
The Avenir project, located at the intersection of Northlake and Coconut boulevards, is already making waves. With plans for 3,900 homes, multi-family housing, commercial space, and office facilities, this development is anticipated to enhance livability and convenience significantly. The first phase of the Avenir Town Center is expected to wrap up in the next couple of years, adding even more dining, hotel, and grocery options to the area.
The Future Looks Bright!
As the city council recently approved the final plans for the Avenir Town Center, it’s evident that Palm Beach Gardens is on the brink of a significant transformation. The introduction of Coconut Crossing amidst such rapid growth bodes well for local residents seeking more conveniences right in their own backyard.
For residents of Palm Beach Gardens, the future is looking bright, with a vibrant retail scene just around the corner. Keep your eyes peeled, because Coconut Crossing is gearing up to be the place to be!
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