Home » Miami Development Addition Will Include New Whole Foods Market Alongside Existing Target

Miami Development Addition Will Include New Whole Foods Market Alongside Existing Target

RC-Pinecrest-Place_04-10-17

Last updated on June 14th, 2024 at 09:12 am

A new ground-up development addition in Miami, Florida, called Pinecrest Place will be anchored by a 46,000-s.f. Whole Foods Market store. The development will add 70,000 s.f. to a retail space that already includes a 173,000-s.f. Target. Construction on the $16.4 million project is expected to be completed in the second quarter of 2018.

“Pinecrest Place is an ideal blend of best-in-quality anchors with substantial parking, and visibility from the heavily travelled US-1 commercial corridor south of Miami,” said Paul Maxwell, VP of investments for Regency Centers. “The shopping experience will be a powerful reflection of the lifestyles and wants of the affluent communities surrounding the shopping center, providing a superior anchor lineup with complimentary restaurants and small-shop retail.”

Strategically located off of US-1 (S. Dixie Highway), Pinecrest Place will benefit from a traffic count that exceeds 90,000 cars per day in one of the strongest trade areas in Southeast Florida. A surrounding daytime population of more than 120,000 bolsters an active and affluent residential market with average household incomes of more than $130,000 in the trade area, according to Regency Centers.

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Shelby Team

The Shelby Report delivers complete grocery news and supermarket insights nationwide through the distribution of five monthly regional print and digital editions. Serving the retail food trade since 1967, The Shelby Report is “Region Wise. Nationwide.”

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