Commercial Real Estate, Capital, Insurance, Leasing & Management

Facelift, new shops coming to Atlantic Beach shopping plaza

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Some current tenants will stay in the plaza, but we may also see space open up for a group of new retailers as well.

Reprinted from First Coast News story.

Construction will begin as early as this week as the Shoppes of Northshore at the Beaches Town Center prepares for a facelift.

The Lote Group, of Gainesville, Fla. announced plans for a complete renovation of the neighborhood retail space on Monday and said that they’re excited for what’s to come.

“We purchased this property with the vision of re-establishing it as a historic landmark, where 3rd Street and Atlantic Boulevard intersect at the center of Beaches Town Center,” said Taraz Darabi, president and CEO of Lote Group.

The company also hopes to bring in a variety of new merchants, restaurants, and boutiques.

Whitney Butler is the director of retail leasing for Franklin Street, a real estate firm that serves as the leasing agent for the property. She says that some tenants will stay in the plaza, as they are locked in long term leases, but they are also expecting space to open up for a new group of experiential retailers.

 “This shopping center has been a fixture of the Atlantic Beach community for over 25 years,” said Butler. “The new owner is continuing that tradition by bringing in a new group of experiential retailers to better serve neighborhood residents and tourists alike…”

They expect to announce names of their new tenants in the next month or so. The renovation will begin this summer and is scheduled to be completed by the end of 2019.  

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