Plaza Del Mar, the shopping center across A1A from the ocean in Manalapan, is poised for a makeover that will include a new Publix.
“We are doing a redevelopment and bringing a grocer in,” said Tom Hoban, president and chief investment officer at Kitson & Partners, the center’s landlord. “It’s a great way to redfine a center.”
Hoban declined to identify the tenant, but The Coastal Star, citing town officials, reported that the grocer is Publix. The redevelopment, scheduled for completion in late 2017, will shrink Plaza Del Mar from 103,000 square feet to 83,000 square feet, Hoban said. The grocer’s spot will be 26,000 square feet, similar to the small Publix stores in downtown Lake Worth and at CityPlace.
Publix has a large store less than 2 miles to the west at Lantana Road and Interstate 95, but the state’s dominant grocer has been opening more and more locations as part of a saturation strategy.
Plaza Del Mar includes mostly local tenants such as restaurants John G’s and Thaikyo. Hoban said the center has struggled a bit, but he said the makeover will boost occupancy from 70 percent to 100 percent.