STUDY AREA CHARACTERISTICS
Location The Study Area is located in the desirable north-eastern portion of Palm Beach County.
Access Regional access to the study area is above average with Interstate 95 on the east and the Florida Turnpike on the west, and State Highways 98 and 882 bisecting the site.
SUMMARY OF FINDINGS
As a result of GPG’s qualitative analysis, this summary finds that the retail component within the URA study area has an opportunity to support the limited redevelopment of most of the existing older shopping centers within the study area.
It is GPG’s opinion that approximately 500,000 – 800,000 square feet of existing retail space will be redeveloped within the URA by 2008, with retailers such as JC Penney, Target, Sports Authority, Bealls, Kohl’s, Old Navy, Men’s Warehouse, Syms, Avenue, Ross, Mervyn’s, Dress Barn, Payless Shoes, Dollar Store, PetSmart, Marshall’s, TJ Maxx, Burlington, Lowe’s Home Improvement and Home Depot. Existing and local businesses should be encouraged to remain.
In addition, the URA can support up to 60,000 square feet of restaurants including local, ethnic and moderate national chains.
Please refer to the appendix for a complete recommended and supportable retail mix table for the study area.
The retailers at the site should be unique in appeal and, as such, we have recommended both local and national retail tenants for apparel and restaurants. The local and ethnic retailers/restaurants can be existing retailers and restaurants in nearby communities that are currently operating space in the greater Palm Beach market.
END OF REPORT --
Palm Beach URA, Florida Gibbs Planning Group, Inc. February 8, 2007 (Revised)