MIAMI-Equity One Inc. plans to develop Plaza Allegre, an 84,000-sf shopping center, on an 8.5-acre site located on the southeast corner of SW 147th Avenue and Coral Way in southwest Miami-Dade County.

Plaza Allegre will feature a 44,000-sf Publix supermarket, a 14,000-sf junior anchor, 16,000 sf of local retail space, 10,000 sf of office space and two out parcels. Construction is expected to begin in first quarter 2002 with a target completion date of February 2003. The development is expected to cost a total of $10 million (including $1.8 million to purchase the site pursuant to an existing option agreement), or $119 per sf.

Equity One also owns a four-acre parcel at the northeast corner of SW 147th Avenue and Coral Way across the street from Plaza Allegre, where it expects to start building a 25,000-sf drug-store anchored shopping center in third quarter 2002 with. That project carries a mid-2003 completion.

Equity One Inc. is a self-administered, self-managed REIT that principally acquires, renovates, develops and manages community and neighborhood shopping centers anchored by national and regional supermarket chains. The company’s portfolio currently consists of 85 properties primarily located in metropolitan areas of Florida and Texas.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.