X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PALM BEACH COUNTY-The groundbreaking for Downtown at the Gardens, an upscale retail project being developed in northern Palm Beach County, FL, is planned for May 19. Palm Beach Gardens-based Menin Development Cos. is developing the project, which will consist of a 336,000-sf building situated on about 35 acres just west of the Gardens Mall.The project is scheduled for completion in spring 2005. More than 1,500 workers and 100 to 200 construction companies are expected to be involved in the construction of the project, including tenant space construction. Menin recently received a $90.1-million loan from GMAC Commercial Mortgage Corp. for the project’s construction.At its opening, Menin anticipates Downtown at the Gardens will create about 1,500 net new jobs, plus indirect jobs, and will generate about $200 million in sales, producing sales tax revenue of $12 million.A 16-screen Cobb Theatre and a Whole Foods Market, along with specialty retailers and nationally known restaurants, are slated to occupy the building. Other tenants that have committed to the building include Striphouse, Yardhouse, Sur La Table, Bookbinders, Max’s Grille, Big City Tavern, LuLu, Addison Gallery and Sloane’s Ice Cream.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.