Walmart targets Florida’s fastest-growing city with 24-acre land buy for store
Walmart is setting up shop in Palm Beach County’s Westlake community, answering retail and grocery demand in one of the state’s fastest-growing areas. Coconut Creek-based developer Minto Communities USA sold a 24-acre parcel to the retail giant for a 189,000-square-foot Walmart Supercenter, according to a company news release. A 1,620-square-foot gas-station convenience store pad with 10 fuel pumps and 768 parking spaces are planned, Vizzda reported. Records show Walmart paid $11.7 million for the site, in Town Center West near 60th Street North, which works out to $487,000 per acre and $62 per square foot. City officials approved the Walmart […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

An emerging source of affordable housing supply

Opinion: Why 20% down has become the exception in commercial real estate

The missing piece of America’s new housing strategy

A Million-Dollar Home Used To Be Considered a Mansion—Not Anymore

Texas Governor Threatens To Strip Funding From Cities Blocking Housing Development

Inside Jeff Bezos’ Multimillion-Dollar Real Estate Empire He Shares With Wife Lauren Sanchez

Related Ross seeks $26M sale-leaseback for Palm Beach County Convention Center hotel

Jim D’Amico joins Corcoran Premier Realty as part owner

Vishal Garg steps down at Better, board names Daniel Lewis interim CEO
GET MORE INFORMATION

Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131
