The Real Deal Miami

Several major development projects on tap in Royal Palm

Plans include single family homes and a new Aldi store

December 30, 2014 03:43PM

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Aldi

An Aldi store

Single family homes, a new Aldi store, distribution center and headquarters and a newly constructed retail complex are among the large-scale development projects in the works in the village of Royal Palm Beach in Palm Beach County.

Topping the list is the village’s sale of a vacant 154-acre Crestwood Boulevard site, where Royal Palm wants a developer to build 385 single-family homes, according to the Palm Beach Post. The site, where a wastewater treatment plant once stood, went on the market in November.

Doug Kirlan, the West Palm Beach real estate broker in charge of marketing and selling the property, said  marketing packages were sent to 40 potential buyers, including some of the nation’s top home builders — D.R. Horton, Pulte Homes, Lennar and KB Home, the Post reported. Sealed bids are due on Jan. 16. The village hopes to close on the property by July 1.

Aldi, the low-cost grocer, is building a 17,000-square-foot store on 2.3 acres at 1121 North State Road 7, about a quarter-mile south of Okeechobee Boulevard. The store is being built in front of Aldi’s  new $50 million, 650,000-square-foot distribution center and regional headquarters, which is nearly completed.

Kelly Smallridge, the Business Development Board of Palm Beach County’s president and chief executive officers, has called the center the largest economic development corporate construction project in the county since Office Depot built its 625,000-square-foot corporate headquarters in Boca Raton in 2008, according to the Palm Beach Post.

Meanwhile, Pebb Enterprises, the same company that built The Shoppes at Isla Verde in Wellington, is building an 85,177-square-foot commercial development on the southeast corner of State Road 7 and Pioneer Road. In late November, the company said talks were underway to lease 90 percent of the space, with T.J. Maxx, Show Carnival and Michaels among those in negotiations. [Palm Beach Post] — Ina Cordle

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