REI to open first South Florida store in Boca Raton

New retailers at the mixed-use project include Naked Taco, Sloan’s Ice Cream

Miami /
Jan.January 17, 2020 02:30 PM
A rending of the the project

A rending of the the project

REI is trekking down to South Florida.

The outdoor retailer signed a lease for a 23,000-square-foot store in Boca Raton that’s expected to open this fall, according to a press release. REI Co-op will open at Uptown Boca, a retail and apartment development at Glades Road and 95th Avenue South, east of U.S. 441.

Schmier Property Group, Giles Capital Group and Rosemurgy Properties, in partnership with Wheelock Street Capital, are developing the 38-acre project with 155,000 square feet of retail space and 456 luxury apartments. Apartment leasing is expected to begin in the next few months.

REI’s Uptown Boca location will include a bike shop and personal outfitting services. REI’s other Florida stores are in Jacksonville and Winter Park, near Orlando. The company has 162 stores in 39 states, according to its website. It’s planning to open stores in Gainesville in the spring and in Tampa next year. REI said it’s the largest consumer co-op with more than 18 million members.

The retail component of Uptown Boca is 98 percent leased, according to the release. Tenants include Naked Taco, Sloan’s Ice Cream, Sport Clips, The Joint, Tide Cleaners, L’Eggspress, Chick-fil-A, Silverspot Cinema, Lucky’s Market, Lynora’s Osteria, Olive U Mediterranean Grill, F45 Training, Tipsy Salonbar, Bolay and BurgerFi.

Uptown Boca’s developers closed on a $125 million construction loan for the project last year from Jutland Finance, a subsidiary of British Columbia Investment Management Corp.

They paid $38 million for the agricultural land on the southwest corner of Glades Road and 95th Avenue South, in June 2018.


Related Articles

arrow_forward_ios
BridgeInvest's Alex Horn and Rieber Developments' Bernardo Rieber with a rendering of the project 
Rieber lands $15M loan for Aventura mixed-use project
Rieber lands $15M loan for Aventura mixed-use project
Arnaldo Bomnin and 8525 South Dixie Highway (Google Maps)
Bomnin Automotive pays $7M for former Pinecrest Mitsubishi dealership
Bomnin Automotive pays $7M for former Pinecrest Mitsubishi dealership
21046 Commercial Trail, Boca Raton (Google Maps, iStock)
New bowling alley lease couldn’t keep South Florida’s retail market out of the gutter in Q4
New bowling alley lease couldn’t keep South Florida’s retail market out of the gutter in Q4
2195 Northwest 103rd Street (Google Maps, iStock)
Four South Florida gas stations sell for $15M
Four South Florida gas stations sell for $15M
Steven R. Dingle and the property he sold at 298 West Key Palm Road. (SRD Building Corp, Royal Palm)
Former Cantor Fitzgerald CEO sells Boca Raton mansion to homebuilder for $9M
Former Cantor Fitzgerald CEO sells Boca Raton mansion to homebuilder for $9M
Nautical Ventures Marine CEO Roger Moore and Holman Automotive CEO Brian Bates with 1400 South Federal Highway (Google Maps)
Holman sells former Fort Lauderdale BMW dealership for $6M
Holman sells former Fort Lauderdale BMW dealership for $6M
Rendering of the Dorsey with Alex Karakhanian, Jon Paul Perez and Tricera’s Scott Sherman and Ben Mandel (iStock)
Related scores $88M construction loan for Dorsey project in Wynwood
Related scores $88M construction loan for Dorsey project in Wynwood
Investcorp co- CEOs Hazem Ben-Gacem and Rishi Kapoor, Ventures CEO Tom Scott and 135 Northwest 20th Street in Boca Raton (Investcorp; Ventures; Google Maps)
CA Ventures buys Boca Raton apartment complex for $80M
CA Ventures buys Boca Raton apartment complex for $80M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...