Branch Properties Begins Construction on $40.8 Million Redevelopment of Palm Harbor in Florida

The $40.8 million redevelopment of Palm Harbor will transform the 28.7-acre lot into a shopping experience to be known as Island Walk. The $40.8 million redevelopment of Palm Harbor will transform the 28.7-acre lot into a shopping experience to be known as Island Walk.

Palm Coast, Fla. — Phase I of the to-be-renamed Island Walk, which includes the majority of small shop tenants, will be completed spring 2015.

Branch Properties LLC has launched the redevelopment of Palm Harbor with the start of Phase I construction. The $40.8 million development plan will transform the 28.7-acre lot into a shopping experience to be known as Island Walk.  Once completed in 2016, the new retail destination will bring new and expanded tenants and amenities to the Palm Coast community to revitalize the city’s original core.           

Construction started in November 2014 with the demolition of the buildings to the west of the existing Publix Super Markets and the eastern portion of the central shops. Phase I of Island Walk, which includes the majority of small shop tenants, will be completed spring 2015, followed by Phase II with Publix and additional small shop space by fall 2015. The final phase to the east of the new Publix will be completed by mid-2016. As part of the expansion, Publix signed a lease for a new 53,785-square-foot store, approximately 20 percent larger than its existing one with a new location west of the existing store. Publix along with many existing tenants such as Starbucks, The UPS Store, Eyeglass Express, Coast Dental & Orthodontics and Salsa’s Mexican Restaurant, will remain open during redevelopment. 

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