WMG Development LLC, a national real estate investment and development company, recently announced that a new retail shopping center is planned for the Palmer Ranch community in Sarasota, Florida, with a Publix Supermarkets as the anchor tenant. The Shoppes at Palmer Ranch, located at the northeast corner of Honore Avenue and Central Sarasota Parkway, is projected to open late September 2022. When completed, The Shoppes at Palmer Ranch will encompass 65,848 square feet of grocery, retail, medical and restaurants and will have two additional outparcels for lease.
The new Publix will occupy approximately 48,000 square feet of the development. Publix will be joined by Heartland Dental, the largest dental support organization in the country.
Palmer Ranch, located in central Sarasota County, is a well-established master planned community containing 7,000 acres and is home to over 20,000 residents.
“We are excited to deliver a world-class project in The Shoppes at Palmer Ranch. The development will add variety and convenience to the densely populated Palmer Ranch residential area,” said Craig Kopko, Managing Director of Development at WMG Development. “It is truly a pleasure working on this project with Publix and members of the community and we are excited for the groundbreaking and eventual opening day.”
The project’s site plan is under review with Sarasota County. It is anticipated that construction will begin on site in the fall of 2021, pending necessary County approvals.
“We are thrilled to embark on this development,” said WMG Development President Curt Frost. “In tandem with the Publix team, we intend to deliver a forward-thinking, well-designed project that will serve the community’s current and future residents.”
About WMG Development LLC
WMG Development LLC is a full-service national real estate investment and development company made up of an entrepreneurial team of creative problem solvers with “can-do” attitudes. Throughout the years, WMG has executed a solid track record of successful development solutions. WMG develops commercial real estate projects for a variety of industry segments including retail, healthcare and restaurants. WMG is currently in 33 states and has more than 58 active projects. The company’s expertise in site selection, as well as its quick-action responsiveness, makes WMG Development the premier retail developer in the United States. For more information, visit www.wmgdevelopment.com.