Hollywood, FL – June 4, 2013 – (RealEstateRama) — Stiles, a Florida-based full-service commercial real estate firm, today started construction on West Lake Commons, an approximate $35 million Publix grocery store-anchored retail shopping center in Hollywood, Fla.
Stiles is developing the center located on the corner of Sheridan Street and S. Federal Highway at 1700 Sheridan Street in Hollywood, Fla. According to president of Stiles Doug Eagon, West Lake Commons is planned to start the renewal one of Hollywood’s most visible commercial and residential areas, trafficked by more than 50,000 cars per day. The project will bring several quality retailers alongside Publix to bear, including Pollo Tropical and Starbucks.
“This is a proud moment for Stiles, our partners and lenders, as well as the City of Hollywood,” said Eagon. “This groundbreaking represents the redevelopment of a highly visible area in Hollywood, which will create value for the city and provide an urban pedestrian experience for the local community.”
West Lake Commons will be a transformation of the former Hollywood Lincoln Mercury Dealership, which is situated on a 14-acre site that serves as a gateway into the city. The project will be anchored by a 54,000-square-foot Publix, which will feature an expanded gourmet selection and liquor store. Overall, the project will encompass 26,000 square feet of inline retail space and up to 20,000 square feet of out parcels. Completion is expected second quarter 2014.
In addition to creating new dimension to Hollywood, the project will uphold Stiles’ commitment to sustainable development. Stiles will implement a variety of “green” practices during construction and management of the project. These practices include: construction waste management; use of low-emitting materials, recycled content and locally-sourced materials; increased energy efficiency; green housekeeping; and integrated pest management. Stiles has developed, constructed or played a key consulting role in 19 South Florida LEED (Leadership in Energy and Environmental Design) projects.
As the state’s leading full-service commercial real estate firm, Stiles is deploying the expertise of its various business units to finance, develop, construct, lease and manage the project. The various company divisions being utilized are Stiles Financial Services, Stiles Development, Stiles Architectural Group, Stiles Construction, Stiles Realty and Stiles Property Management.
The property is currently available for lease, with bays starting at 1100 square feet. For more information, please visit http://www.stiles.com or call 954-627-9300.
Stiles is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. Headquartered in Fort Lauderdale, Stiles maintains regional offices in Miami, Fort Myers, Tampa and Orlando, Florida, and has a development office in Charlotte, North Carolina. Stiles is responsible for more than 38 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States.
Contact: Adrienne Zalkind
Email: adrienne.zalkind (at) stiles (dot) com