Flagler Breaks Ground on 400,000-SF Expansion at Miami Retail Center

Flagler Real Estate has broken ground on the new 400,000-square-foot retail expansion at The Palms at Town & Country (pictured) in Miami. When completed, the 75-acre site located at 8268 Mills Drive and owned by TIAA-CREF, will house 700,000 square feet of mixed retail components in an open-air design and a 133,000-square-foot Professional Arts Center.Kohl’s was the first tenant to recently open in the Phase II of The Palms at Town & Country, occupying 88,800 square feet of the 397,800-square-foot retail center.  Phase I of The Palms at Town & Country, currently home to retailers such as New York & Co., Marshall’s, Men’s Warehouse, Nine West Outlet, Publix and Shaq’s 24-Hour Fitness, is open during the construction of additional phases. This existing 292,700-square-foot center underwent an expansive external renovation.  The project is scheduled for completion in the fall 2009. “The groundbreaking of the open-air retail center marks the beginning of the next chapter at The Palms at Town & Country,” Mark Yacovetta, director of asset management at TIAA-CREF Global Real Estate, said in a release.  “We look forward to creating a desirable working, shopping and dining destination for residents and tenants and create value for clients.” Karen Sanzo and Mauro Olivieri of Jones Lang LaSalle are leading the leasing efforts for The Palms at Town & Country.