POMPANO CITI CENTRE HAS PLANS FOR NEW STORES, RESTAURANTS & APARTMENTS
BY MARIE PULEO | POMPANO BEACH REAL ESTATE AND DEVELOPMENT REPORTER
POMPANO CITI CENTRE APARTMENTS: The owner of Pompano Citi Centre, the large shopping and dining property on the corner of North Federal Highway and East Copans Road, is working on getting approvals to build a large multi-family residential development on the southwest corner of the property, along the public golf course.
Part of the residential development will be on the site of the Macy’s store, which began liquidating in January after 50 years of operation. While in the midst of its final clearance sale, the store closed due to the coronavirus pandemic and will not reopen.
Although more than 50% of the businesses in Pompano Citi Centre mall were temporarily closed due to the coronavirus crisis, redevelopment of the old Sears retail store and the site of the demolished Sears Auto Center has continued, according to Robert Vreeland, Senior Vice President of Leasing for Sterling Organization, owner of the Citi Centre property.
NEW RETAIL & RESTAURANTS
The former Sears retail store is being reconfigured to accommodate multiple tenants, including a Burlington department store, TJ Maxx and Five Below (a $5-and-under retail chain store).
Crafty Crab, a full-service seafood restaurant and bar, recently signed a lease for a 6,000-square-foot ground-floor space in the northwest corner of the building, and construction will begin once permitting with the City of Pompano Beach is finalized, according to Vreeland.
Approximately 60% of the second floor of the old Sears retail store is still available for lease.
A new 18,829-square-foot retail and restaurant building is being constructed on the site where the auto center used to be, fronting Copans Road. It already has leases for three tenants, including Aspen Dental and Venetian Nail Spa.
Wing Stop, a restaurant specializing in chicken wings and chicken tenders, recently signed a lease for a space in the new retail building, and there are an additional three or four spaces that will also be filled.
The opening of Burlington and the other new stores, as well as the completion of the new retail building, was anticipated for the summer of 2020, but the coronavirus caused some delays, said Vreeland. The targeted opening date is now the end of 2020.
An International House of Pancakes (IHOP) restaurant is slated to occupy an outparcel on East Copans Road, and plans are being finalized with the City.
Another new restaurant, Saito’s Japanese Steakhouse, is ready to open soon in the main building of Pompano Citi Centre. The steakhouse was originally anticipated to open last year, but experienced delays. It will be located on the second floor, above Panera Bread.
The Pier 1 Imports store – located on the outer edge of Citi Centre, fronting Federal Highway – began closing its doors before the coronavirus outbreak. The owner of the outparcel building is currently looking for a new retail or restaurant tenant to fill the space vacated by Pier 1 Imports.
“There’s demand out there,” said Vreeland. “I’ll bet you there are 10 different retail tenants that want that space.”
THE NEW POMPANO CITI CENTRE APARTMENTS/RESIDENTIAL UNITS
Sterling Organization, based in West Palm Beach, has a contract with a multi-family developer to build 300 to 400 market-rate rental apartments to the south and west of Macy’s on land that is currently used as a parking lot.
The Macy’s store went into liquidation in January, and will be torn down. Part of the property that Macy’s currently occupies will be used for the new residential development. There are no plans to add new retail on the remainder of the Macy’s site because the shopping center “has enough retail at this time,” said Vreeland.
Macy’s owns the property where the store currently sits, and is going to sell the land to the multi-family developer.
The new development won’t be a mixed-use project – it will be strictly residential, with no stores or businesses on the ground floor.
The property, which has a commercial zoning, will have to be rezoned to allow for the residential units.
Vreeland said the location of the development is desirable because residents living there will be able to take advantage of the “beautiful golf course views,” and be able to easily walk to dining, entertainment, shopping, fitness, beauty salons, and other personal services.
No plans for the residential development have been submitted to the City yet, according to city officials.
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Photo courtesy Google