PEBB Enterprises Begins Construction on Delray Beach Retail Development, Announces Exciting Mix of Tenants
Start of Plaza Delray is a full-circle moment for real estate company, which developed its first shopping center in the city in the 1970s
DELRAY BEACH, FL – Feb. 24, 2020 – PEBB Enterprises, a full-service private real estate investment company, has started work on Plaza Delray after acquiring the site of the retail development in the rapidly growing West Delray section of Delray Beach. The project already has signed leases from numerous retailers and restaurants, including Dunkin’, Sicilian Oven, Olive U Mediterranean Grill, The Poké Company and Brendy’s Ice Cream & Yogurt.
For PEBB, Plaza Delray is a return to the family-owned company’s roots. Its first ground-up retail development was completed in Delray Beach in 1974 near the intersection of Atlantic Avenue and Military Trail.
Located near the intersection of West Atlantic Avenue and Lyons Road, Plaza Delray’s plans include 30,700 square feet of restaurants and service-oriented retail shops. Salon Suites and Anderson & Cole Nail Spa are also leasing space at the project. Dunkin’ is set to occupy an outparcel with a modernized version of the coffee chain’s store locations and drive-thru.
RLC Architects designed Plaza Delray, which is conceived with breezeways to accommodate outdoor dining and lush green gathering spaces. The project is expected to be completed during the first quarter of 2021.
Plaza Delray is poised to provide much-needed restaurant and retail options for a section of Delray Beach that is experiencing tremendous residential activity. Thousands of high-end homes have been built in close proximity to the project, including GL Homes’ Seven Bridges and Dakota communities.
“We are thrilled to officially acquire the Plaza Delray site and begin construction on an impactful retail project in our backyard,” PEBB Enterprises President and CEO Ian Weiner said. “The initial leasing momentum underscores the intense demand for restaurants and everyday retail shops servicing the many nearby residents.”
For information about leasing opportunities at Plaza Delray, contact Chris Stewart or Jenny Schuemann at (561) 613-4020.
About PEBB Enterprises: Based in Boca Raton, FL, PEBB Enterprises is an entrepreneurial, full-service private equity real estate investment company. PEBB has operated as a family-owned business for more than four decades and takes pride in the company’s team of forward-thinking associates who continue to push and expand PEBB’s growth on a daily basis. PEBB has an unparalleled track record of acquiring and developing high-quality neighborhood, regional and power shopping centers, as well as suburban office buildings. The company’s vast portfolio includes properties in Florida, Texas, Nevada and numerous Midwest and Southeast states. For more information, visit https://pebbenterprises.com/.