The St. Joe Company (NYSE:
JOE), CASTO and Strategic Retail Advisors (SRA) hosted a groundbreaking
ceremony late last week to begin construction for their joint venture project
Pier Park
®
North, a 360,000-square-foot shopping center located across from Pier
Park Lifestyle Center on US-98 east of the State Road 79 intersection. The Pier
Park North shopping center anticipates opening in spring of 2014.
Bed Bath & Beyond
®
, Rooms to Go,
Shoe Carnival
®
, Men’s Wearhouse
®
Mattress Firm
®
and Lee Nails
& Spa join fellow national retailers Dick’s Sporting Goods, Michaels, Pier
1 Imports
®
and Kirkland’s
®
that committed last fall to leasing space at the Pier
Park
®
North
shopping center.
“The Pier Park North project is
more proof that Florida’s economy is headed in the right direction,” said
Governor Rick Scott. “I would like to thank everyone involved for their work on
making this job-creating project a reality and for creating opportunities for
Florida families.”
“We’re pleased with the
commitments from national retailers that we’ve received,” said Park Brady, CEO
of The St Joe Company. “Having so many well-known retailers at Pier Park North
indicates the tremendous growth opportunities for this region.”
“The response from the retail
community regarding the Panama City market has been very heartening,” stated
Brett Hutchens, Partner at CASTO. “These national retailers are making
long-term commitments to the area, which demonstrates confidence in the
direction of the overall region. Casto is thrilled to be a part of this
project.”
