Construction on a new mixed-use project has started in the West Delray section of Delray Beach. PEBB Enterprises and Banyan Development are working together on this venture, bringing much-needed retail and self-storage space to the area. The Atlantic II development will be located on almost 10 acres at 8778 W. Atlantic Ave. The Atlantic II project combines a multi-tenant retail building spanning around 10,000 square feet, 100,000 square feet of self-storage space and a car wash outparcel. The team behind the project has already signed a contract for selling the outparcel and plans to complete the entire venture by mid-2024.
The development of Atlantic II is being undertaken through a partnership between Liberty Investment Properties, PEBB, and Banyan. With over 30 years of experience in the field, Liberty Investment Properties has previously developed over 65 successful self-storage assets in various parts of the United States. The company is drawing on its recent strategic alliance with StoreEase Virtual Management for Atlantic II to introduce an innovative, technology-driven experience that will appeal to customers. The finalization of a lease with Paradise Grills to occupy 6,000 square feet of the retail building has been confirmed.
“We are excited to further enhance West Delray with new retail offerings and self-storage space,” PEBB President and CEO Ian Weiner says. “The area’s housing boom has created a significant need for complementary commercial real estate, and our joint venture continues to identify opportunities to fill the void.”
The Atlantic II project site is conveniently situated near PEBB’s nearby Plaza Delray, which boasts 30,700 square feet of restaurants and service-oriented retail shops. In addition, the location is close to popular retail centers like Delray Marketplace and Shop Delray, developed by Banyan.
“These centers are capitalizing on the incredible residential growth in Northwest Boca Raton and West Delray,” Banyan Development Principal Jason Sher said. “Our venture looks forward to building upon our market knowledge and successful West Delray portfolio with Atlantic II.”
For Atlantic II leasing inquiries, contact Chris Stewart at (561) 613-4020 or [email protected] or Jenny Schuemann at [email protected].
