PEBB Enterprises in Boca and Banyan Development Form Partnership to Bring Popular Tenants to Commercial Project in Port St. Lucie

The deals helped bring the 71,000-square-foot project to more than 50% pre-leased

Popular supermarket chain Aldi will anchor the Shoppes @ the Heart of Tradition project in Port St. Lucie’s master-planned Tradition community after PEBB Enterprises and Banyan Development finalized the lease agreement. Aldi is leasing 19,231 square feet at the neighborhood shopping center, which PEBB and Banyan are developing on nearly 15 acres as part of a joint agreement.

The project site, located just south of the intersection of Tradition Parkway and the I-95 interchange along Village Parkway and Mattamy Homes’ Manderlie residential community, will break ground in February 2023 and open at the beginning of 2024. The project’s name is a nod to its location adjacent to the “Heart” sculpture by acclaimed international artist JEFRË, designed and constructed at Tradition.

“Our leasing team has done a tremendous job securing a strong grocery anchor and important in-line tenants to serve the broader Tradition community,” Ian Weiner says. “The activity thus far validates our belief that this is an ideal retail development opportunity given the site’s location and Tradition’s residential population.”

PEBB and Banyan also finalized leases with several food-and-beverage and service-oriented retail tenants, including:

  • Kyle G’s Amore Chop House (5,800 square feet)
  • Spanish restaurant Port Tradition (5,200 square feet)
  • Tomalty Dental (1,800 square feet)
  • Le Bistro de Paris (1,400 square feet)

 

“Shoppes @ the Heart of Tradition is poised to be a dining and shopping hub, in addition to being a destination for residents to gather around the iconic Heart sculpture,” Banyan Development Principal Jason Sher says. “The retailers and food-and-beverage operators that have leased space at our project recognize its unparalleled location and access to a critical mass of residents. We look forward to a brisk lease-up of the remaining available space.”

For Shoppes @ the Heart of Tradition leasing inquiries, contact Chris Stewart at (561) 613-4020 or cstewart@pebbent.com or Jenny Schuemann at jschuemann@pebbent.com.

SFBW Staff
sfbw@lmgfl.com
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