News Summary
Riverview is set to welcome a new retail center developed by the Ferber Co., featuring tenants like Dutch Bros and Discount Tire. The 13.54-acre site, located near Balm Road and U.S. Highway 301, aims to enhance the shopping and dining experience in the community. With a price tag of $2.65 million for the land, the project promises to boost local economic growth as it unfolds.
Exciting Retail Developments Coming to Riverview!
Riverview residents have some exciting news to look forward to! The Ferber Co., a well-known developer headquartered in West Palm Beach, has just snagged a prime piece of land, a whopping 13.54 acres to be exact, right near the intersection of Balm Road and U.S. Highway 301. This new property acquisition promises to bring a thrilling retail center to our neighborhood.
What’s on the Horizon?
With plans already in motion, Ferber is gearing up to create a bustling retail center that will not only provide shopping but also a variety of services for the community. So far, some confirmed tenants set to open their doors at this new development include popular names like Dutch Bros, a coffee shop that has been gaining fans across the country; Discount Tire, a go-to spot for tire needs; and Tidal Wave Car Wash, sure to keep our vehicles sparkling clean. Plus, there is a self-storage facility in the works that hasn’t been named yet, which will be convenient for many needing extra space.
But that’s not all! You can also expect to see some high-volume fast food and quick-service restaurants popping up in this center. With so many options on the way, it sounds like Riverview will soon be a one-stop-shop for dining and shopping!
Making It Happen
In making this grand vision come alive, Ferber Co. paid a substantial $2.65 million for the land. This deal took quite a bit of time to complete—several years, in fact—largely due to zoning and permitting challenges that often accompany big development projects. Fortunately, the team at Ferber persevered!
The entire deal was brokered by Eshenbaugh Land Co., based in Tampa, ensuring that all legal and procedural matters were handled correctly. Ryan Sampson, from Eshenbaugh, represented the seller throughout this transaction, helping smooth the way.
A Bright Future Ahead
Ryan Plate, who serves as Vice President of Development Services at Ferber, noted that the retail tenant lineup is perfectly aligned for success, as they are expected to thrive in the fast-growing south Hillsborough County market. With so many new faces emerging in Riverview, the local economy is poised to experience a wonderful boost through this development.
The finances backing this grand project come from Cogent Bank, a partner trusted to support ambitious business ventures such as this one. The alignment of financing with a sustainable vision for growth reflects Ferber’s long-standing commitment to enhancing communities since its inception in 1907.
More About Ferber Co.
For those unfamiliar, Ferber Co. is a privately held real estate and investment firm that has been making waves across the country for over a century. Not only do they have projects in our very own state of Florida, but they also boast ventures in places as far-reaching as New Jersey with a Chase Bank branch and an impressive retail center in Austin, Texas. Furthermore, they’ve built a robust local portfolio that includes properties in cities like Naples, Fort Myers, Lakeland, and St. Petersburg.
Wrapping it Up
As Riverview welcomes new shopping and dining opportunities, community members can keep their fingers crossed for a timeline on the opening of this fresh retail center. With a mix of beloved brands and new, promising faces, it looks like there are many reasons to be excited about what’s to come in our neck of the woods! So grab your shopping bags and get ready, Riverview—you’re in for an adventure!
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Additional Resources
- Business Observer: Riverview Retail Center Built
- Wikipedia: Riverview, Florida
- Patch: New Publix Planned in West Bradenton Development
- Google Search: Riverview Florida Development
- Osprey Observer: Riverview-Wimauma Projects Win Big
- Encyclopedia Britannica: Florida
- Multifamily Biz: Cross Lake Partners Announces Completion
- Google News: Retail Developments in Florida
- PR Newswire: Mill Creek Announces Start of Preleasing at Modera Riverview
