South Florida Business Journal: EXCLUSIVE: First Wawa in Miami-Dade to be part of major redevelopment projectDecember 19, 2017
IMC Equity Group has landed the first Wawa convenience store in Miami-Dade County as part of the redevelopment of a retail center in Miami Gardens.
The Pennsylvania-based chain that offers gas, coffee and fresh food has announced plans to open dozens of locations in South Florida. All of the sites that have been revealed so far have been in Broward and Palm Beach counties, until now.
North Miami-based IMC Equity Group acquired the 32.8-acre site at 18000 N.W. 27th Ave. (on the corner of Miami Gardens Drive) for $7.08 million in 2015. It demolished the old shopping center to create a new project, called Miami Gardens Promenade. The new center will total about 270,000 square feet.
IMC Equity Group Director of Acquisitions and Finance Carlos Segrera said the property is 70 percent leased.
“We are very excited about this project as it is difficult to find such large tracts of infill land, in such desirable location, with a cost basis that makes an economically viable end product,” Segrera said. “Our goal is to make this corner into the main retail attraction where City of Miami Gardens residents can come and shop, dine, and enjoy the facilities provided.”
A Wawa service station will be built on the hard corner of Miami Gardens Drive and Northwest 27th Avenue. The largest tenant would be Burlington Coat Factory with 50,000 square feet, followed closely by dd’s Discounts with 49,000 square feet, Segrera said.
Other tenants would include Marshalls with 20,500 square feet, Party City with 13,000 square feet, Dollar Tree with 10,000 square feet, Ross Dress for Less, Citi Trends and Lucky Me, he said.
“We are also working with a couple of supermarkets,” Segrera said. “On the out parcels, thus far, we have O’Reilly Auto Parts and Simon Shoes, while existing out parcels include Taco Bell, Snappers Restaurant and McDonalds.”
Segrera said that smaller in-line spaces will be available for local tenants once the project gets closer to construction completion. There’s also another out parcel available. IMC plans to break ground in the fourth quarter and finish up in about a year.
In addition, the developer would built about 73,000 square feet of self-storage under the A+ Mini Storage brand behind the shopping center.