Sembler Announces Retail Redevelopment in Ft. Myers, Fl

The Sembler Company recently began the demolition and redevelopment of Riverdale Shopping Center, a 75,581 square-foot neighborhood retail center located at 14561 Palm Beach Boulevard in Fort Myers, FL.

Portions of the shopping center, first built in 1983 and acquired by The Sembler Company in 2020, will be demolished to make way for a 46,676 square foot Publix Super Market, 1,400 square foot Publix Liquor Store, and an additional 2,400 square feet of new retail space.  The remaining existing building and the shopping center common areas will be renovated and refreshed.  The current shopping center tenants, including Dollar Tree, will remain open during construction.

The redevelopment is representative of the city’s growth in recent years. Fort Myers was named the fastest-growing city in the U.S. by personal finance site, WalletHub.com with an estimated growth rate of 5.3%. Various studies estimate the city’s population has increased between 40-55% since the 2010 census.

“We are thrilled to bring Publix to the Riverdale Shopping Center,” said VP of Development, Josh Beyer, “and excited about the transformation they, along with other new tenants and property renovations, will create at the property and within the surrounding community.”

“We’re pleased to increase our presence in a familiar market and familiar location,” said Publix Super Markets Community Relations Manager Brian West.

“Fort Myers continues to flourish with new opportunities, economic development, cultural diversity and a progressive business environment,” said Fort Myers City Manager Saeed Kazemi. “Forward-thinking investments in infrastructure and resiliency are paying off as the city approaches 100,000 residents,” said Kazemi, in a press release last fall.

Jessica Moreno (jessica.moreno@sembler.com) should be contacted for property leasing information. The Sembler Company will also provide Property Management services for the center.