DEERFIELD BEACH, Fla. (December 17, 2021) – Deerfield Beach-based Konover South LLC announced the acquisition of the 30.2-acre property to be developed as Coconut Crossing.
Situated at the corner of Northlake Boulevard and Coconut Boulevard, Coconut Crossing is a fully site plan approved retail development, located across from the main entrance of the upscale residential community of Avenir in Palm Beach Gardens.
Coconut Crossing will serve the community with up to 100,000 sf of commercial businesses, and is expected to include a grocer, daycare, restaurants, gas station, and other retail conveniences. Negotiations are underway with a national grocer, gas station, high end national coffee shop, national dental provider, a first-class daycare, as well as several other restaurants and service-oriented businesses.
In making the announcement, Jeffrey Williams, Executive Vice President of Development and Construction of the Deerfield Beach, Fla.-based company, said construction is expected to begin late in the fourth quarter of 2022.
Williams added “Our entire family at Konover South couldn’t be more excited for this project. Getting to the closing has taken two years, a dedicated partner across the table, the help of Palm Beach County, numerous professional service firms, and the hard work of our in-house leasing, legal, property management, construction, and development teams. Providing a quality development for an underserved and growing community within our own backyard makes this project that much more fulfilling.”
Konover South purchased the property from Atlantic Land Companies for an undisclosed price.
Avenir is a 4,752-acre master-planned community by Landstar Development Group. It will include 3,900 homes, 2,400 acres of natural area, recreation areas, a working farm, retail, commercial space, and a high-end golf course.
At the helm as CEO of Konover South since 2010, David Coppa has transformed the venerable 62-year-old family business into a recognized leader in retail infill ground-up centers, primarily in Florida’s core markets. Coppa is now in his 20th year in the family business, which was founded by the legendary Simon Konover in 1957. Built on a legacy of family tradition spanning three generations, Konover South continues the successful track record of The Simon Konover Organization, an industry-leading real estate company since 1957. Konover South is a fully integrated acquisition, development, and management company operating throughout the southeastern United States. Led by David Coppa, CEO, Konover South, LLC, is headquartered at 431 Fairway Drive, Deerfield Beach, Fla.