- January 28, 2025
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The Franklin Street Retail Services team will lead leasing for The Promenade at Town Center, a 230,000-square-foot mixed use development in Palm Coast which is expected to complete construction in 2026.
The Promenade will include 204 residential units and 57,000 square feet of commercial space of retail, restaurant and professional office uses on the ground floor. The developers of The Promenade are Persimmon Capital Partners LLC and the project broke ground in July 2024, according to a press release.
“This is an exciting project, and our team is ready to identify and secure tenants to ensure this development is a top-tier destination for this rapidly growing community for generations to come,” said Ricky Ostrofsky, regional managing director of Franklin Street’s Jacksonville office in the press release. “Our team’s experience, ability to offer tailored solutions to our clients and the development’s irreplaceable location put us in a strong position to be successful. There will be something for everyone at The Promenade with opportunities for both large format and boutique retailers, restaurants, service providers and professional office users.”
The Promenade will be located in the Palm Coast Town Center neighborhood. The residential units will include studio, one- and two-bedroom apartment units with balconies. The Promenade will also include outdoor amenity areas for the community, a rooftop venue and lounges for special events.
“The Promenade at Town Center will uniquely provide an 18-hour lifestyle to the Palm Coast community,” said Kaelyn Cassidy, senior associate for Franklin Street, in the press release. "With its prime location just a short walk to a cinema, City Hall, MedTech campuses, local parks, multi-use trails and the area’s largest high school, this is an appealing opportunity for future tenants to be in the heart of a vibrant live-work-play neighborhood and in a booming area of future growth.”
