A Boston restaurant and four other tenants have secured space in an adaptive reuse project in West Palm Beach.
Loco Taqueria & Oyster Bar will open a South Florida spin off at 840 North Railroad Avenue, a former warehouse building that will be transformed into retail as part of the first phase of Nora West Palm.
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Slated to open in late 2024, Nora West Palm is a $123 million,15-acre mixed-use district that is being developed in West Palm Beach’s Providencia Park neighborhood. It’s being built by NDT Development, Place Projects, and Wheelock Street Capital.
Nora’s first phase will include about 154,000 square feet of retail space that will be spread among 13 buildings – four of which will be new and the rest being adaptive reuses of former industrial buildings. The first phase broke ground in June and will include 561-apartments as well as a five-story hotel built by New York-based BD Hotels.
Nora will be the first location outside of Boston for Loco Taqueria & Oyster Bar, a restaurant and bar with locations in South Boston and the Fenway area. The restaurant will lease 4,626 square feet of interior space and a 2,000-square-foot patio for outside dining.
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Boston-based Broadway Restaurant Group, the owner and operator of Loco Taqueria, negotiated the lease directly with Nora’s head of leasing, Francis X. Scire.
Other tenants that have signed up for space there include:
- Rumble Boxing, a fitness chain opening various locations around South Florida, will lease 2,859 square feet of space at 905 North Railroad Ave. Represented by The Comras Company in the lease negotiations.
- H&H Bagels, a New York City bagel chain featured on TV shows such as “Sex and the City” and “Seinfeld,” will lease 884 square feet at 890 North RailRoad Avenue. Represented by CBRE.
- [solidcore], a Washington, D.C.-based fitness chain, will lease 2,569 square feet of retail at 915 North Railroad Ave. Represented by Colliers.
- Van Leeuwen Ice Cream, a New York-based ice cream shop that will debut its first Florida location in an 884-square-foot spot at 870 North Railroad Ave. Represented by Vertical Real Estate.
The project is just outside of West Palm Beach’s downtown sector, an area that has attracted dozens of financial services companies from other parts of the U.S., particularly from the Northeast and Midwest.
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Based in West Palm Beach, NDT Development is a real estate developer and management firm co-founded by Ned Grace and Damien Barr. Miami-based Place Project was founded by former Goldman Properties managing director Joe Furst.
Wheelock is a Greenwich, Connecticut-based investment firm founded by real estate private equity investors Merrick Kleeman and Jonathan H. Paul.
Erik Bojnansky, South Florida Business Journal
