Broadmoor Village Shopping Center redevelopment begun

The redevelopment of the Broadmoor Village Shopping Center is under way. The 80,000-square-foot center was sold late last year to Clarke Heebe, a New Orleans investor who specializes in redevelopment. A 24-hour fitness club has signed a lease for a 28,000-square-foot spot and is currently demolishing the space, says Austin Earhart, an agent with Beau Box Commercial Real Estate, who is handling the leasing. Earhart says he’s talking to grocery stores, furniture chains, restaurants and apparel retailers about leases. Family Dollar, which is one of the main tenants of the center, is considering building a new freestanding store at the corner of the property. “This property is really important to the residents of Broadmoor and Sherwood Forest,” Earhart says. “This is their shopping center.” The center is by those neighborhoods and easily accessed by side streets. Earhart says if the center is redeveloped properly, then Broadmoor and Sherwood Forest residents would be able to buy groceries and other necessary items without having to cross Airline Highway, Florida Boulevard or Old Hammond Highway. For the rest of Real Estate Weekly, click here. —Timothy Boone