St. Petersburg-based The Sembler Co. is redeveloping the Publix-anchored Nokomis Village Shopping Center at 1091 Tamiami Trail N., Nokomis.
The Publix supermarket will close March 30, but the other tenants including Anthony's ladies apparel, Village Pharmacy, Ophelia's Pasta restaurant and Saltwater Cafe will remain open while the new Publix store is under construction. Publix is expected to re-open in its new building before the end of 2013.
The developer also plans to make landscaping and building facade upgrades to the 143,697-square-foot center.
The Sembler Co. took over the third-party management of the Nokomis Village Shopping Center about four years ago, and on behalf of the owner the Cofinance Group, handled the deal to tear down the existing Publix and redevelop the entire center. In fall 2011, Sembler then purchased the more than 30-year-old center.
“From the moment we took over the management of Nokomis, we could see the potential for its redevelopment,” Steve Althoff, The Sembler Co.'s senior vice president of leasing and property management, says in a press release. “It's a high-traffic store but it just needs a facelift - such is the life cycle of retail.”
This is Sembler's second Publix redevelopment in the last two years.
Sembler has developed more than 325 real estate projects totaling 27 million square feet and currently leases and manages more than 12.5 million square feet.