New Retail Development In Melbourne Secures Two National Tenants As Anchors

Construction is about to commence on a new retail project that will bring a well-known specialized grocery store and a fitness brand with headquarters in Phoenix to Brevard County.

A subsidiary of the Atlanta-based investment company Longline Holding LLC, Longline Financial, stated on March 1 that it had lent $29.65 million to Tampa-based developer Barclay Group for the building of Pineda Commons, a planned retail development on Melbourne’s north side.

Two global tenants will serve as the project’s pillars. The city of Melbourne has granted permits for a $4.2 million, 23,479-square-foot Sprouts Farmers Market grocery store and a $10.1 million, 42,414-square-foot EoS Fitness facility.

Two other permits that the city has granted for Pineda Commons are for a 1,857-square-foot Fifth Third Bank branch, valued at $3 million, and a 7,000-square-foot inline retail building with five different spaces for lease, valued at $1.3 million.

A site plan also reflects additional outparcel opportunities, including three ground-leased properties.

Pineda Commons will rise on 17.8 acres at 5185 and 5195 N. Wickham Road, just south of the Pineda Causeway.