Walmart To Replace Hollywood Fashion Center

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Barbour also believes Wal-Mart's presence will bring more businesses.

"It's important to have a global retailer move into our community," Barbour said. "It signals confidence in the marketplace and attracts other national tenants."

The 180,000-square-foot Wal-Mart Supercenter and pharmacy will sell groceries, clothes, household items and other general merchandise. Wal-Mart will occupy about half of what will be called "The Place at Hollywood." Other parcels will be built for surrounding stores and restaurants.

Dacar Management bought the property about four years ago for $15.8 million, said Alberto Micha, a firm representative.

"Wal-Mart will bring a lot of life into the area," Micha said, adding that at least 165,000 people live within three miles of the development. "We're sure that this will not only be a good investment but a good service to the community. We'll change the face of that area."

Dacar owns several other retail centers in South Florida, including a shopping center on U.S. 441 across the street from the Wal-Mart site. Micha said Dacar also plans to upgrade that plaza.

Mercedes Ramos, 77, rides the bus for about five minutes to get to a thrift store across the street from the new development. She's happy she will soon have a Wal-Mart nearby as an option. Every now and then, the Hollywood resident takes the bus to a Wal-Mart in Hallandale Beach.

"I hope it lasts," Ramos said of the upcoming shopping center.

The owner of a subs restaurant on Hollywood Boulevard also hopes the new development is successful.

"Look at it now," said Don Drybread, owner of Sub Center, pointing to demolition debris across the street. "It's empty, terrible, ugly. People don't want an area that's depressed. They want an area that's happening.

"Hopefully this will give me exposure, no one wants to be on a block where you are the only business."

mvalverde@tribune.com, 954-356-4526, Twitter @MiriamValverde

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Source : http://articles.sun-sentinel.com/2014-04-03/business/fl-millenium-mall-hollywood-demolition-2-20140403_1_millennium-hollywood-hollywood-boulevard-wal-mart-supercenter

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