Big Pine Key Publix Deal Dies
Publix walks away from Big Pine deal. Flea Market land owner reportedly wanted more. The hope for a new Publix on Big Pine Key has been dashed.
County Commissioner George Neugent reported he received a call from David Horan, who is representing the company that was going to develop the property for Publix, indicating the purchase wasn't going to happen. Horan said that his group wanted more time to conduct due diligence on the property, but when they approached owner James Young they were told that he wanted more money.
The site for the new supermarket was to be at the property now used for the popular Big Pine Key Flea Market. Young, owner of the 11.6-acre property near mile marker 30, wanted an additional $2 million, according to Neugent, adding that Publix decided to walk away from the deal at that point. The original price was said to have been $6 million.
When the story first appeared, Publix denied the rumors. However, Monroe County Growth Management Director Ty Symroski had said that he and his staff had been in discussions with Publix officials. Neugent said he was disappointed by the news, but added that a segment of the population on Big Pine and elsewhere didn't want to see the Flea Market disappear.
Young had been quoted as saying that the Flea Market has about 147,000 square feet of retail space and Publix was asking for 50,000 square feet for its store. Neugent, who represents Big Pine, said the majority of residents would have supported a Publix, although maybe not at the cost of losing the flea market.
County Commissioner George Neugent reported he received a call from David Horan, who is representing the company that was going to develop the property for Publix, indicating the purchase wasn't going to happen. Horan said that his group wanted more time to conduct due diligence on the property, but when they approached owner James Young they were told that he wanted more money.
The site for the new supermarket was to be at the property now used for the popular Big Pine Key Flea Market. Young, owner of the 11.6-acre property near mile marker 30, wanted an additional $2 million, according to Neugent, adding that Publix decided to walk away from the deal at that point. The original price was said to have been $6 million.
When the story first appeared, Publix denied the rumors. However, Monroe County Growth Management Director Ty Symroski had said that he and his staff had been in discussions with Publix officials. Neugent said he was disappointed by the news, but added that a segment of the population on Big Pine and elsewhere didn't want to see the Flea Market disappear.
Young had been quoted as saying that the Flea Market has about 147,000 square feet of retail space and Publix was asking for 50,000 square feet for its store. Neugent, who represents Big Pine, said the majority of residents would have supported a Publix, although maybe not at the cost of losing the flea market.
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