Lake Wales, FL - Panera

Description:

• Panera Bread is part of a larger development that features ALDI and Take 5 located off the signalized, hard corner intersection of Thompson Nursery Rd & US Hwy 27 (combined 49,000 VPD)
• Adjacent to Shoppes On The Ridge, a Publix-anchored center that ranks in the 73rd percentile out of all nationwide neighborhood centers
• Panera is also adjacent to the Serenity at Lake Wales apartments, which boasts 272 units across 12 acres
• New developments:
• Lake Wales Commons could host as many as 3,200 new units along with 1M+ SF of light industrial and warehouse space on about 558 acres (see next page for more)
• Miami-based home builder Lennar purchased the 1,137-unit projects of Hunt Club Grove North and South in Lake Wales from Celebration-based CBD Real Estate Investment in 2022 (see next page for more)
• Developers are approved to build 6,000 new homes on roughly 1,841 acres west of Eagle Ridge Mall and south of Thompson Nursery Road