The development is set to comprise retailers such as Aldi and Starbucks. Credit: The Ferber Company/PRNewswire.

American real estate developer and investment company Ferber is set to begin the construction on a 29-acre retail development in Citrus County, Florida, US.

The project is named The Shoppes at Black Diamond and is in the northwest quadrant of the junction of Norvell Bryant Highway and Lecanto Highway in Lecanto.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The Shoppes at Black Diamond will comprise retailers such as Aldi, Texas Roadhouse, Target Supercenter and Starbucks, with one additional retail pad available for lease.

Development work on the site began in October 2022 and is approaching completion in the autumn of 2023.

Construction work is set to begin in late autumn 2023, with the first shop openings scheduled for early 2024.

See Also:

Ferber executive vice-president and project lead developer Marlon Champion stated: “We saw this as a huge void for retailers and restaurants in Citrus County.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“The additions coming to this intersection to join Walmart will benefit the residents of Lecanto, Beverly Hills and Citrus County.”

Citrus County has emerged as a key residential development target.

Ferber is also working on the second phase of the shopping centre, close to The Shoppes at Black Diamond.

This ongoing project joins another retail development that commenced construction earlier in 2023 on the south side of the crossroads, next to Walmart.

Citrus County District 3 commissioner Ruthie Davis Schlabach stated: “It is an exciting time in our county as Ferber continues to break ground and contribute to our economic growth, while still adhering to the standards we have for our quality of life and environmental protection.”