Sembler reinvents Park 66 property

St. Petersburg, Fla. -- The Sembler Co. announced Monday that it is redeveloping its Park 66 shopping center, located in St. Petersburg, Fla., and owned by the company since 1970.



A Wal-Mart Neighborhood Market is being added to the property as part of the redevelopment – slated to open fall 2013 – and other tenants are being relocated.



“It’s exciting to watch this redevelopment unfold. It’s been in our portfolio for so long now and has seen several retailers through many market cycles,” says Josh Beyer, Sembler VP of development.



Sembler opened Park 66 in 1970 with A&P as its anchor.