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.

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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.

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.

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“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.”