Palm Pointe Shoppes under new management

The Palm Pointe Shoppes in south Fort Myers was purchased by The Timberstone Group, Inc. for $22.5 million. The HoneyBaked Ham Company was getting its new sign installed recently at the center.

The Palm Pointe Shoppes in south Fort Myers was purchased by the Timberstone Group, Inc. recently for $22.5 million and business owners are happy with the change.

The shoppes were recently remodeled and will be expanded to include roughly 170,000 square feet of space that will available for lease.

“We feel that this will have a positive impact on the surrounding areas ... ,” said Mike Denman, of the Timberstone Group. “... we look forward to contributing to the improvements on U.S. 41 with a significant upgrade to the property.”

The shoppes currently house national and local chains including Dunkin’ Donuts, HoneyBaked Ham Company and Dan’s Fan City.

“We are happy to be here ... we are in a perfect location right on U.S. 41,” said Bob Costanzo, the assistant manager of Dan’s Fan City.

The fan store has been in business at the Palm Pointe Shoppes for more than 13 years.

“We just moved back here after a long time and we haven’t heard about much else going on but it’s good,” said Constanzo, who had to relocate the business for 15 months while renovations were made to the shopping center. “We like being right on 41 ... our customers can find us easily.”

The Timberstone Group, Inc. is in negotiations with new tenants and could not reveal what businesses would be moving in.

“We will not mention names until the tenants determine it is appropriate but we are working to see who will come in,” Denman said.

Vijay Uttam, the owner of Noble Jewelers, is welcoming the changes around his fine jewelry store.

“We are in a nicer part now and have been here since May, “ said Uttam about relocating within the shopping center to a location in front of U.S. 41. “We were in another part of the center but now we are in absolutely the best part.”

Denman said the center will continue to grow as final plans are made to the layout of the shoppes.

“Currently we are still determining what the new layout will be but having only owned the property for a few months, the design is continuing to evolve,” Denman said. “We are looking to contribute with our upgrade to the improvements on U.S. 41 landscaping and resurfacing efforts.”