Portofino Plaza

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Portofino Plaza

Address

14451 S. Military Trl
Delray Beach, FL 33463
United States
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Property Type: Retail
Base Rent: $26/PSF
Listing Status: Leased

Contact Info

Michael Mandel
Direct: 561-706-2905
Michael@atlanticcg.com

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Property Description

Portofino Plaza is 16,766 square foot neighborhood strip center located in central Delray Beach on military trail on the west side of the road close to intersection of Atlantic Avenue. The 1,610 square feet of available space boasts an open floor plan that can accommodate a wide variety of Retail and Office uses.

Portofino plaza is located in close proximity to I-95 and the Turnpike and was constructed in 2005 including Hurricane Impact windows throughout. The surrounding market area to this property is well established and serves a year-round population. This area serves as a the major retail corridor through central Delray Beach with heavy daily traffic. I-95 & Turnpike Atlantic Ave off ramps provide easy access to this center. This area is extremely stable and growing with many successful businesses and corporate offices.

Additional Information Site Highlights
County: Florida
Shopping Center GLA: 16,766 SF
Min. Divisible Space: 1,610 SF
Max. Contiguous Space: 1,610 SF
Total SF Available: 1,610 SF
  • Major Retail Corridor with high traffic counts of 32,000 cars per day
  • Close access to I-95 and Turnpike
  • Prominent overhead signage
  • Ample parking field
  • Diverse tenant mix
  • Blocks away from sought after Atlantic Avenue
  • NC- Neighborhood Commercial Zoning
Recent News

Stores remain dominant, even as digital, AI shopping grows

Physical stores still dominate retail, with 77% of purchases made in-person in 2025—even as AI and e-commerce continue to grow. According to EY research, most consumers still prefer to shop for fresh food, snacks, and beverages offline, and 94% make final purchase decisions in-store after browsing online.

EY’s Jon Copestake warns retailers not to underestimate the value of brick-and-mortar. While AI tools assist shoppers, few trust them to complete purchases. Instead, stores are crucial for discovery, promotions, and building loyalty.

Forward-thinking retailers are reimagining their physical spaces with services like rentals, repairs, and immersive experiences. As Copestake says, “If you're cutting stores, you may be missing a significant trick.”

Revoked Visa Programs, Increased Deportations Heighten Risks To Construction Labor Force

In Doral, once-busy streets and shops are suddenly quiet as fear spreads among immigrant communities following the rollback of legal protections like TPS and the CHNV parole program. The Biden-era policy had allowed over 500,000 immigrants from countries like Venezuela and Haiti to live and work legally in the U.S., but recent reversals by the Trump administration have left many without work authorization—and too afraid to leave home.

The impact is already being felt in South Florida’s construction and development sectors, where immigrants make up more than 25% of the workforce. With workplace raids increasing and employers required to use E-Verify under Florida’s SB 1718, developers may face labor shortages, project delays, and rising costs. Industry leaders warn that this could be just the beginning.

Mall traffic dips in June, half-year traffic mostly positive

Mall traffic dipped slightly in June 2025, ending a two-month streak of growth, as shoppers pulled back following a spring surge possibly fueled by anticipated tariff hikes. Indoor malls showed the most resilience, with visits down just 0.7% year-over-year, while outlet malls saw the steepest decline at 4.4%.

Despite the June slowdown, the first half of 2025 painted a largely positive picture: indoor mall visits rose 1.8%, open-air centers grew 0.6%, and average visit duration increased across all formats—indicating stronger consumer engagement. Notably, indoor malls edged past pre-pandemic levels for the first time, up 0.3% from 2019.

The recovery continues, with open-air centers maintaining the most consistent post-COVID performance, and indoor malls closing the gap. As Placer.ai notes, the mall rebound story is still unfolding.