REAL ESTATE

Taubman, Benderson launch construction on Mall at University Town Center

BY Katherine Boccaccio

Sarasota, Fla. – Bloomfield Hills, Mich.-based Taubman Centers and Sarasota, Fla.-based Benderson Development Co. announced the ground breaking on a $315-million, 880,000-sq.-ft. shopping center in Sarasota, Fla.

The Mall at University Town Center will be a two-level enclosed mall anchored by Saks Fifth Avenue, Dillard’s and Macy’s, and featuring more than 100 specialty stores and restaurants.

The Mall at University Town Center is scheduled to open in Oct. 2014.

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REAL ESTATE

Waynesville Commons opens doors

BY Katherine Boccaccio

Waynesville, N.C. — Chattanooga, Tenn.-based CBL & Associates Properties announced the opening of its newest community center development, Waynesville Commons, a 127,500-sq.-ft. community center in Waynesville, N.C.

Joining the existing Walmart, the 100% leased center is anchored by an 85,000-sq.-ft. Belk, Michaels and PetSmart, along with 11,000 sq. ft. of specialty stores including US Cellular and Rack Room Shoes.

Belk relocated from its former 50,000-sq.-ft. store at Ingles Market to a new 85,000-sq.-ft. store at Waynesville Commons. The new store incorporates the brand’s most current design, lighting, merchandise presentation and décor, and offers an expanded assortment of brands and lines.

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REAL ESTATE

Party City, VisionWorks to open at Upland Square

BY Staff Writer

Conshohocken, Pa. — Plymouth Meeting, Pa.-based Fameco Real Estate said that Party City and VisionWorks have signed leases at Upland Square, located in West Pottsgrove, Pa.

Party City has signed a lease for 9,000 sq. ft. and VisionWorks has signed a lease for 3,825 sq. ft. These retailers will join anchors Target, Giant, Best Buy, LA Fitness, TJ Maxx and Bed, Bath & Beyond at the 600,000-sq.-ft. power center.

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