{"id":1004051724,"date":"2012-04-29T19:41:32","date_gmt":"2012-04-30T03:41:32","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=45505"},"modified":"2022-12-03T18:12:15","modified_gmt":"2022-12-04T02:12:15","slug":"groundbreaking-nears-for-taubmans-315m-sarasota-mall","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/groundbreaking-nears-for-taubmans-315m-sarasota-mall\/","title":{"rendered":"Groundbreaking Nears for Taubman\u2019s $315M Sarasota Mall"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Georgiana Mihaila, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">Taubman Centers Inc. announced that construction will start later this year on its state-of-the-art, 880,000-square-foot Mall at University Town Center. Partnering with Benderson Development on the $315 million project, Taubman will own 50 percent of the shopping center, while also being responsible for development, management and leasing.<\/p>\n<p style=\"text-align: justify\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-45506\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/University-Town-Center.jpg\" alt=\"\" width=\"300\" height=\"210\" \/><\/p>\n<p style=\"text-align: justify\">According to an official statement, the two-level enclosed shopping center will feature an 80,000-square-foot Saks Fifth Avenue, a 160,000-square-foot Macy\u2019s and a 180,000-square-foot Dillard\u2019s, along with approximately 115 stores\u2014more than half expected to be new to the market. In addition, a fourth department store is planned to be added at a future date.<\/p>\n<p style=\"text-align: justify\">Located at I-75 and University Parkway in Sarasota, the shopping center is expected to open in the fall of 2014.<\/p>\n<p style=\"text-align: justify\">&#8220;The Mall at University Town Center will be one of the premier shopping destinations on the west coast of Florida,&#8221; said Robert Taubman, chairman, president &amp; CEO of Taubman Centers, &#8220;and it will be the preferred shopping destination in the Sarasota region for locals and visitors alike.&#8221;<\/p>\n<p style=\"text-align: justify\">The Mall at University Town Center joins several other dominant fashion centers in Florida owned or co-developed by Taubman, including International Plaza in Tampa, Waterside Shops at Pelican Bay in Naples and Mall at Millenia in Orlando.<\/p>\n<p style=\"text-align: justify\">Taubman Centers is a real estate investment trust engaged in the development, leasing and management of regional and super-regional shopping centers. Taubman&#8217;s 27 U.S.-based owned, leased and\/or managed properties, the most productive in the publicly held U.S. regional mall industry, serve major markets from coast to coast. Taubman Centers is headquartered in Bloomfield Hills, Mich., and its Taubman Asia subsidiary is headquartered in Hong Kong.<\/p>\n<p style=\"text-align: justify\"><em>Image Courtesy of Taubman Centers, Inc.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taubman Centers Inc. announced that construction will start later this year on its state-of-the-art, 880,000-square-foot Mall at University Town Center. Partnering with Benderson Development on the $315 million project, Taubman will own 50 percent of the shopping center, while also being responsible for development, management and leasing.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1612],"tags":[1815,39486],"class_list":["post-1004051724","post","type-post","status-publish","format-standard","hentry","category-latest","category-tampa","tag-national","tag-tampa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Groundbreaking Nears for Taubman\u2019s $315M Sarasota Mall - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/groundbreaking-nears-for-taubmans-315m-sarasota-mall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Groundbreaking Nears for Taubman\u2019s $315M Sarasota Mall\" \/>\n<meta property=\"og:description\" content=\"Taubman Centers Inc. announced that construction will start later this year on its state-of-the-art, 880,000-square-foot Mall at University Town Center. Partnering with Benderson Development on the $315 million project, Taubman will own 50 percent of the shopping center, while also being responsible for development, management and leasing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/groundbreaking-nears-for-taubmans-315m-sarasota-mall\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-04-30T03:41:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T02:12:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/University-Town-Center.jpg\" \/>\n<meta name=\"author\" content=\"Amalia Otet\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/groundbreaking-nears-for-taubmans-315m-sarasota-mall\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/groundbreaking-nears-for-taubmans-315m-sarasota-mall\\\/\"},\"author\":{\"name\":\"Amalia Otet\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9f6a1043b1429cf8ff129c75614caa73\"},\"headline\":\"Groundbreaking Nears for Taubman\u2019s $315M Sarasota Mall\",\"datePublished\":\"2012-04-30T03:41:32+00:00\",\"dateModified\":\"2022-12-04T02:12:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/groundbreaking-nears-for-taubmans-315m-sarasota-mall\\\/\"},\"wordCount\":291,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/groundbreaking-nears-for-taubmans-315m-sarasota-mall\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/04\\\/University-Town-Center.jpg\",\"keywords\":[\"National\",\"Tampa\"],\"articleSection\":[\"News\",\"Tampa\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/groundbreaking-nears-for-taubmans-315m-sarasota-mall\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/groundbreaking-nears-for-taubmans-315m-sarasota-mall\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/groundbreaking-nears-for-taubmans-315m-sarasota-mall\\\/\",\"name\":\"Groundbreaking Nears for Taubman\u2019s $315M Sarasota Mall - 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