2nd Largest Retail Project In US, The Mall At University Town Center! Here in Sarasota! At 880,000 square feet, the Mall at University Town Center is the second largest retail project under construction in the United States. Slated to open in October of 2014, the new mall will be the only high-end luxury mall in the region.
Luxury tenants such at Gucci, Tiffany's & Co., Armani and many others have already made commitments to the new mall. The companies developing the mall, Taubman Centers and Benderson Development, are attracting new luxury retailers to the Sarasota Area as well as drawing existing retailers from area malls and downtown Sarasota's Main Street. Sources close to the developers claim the mall is 90% leased.
New chain stores coming to the Mall at University Town Center include Anthropologie, Michael Kors, Kate Spade, Sony, and Salvatore Ferragamo. The Canadian chain lululemon, will open it's first full-line store in the area at the new mall. Even Apple is planning a new store at the Mall at University Town Center.
The anchor tenants at the Mall at University Town Center include Macy's, Saks Fifth Avenue and Dillard's. Rumors of Nordstrom's coming to the mall have been circulating for years. While no commitment has been announced, there is a space for a fourth anchor tenant.
According to Barry Seidel, president and founder of American Property Group of Sarasota, Inc., a commercial real estate brokerage firm, "The mall is going to be good for the whole area and we will be stronger as a region in the end for it. It will bring more people to the area, and they will buy homes and open other businesses."
The Mall at University Town Center is definitely going to shake things up here in the Sarasota Area. The Mall at University Town Center is the 2nd Largest Retail Project In The United States, Right Here In Sarasota!