East Manatee Republican Club Stay Informed and Become Politically Active
Information About Our Club
Contact Information
Last NEWSWEEK Magazine
Obama's Cloward-Piven Strategy
My Twilight Years
A National Disgrace
Benghazi - What Really Happened ?
More Benghazi News
Benghazi - Cry for Help
Destruction of America
Frightening News
Obama's Accomplishments
December 2014 Meeting 
January 2015 Meeting
February 2015 Meeting 
March 2015 Meeting Information
Directions to Peridia CC
Obama Priorities 
Presidential Lies Contest
More About Obama
Obama's Public Statements
Obama Avoided Killing Osama
President's Message
History Repeated
What Will It Take?
Trivia Quiz
Clint Eastwood and For Veterans
The Doorbell & Teabags to Washington DC
Historical Truths
Passiveness in America
Too Bad for America

March 2013 Meeting

Mark Chait addressing EMRC  at March 14th meeting

New University Parkway mall to be finished on time, official says

MANATEE -- "It's full speed ahead," for the construction of the Mall at University Town Center, said Mark Chait, Benderson Development LLC's executive director of leasing, to East Manatee Republican Club members Thursday at the Peridia Golf & Country Club.

"Some of the biggest foundations," Chait has ever seen are being poured at the company's much-anticipated new retail hub, "one of only two malls that are being built now in the United States."  "We are pouring this week," said Chait who expects the mall's steel skeleton to rise out of the ground "within weeks."

He confirmed, to cheers from the audience, that the mall's targeted opening date of October 2014 was set in stone and said The Mall at University Town Center will be Southwest Florida's newest retail development drawing on "a five-county trade area" from Fort Myers to St. Petersburg.

The $315 million development under construction is a partnership with Taubman Centers, Inc. and will be a state-of-the-art, two-level, enclosed mall featuring an 80,000-square-foot Saks Fifth Avenue, a 180,000-square-foot Dillard's and a 160,000-square-foot Macy's. The shopping center will also include more than 100 specialty stores and restaurants, approximately "half of which are anticipated to be new to the market," Chait said.

Benderson and Taubman, who is doing the leasing, were still seeking a fourth anchor that Chait could not yet name. "Nordstrom, we want Nordstrom," shouted several attendees in the apparently well-informed audience.

"The University Town Center will be a catalyst for decades to come and an economic driver for both tourism and our regional economy," said Neil Spirtas, the vice president of the Manatee Chamber. "The new shops, the World Aquatic Rowing Center and infrastructure improvements when completed are features that will only enhance an already high quality of life in the two-county area."

Located at I-75 and University Parkway, the area's most heavily traveled interchange, The Mall at University Town Center will "change everything for the better and will improve values for miles around," said Pat Neal, a longtime Benderson friend and partner, and the builder and developer of homes in several nearby communities including Central Park, that stand to benefit from strengthened property values.

"Manatee County will benefit from real estate value enhancement," Neal said, but Sarasota County "will benefit from most of the sales tax" from the Mall's estimated first year sales of $440 million.

Chait estimated the mall's construction will create 1,000 jobs in addition to the 2,000 long-term jobs expected upon completion.

"Our philosophy," said Chait, "is always about long-term growth." It is different, he said from other real estate development companies, he called "merchant builders" who are more interested in "developing, building, leasing and then selling" property.

"We like to be in touch with our properties on a daily basis," said Chait. the ultimate goal, he said, is about "creating a sense of place," where people will want to shop, live and be entertained.



Webpage Updated on April 17, 2013

  Copyright (c)2009 East Manatee Republican Club & JustHost.com