Taubman And Benderson Development Company Begin Construction On The Mall At University Town Center In Sarasota, Fla

Taubman Centers TCO and Benderson Development Company, LLC today announced the ground breaking on an 880,000-square-foot shopping center in Sarasota, Fla. The Mall at University Town Center 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 $315 million shopping center will include more than 100 specialty stores and restaurants, approximately half of which are anticipated to be new to the market. Located at I-75 and University Parkway, the area's most heavily traveled interchange, The Mall at University Town Center will be the dominant fashion shopping destination in the growing Sarasota region. "Retailer response to The Mall at University Town Center has been tremendous," said Taubman Chief Operating Officer William Taubman. "We will feature many distinctive retailers not found anywhere else in the local market. The shopping center will offer a distinctive collection of upscale fashion and lifestyle retailers as well as sit-down restaurants."