Quick Links

OUR MARKETSRETAIL PROPERTIESACQUISITIONSPRESS ROOM
PEOPLEHISTORYAPARTMENTS CONTACT US
A fully integrated real estate firm, we provide expert and innovative solutions and maintain the highest standards of client service.
We build excitement.
MEDIA INQUIRIES
Please direct all media inquiries to:
614.744.2013 (office)
614.229.4378

Press Room

Casto Lifestyle Properties and 1st Carolina Properties Announce Approval of Park West Village
Wednesday, February 6, 2008
Project will bring 100 acres of retail, residential, office, hotel and entertainment components
Morrisville, NC — Casto Lifestyle Properties and 1st Carolina Properties announced today that the Morrisville Board of Commissioners has approved their Morrisville, NC-based Park West Village project. The mixed-use lifestyle center will include 750,000 square feet of local and national retail and restaurant space, 50,000 square feet of office space, 140 hotel rooms and 350 traditional and “main street over retail” residential units. Construction is scheduled to begin Spring 2008, with an opening scheduled for Fall 2009. “We are pleased to have the support of the Morrisville community, its leaders and officials on this project,” said Brett Hutchens, president & CEO of CASTO Lifestyle Properties. “We are committed to establishing Park West Village as a destination and a jewel that the community will be proud to call its own.” Ideally situated at the northeast corner of Cary Parkway and Chapel Hill Road, Park West Village will combine the appeal of a traditional main street with a wide range of shopping and dining options. The center itself will be the only project of its kind in the local market and has already attracted the attention of many national brand retailers and premium restaurants. "Park West Village is poised to become the premier shopping and entertainment destination in Wake County,” said Connell Radcliff, president of 1st Carolina Properties. “We look forward to starting construction and bringing this project from concept to reality.” ABOUT CASTO LIFESTYLE PROPERTIES Casto Lifestyle Properties, an affiliate company of CASTO, is based in Sarasota, Florida and focuses on the development of mixed-use lifestyle centers. Current projects include the firm’s redevelopment of the 524,000-square-foot Winter Park Village in Winter Park, Florida; One Hundred Central, a private-public partnership with the City of Sarasota, anchored by Whole Foods Market; Main Street at Lakewood Ranch, a 170,000 square-foot lifestyle center development located in the heart of the 28,000-acre Lakewood Ranch project; and Lakeside Village, a 500,000 square foot mixed-use lifestyle center located south of Lakeland, FL. The firm also operates multiple locations in the Carolinas, with offices in Charlotte and Morrisville. To learn more about CASTO Lifestyle Properties call (941) 552-2700 or visit www.castolp.com. ABOUT CASTO CASTO, a fully integrated real estate organization since 1926, is a recognized leader in the ownership, management, acquisition and development of commercial shopping centers and multi-family residences, office buildings and corporate parks. CASTO’s growing portfolio currently includes over 20 million square feet of commercial property and nearly 7,000 residential units located primarily throughout the midwestern and southeastern United States. To learn more about CASTO call (888) 400-0878 or visit www.castoinfo.com. ABOUT 1st CAROLINA PROPERTIES Based in Cary, North Carolina, 1st Carolina Properties' mission is to leverage their vast tenant relationships, market knowledge and development expertise to create a portfolio of first class shopping centers throughout the Carolinas. The company's three partners have 65 years of combined experience in the development of community, neighborhood, lifestyle and power centers throughout the Southeast. Through their tenant relationships, 1st Carolina Properties has developed projects for both regional and national tenants, including Belk, The Home Depot, Kohl's, Bed Bath & Beyond, Ross Dress for Less, Piggly Wiggly, Bi-Lo, Lowe's Foods and Kroger. To learn more about 1st Carolina Properties call (919) 589-0380 or visit Www.1stcarolinaproperties.com

# # #

[ « return to list ]