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CASTO ANNOUNCES PHASES II & III CONSTRUCTION TO COMMENCE AT PARK WEST VILLAGE
Monday, March 19, 2012
200,000 additional square feet to be built on 100-acre project
Morrisville, NC

CASTO, one of the country’s leading real estate organizations, announced today that construction will commence on the next phases of the mixed-use lifestyle center, Park West Village.   Park West Village is located at the southwest corner of Cary Parkway and NC-54/Chapel Hill Road. 

 

“Another 200,000 square feet of retail space will commence this month,” stated Shannon Dixon, VP of Development, Leasing & Asset Management for CASTO’s Southeast operations.

 

Joining the next phase of Park West Village is a 55,000 square foot, state-of-the-art 14-screen cinema, operated by Stone Theatres, formerly Consolidated Theatres.  This location will be one of several new theatres opened by the founder of Consolidated Theatres, Herman Stone.  Mr. Stone commented on his choice of this location by saying, “The Raleigh market has always been a strong market and when it came time to choose one of our first locations after the sale of Consolidated, it was key for us to find the best site with great demographics, upward movement in population and a strong developer.  Park West hit on all three for us.”  The architecture of the project will lend itself to unique design for the theatre with a prominent water feature at the entrance; a signature item consistent with Stone Theatres throughout the eastern United States.

 

Additionally joining Park West Village includes Gander Mountain and The Wine Guy Bistro.  Gander Mountain, the outdoor superstore, will occupy 52,000 square feet.  The Wine Guy Bistro, based out of Columbus, Ohio, will be 6,000 square feet and plans to offer wine samplings with a retail wine shop and great, savory food selections. 

 

About Park West Village

Ideally situated at the heart of one of the most desirable locations in the country, Park West Village is a new 100-acre mixed-use development that includes a town center district, a community center with sought-after major retail anchors, upscale casual restaurants and a movie theater, all of which will be mixed with residential, office and hospitality.  For more information, please visit www.parkwestvillage.net.

 

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 23 million square feet of commercial property and nearly 4,000 residential units located primarily throughout the Midwestern and southeastern United States and Puerto Rico.  CASTO currently has more than three million square feet of retail in development. To learn more about CASTO call (888) 400-0878 or visit www.castoinfo.com.

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