April 26th, 2012New Sarasota Shopping Mall Signals Upswing in Retail
Sarasota, FL - A new indoor shopping mall slated to break ground this year near the Sarasota-Manatee line is a strong indication retail is helping lead the way in the area’s ongoing economic recovery, experts say.
The $315 million mall at the University Town Center will host a Macy’s, Dillard’s and Saks Fifth Avenue among 115 other stores and six sit-down restaurants. After nearly 20 years of planning, the 880,000-square-foot shopping hub on University Parkway near Interstate 75 has been slated to open in the fall of 2014.
Commercial real estate analysts said the two-story mall will create a new surge in demand for the already popular University corridor, which has become one the most sought after shopping destinations in Southwest Florida.
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