May 28th, 2012Proposed University Town Center Mall is a Rare One
Sarasota, FL - In the world of malls, Southwest Florida is almost unique.
Construction of the $315 million Mall at University Town Center — expected to begin later this year — would put the region among only two spots nationwide where a new, regional mall is being built.
Data collected by the Directory of Major Malls shows 28 enclosed mall projects are scheduled to open in the U.S. through 2020 — but only UTC is close to being under way.
The only other big mall headline this year — excluding outlet malls — was the March opening of the City Creek Center in Salt Lake City. That mixed-use project was developed by Taubman Centers Inc. — UTC’s co-developer — and the commercial real estate division of the Mormon church.
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