- CASTO Anticipates Summer 2009 Opening of Albany Park, New Mixed-Use Development in Columbus, Ohio
- Thursday, February 28, 2008
- Columbus, Ohio — CASTO, one of the country’s leading real estate organizations, announces that the first phase of Albany Park, which will include nearly 300,000 square feet of retail and more than 27 acres of outparcels for restaurant and service tenants, is targeted to open next summer. Infrastructure work will begin soon at the site that is located at State Route 161/Dublin-Granville Road and Hamilton Road. This initial phase will contain two anchors of more than 100,000 square feet each, one of which recently closed on the purchase of its site adjacent to the center. CASTO will also be developing several office sites and a blend of residential uses adjacent to the new retail. “Albany Park’s outstanding location on the gateway to New Albany coupled with the high architectural aesthetic and impressive demographics will make it an exciting shopping alternative for Columbus consumers,” said Don M. Casto, III, partner at CASTO. ABOUT ALBANY PARK Albany Park is a master-planned community located in a high growth area with major thoroughfares offering easy access to downtown Columbus, Port Columbus International Airport and many major employers. It serves the communities of New Albany, Westerville, Gahanna and northeast Columbus, all with strong average household incomes. The number of households within five miles of the project has increased 32% since 1990 and will continue to grow in the years ahead. ABOUT CASTO CASTO, a fully integrated real estate organization based in Columbus, Ohio 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 in 90+ shopping centers and more than 4,000 residential units in 14 apartment communities located primarily throughout the midwestern and southeastern United States. CASTO currently has more than five million square feet of retail in development. CASTO also has offices in Sarasota, Florida, Raleigh, North Carolina and Charlotte, North Carolina which specialize in real estate development, brokerage and management primarily in Florida and the Carolinas. To learn more about CASTO, visit www.castoinfo.com. Casto Lifestyle Properties, based in Sarasota, Florida, focuses on the development of mixed-use lifestyle centers and is at the forefront of this niche of the industry. Following the successful development of Winter Park Village, in Winter Park, Florida, Casto Lifestyle Properties has developed and opened five mixed-use lifestyle projects in Florida and North Carolina and has two new projects underway in Morrisville/Cary, North Carolina and Mt. Prospect/Chicago, Illinois. To learn more about Casto Lifestyle Properties, visit www.castolp.com.
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