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CASTO Announces Groundbreaking for Park West Village
Tuesday, May 6, 2008
Project will bring 100 acres of retail, residential, office, hotel and entertainment components
Morrisville, NC — CASTO Lifestyle Properties, an affiliate of Columbus-based real estate development firm CASTO, and 1st Carolina Properties announced today that construction is officially underway at Park West Village. The mixed-use lifestyle center will include 700,000 square feet of local and national retail and restaurant space, 50,000 square feet of office space, 140 hotel rooms and 325 traditional and “main street over retail” residential units with openings beginning in Fall 2009. “Sustainability will be a primary focus for the construction activity taking place at Park West Village,” stated Connell Radcliff, partner at 1st Carolina Properties. “We’ll be salvaging all re-usable materials from the site, including existing metals and concrete.” “We are pleased with our progress thus far,” added Radcliff. “We look forward to the completion of this exciting and environmentally-friendly project.” 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. 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 23 million square feet of commercial property and nearly 4,000 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, 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) 657-5005 or visit www.1stcarolinaproperties.com

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