TAMPA S UNIVERSITY MALL ANNOUNCES MAJOR REDEVELOPMENT PLANS. Construction is slated to begin as soon as first quarter 2016

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1 PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Elizabeth Cross Daniel Jimenez TAMPA S UNIVERSITY MALL ANNOUNCES MAJOR REDEVELOPMENT PLANS Construction is slated to begin as soon as first quarter 2016 Tampa, FL June 22, 2015 CBRE announces the upcoming redevelopment of the University Mall in Tampa. Mall owner, RD Management LLC, released designs for the first phase of a major renovation to the Mall. The first phase will include significant changes to the Mall s western wing, transforming approximately 246,500 square feet of retail space. The first phase calls for the addition of three new anchor stores, as well as two new freestanding restaurants located on outparcels along Fowler Avenue. A full list of newly committed retailers will be announced at a later date. Renovations are slated to begin in early Future phases will include similar improvements. With this redevelopment project, RD Management is reaffirming University Mall s commitment as a pre-eminent shopping destination in Tampa Bay, now and well into the future, said CBRE s Keily Potter, University Mall Marketing Manager. We are completely reimagining the shopping, dining and entertainment experience for our residents and visitors alike. Located on the doorstep of University of South Florida and several other major area employers, University Mall is home to over 125 retail tenants, including Macys, Sears, Burlington Coat Factory and Dillard s. The property underwent an $11 million interior and exterior renovation in 2008, and was acquired by RD Management in In October of last year, the property added its first major new tenant Studio Movie Grill, an upscale dine-in movie theater. The redevelopment project calls for the addition of lush landscaping, water features and seating areas offering visitors a comfortable place to enjoy the Florida weather. The project will include demolition of the existing enclosed mall common area space between the former JCPenney building and the remaining mall to create room for the new lifestyle addition. RD Management has partnered with New York s S9, Perkins Eastman Architects, the project architect. S9 s focus is on the planning and design of large-scale, mixed-use developments that include sizable urban residential and commercial components. For more information, please visit About RD Management LLC. RD Management, ranked as the 30 th largest retail real estate owner in the United States, has been in business for over 40 years. As a well-established privately held real estate investment and development company, RD is responsible for over 200 shopping centers in 26 states, the District of Columbia and Puerto Rico. The RD portfolio currently exceeds 18,000,000 square feet of commercial real estate. About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at

2 240 Cars 146 Cars 1,500 Cars Total at Garages 11,400 sf Cinema Lobby Entry Second Floor Health Club Entrance Iconic Cinema Signage Element New Pedestrian Walkway 18,500 sf New Water Feature Anchor 1 74,400 sf 9,900 sf Open Air Mall 459 Cars 4,100 sf University Way 16,800 sf ,100 sf 16,400 sf Anchor 2 Entry Second Floor 377 Cars 328 Cars New Palm Boulevard PROPOSED ENLARGED SITE PLAN (1ST FLOOR): UNIVERSITY WAY 1

3 240 Cars 146 Cars 11,400 sf 1,500 Cars Total at Garages Health Club Entrance Below Iconic Cinema Signage Element New Pedestrian Corridor Health Club 37,200 sf 9,900 sf 18,500 sf New Water Feature Open Air Mall 459 Cars University Way Anchor 2 34,400 sf 16,400 sf 16,800 sf New Anchor Architectural Element Anchor 2 Entry Below 377 Cars 328 Cars New Palm Boulevard PROPOSED ENLARGED SITE PLAN (2ND FLOOR): UNIVERSITY WAY 2

4 459 Cars Cars 377 Cars New Palm Boulevard New Entry Signage Restaurant 9,400 sf 336 Cars Restaurant 8,900 sf N 19th St. New Traffic Signal E Fowler Ave. PROPOSED ENLARGED SITE PLAN: RESTAURANTS ON FOWLER 3

5 1.PLAZA FOOD AND BEVERAGE DISTRICT UNIVERSITY WAY PRECEDENT IMAGES 4

6 1. WATER FEATURE MALL ENTRANCE 3.ICONIC CINEMA SIGNAGE ELEMENT UNIVERSITY WAY PRECEDENT IMAGES 5

7 Existing JC Penney Existing Mall EXISTING SOUTH ELEVATION Three Tenant Anchors in Former JC Penney Health Club New Shops/Restaurants New Shops/Restaurants Anchor 1 Anchor 2 University Way PROPOSED SOUTH ELEVATION Anchor 2 PROPOSED PARTIAL SECOND FLOOR PLAN Anchor 1 Anchor 2 Entry Second Floor New Retail/ Restaurant University Way New Retail/ Restaurant PROPOSED PARTIAL FIRST FLOOR PLAN FOWLER FRONTAGE 6

8 VIEW NORTHEAST IN FRONT OF ANCHOR ENTRIES VIEW NORTH FROM ENTRY CIRCLE AERIAL VIEW AERIAL VIEW VIEWS OF UNIVERSITY WAY 7

9 VIEW TOWARD CINEMA SIGNAGE ELEMENT FROM PLAZA VIEW TOWARD NEW MALL ENTRY FROM PLAZA VIEW TOWARD PLAZA FROM ENTRY CIRCLE VIEW TOWARD HEALTH CLUB ENTRY FROM NEW MALL ENTRY VIEWS OF UNIVERSITY WAY 8