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SoDo adds 24 Hour Fitness and T.J. Maxx
1/9/2008
Revitalization Project Goes Vertical;
Opening Planned for Fall of 2008
ORLANDO (January 9, 2008) — North American Properties (www.naproperties.com) and Kimco Realty Corporation (www.kimcorealty.com) welcome two more tenants to SoDo—24 Hour Fitness and T.J. Maxx.
SoDo, which stands for South of Downtown Orlando, is a 20-acre block along South Orange Avenue between Grant and West Crystal Lake Streets that is being transformed into a thriving, urban activity center. Anchored by SuperTarget, the mixed-use development will feature marquee retailers with luxury residential units and office space. SoDo went vertical in September and is expected to open in the fall of 2008.
“At North American Properties, we push the limits of traditional mixed-use development to craft a lifestyle for the entire neighborhood,” explained Tonya Creekmore, vice president of leasing, North American Properties. “Our development is a catalyst for revitalizing this stretch of Orange Avenue. We appreciate the strong support of the community and civic leaders.”
SoDo will feature approximately 300,000 square feet of retail, including almost 70,000 square feet of fast casual and full-service restaurants and boutique space. National and local retailers will include a family shoe store, hair salon and massage therapy spa. More than 80% of the space is committed. Developed by Wood Partners, the 300 luxury residential units, built over street-level retail, are designed to fit the lifestyle of Orlando’s urban professionals and families who seek comfortable, yet exciting living and playing environments. Additional second-floor office space is designed to offer businesses an alternative to downtown Orlando. Parking structures will provide sufficient parking for both residents and patrons.
About North American Properties
North American Properties (www.naproperties.com) is a leader in the commercial real estate industry. Established in 1954 and headquartered in Cincinnati, the company has developed over 18 million square feet of retail in 11 states. The Atlanta regional office specializes in mall-peripheral power centers, urban mixed-use projects and neighborhood grocery-anchored centers. It has developed over 6 million square feet of retail space since 1996. Current projects include Coleman MarketPlace (Danville, Va.), Courthouse MarketPlace (Richmond, Va.), Sugar Hill MarketPlace (Sugar Hill, Ga.) and SoDo (Orlando).
About Kimco Realty Corporation
Kimco Realty Corporation, a real estate investment trust (REIT), owns and operates the nation's largest portfolio of neighborhood and community shopping centers. As of September 30, 2007, the company owned interests in 1,959 properties comprising 183 million square feet of leaseable space across 45 states, Puerto Rico, Canada, Mexico and Chile. Publicly traded on the NYSE under the symbol KIM and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 45 years. For further information, visit the company's web site at www.kimcorealty.com.
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