Casto announces at the August 20, 2013 ICSC Florida Conference, its Casselberry’s CRA Development Project, Concord Village. Casselberry joins neighboring Maitland and Winter Park in developing a new and innovative downtown mixed use project of luxury apartments, restaurants, office and retail tenants, and place making.
The Florida ICSC is second largest Shopping Center Conference in the U.S. behind the Las Vegas Convention with over 3,200 attendees, the largest in recent years, since the recession of 2009.
Concord Village Casselberry Flyer
A study prepared and presented by CBRE National Researchers, Brook Scott, the head of Research Americas out of their San Francisco branch noted, “We Are Back”.
The current economoney is expected to drive growth at almost 4% over the next several years. (Click link to view: 2013 Florida Retail Report): http://www.castoinfo.com
Forecast for retail consumption is strong, expected to rise now through 2014. (Click link to view: Global Retail Trends): http://www.castoinfo.com
Consumer Debit has dropped below the 11% average providing cash for consumer items. Consumer confidence is up from 2013 through 2015.
Casto and Integra have entered into an Agreement with the City of Casselberry to develop 200 Apartment Units and 5 Retail Pad locations. The plan provides for over 200 Luxury Retail Units with an Art Walk integrated into the Art House and its year long outdoor programs. Added to this will be high profile restaurants and retail, which will be the new exciting “Place”. This design by ACi Architects of Winter Park will be a place for events, music, food, and nature walks.
Robert McDaniel of Integra said, “This will be one of the 1st new apartment projects in the City of Casselberry since the great recession. Integra is really excited for this project because this is truly a unique venture for our company. Integrating residential, commercial, and public park space is the perfect concept for this property.”
Paul Rutledge of Casto said, “It’s a new and exciting opportunity for all involved, the City, its residents and the companies doing something totally new. The Art Walk surrounding the residents and the restaurants can’t be found anywhere in central Florida. All of this is building on the Community art and music venue that has been developed around Lake Concord. It’s a first.”
About CASTO – CASTO, The Developer of Winter Park Village, 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. CASTOs 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 and Puerto Rico. CASTO currently has more than three million square feet of retail in development. To learn more about CASTO call (888) 400-0878 or visit www.castoinfo.com
About INTEGRA LAND COMPANY – The INTEGRA LAND COMPANY is headquartered in Lake Mary, Florida, and specializes in identifying new sites for development as well as shaping bold and innovative designs into sound income producing resources. They are able to take overlooked multi-family housing opportunities, integrate traditional multi-family principals and create innovative results. INTEGRA LAND COMPANY is today’s future where traditional values are integrated with contemporary developments. To learn more about INTEGRA LAND COMPANY call (407) 833-3927 or visit www.integralandcompany.com
