Midland Atlantic Wins Award for Tryon Village
Selected as Top Retail Development
Cary, NC - Midland Atlantic has received the Triangle Business Journal's 2008 Space Award for the Top Retail Development in the region for the Shopping Center portion of its Tryon Village project.
Tryon Village, located at Walnut Street and Tryon Road, is a 90-acre, mixed-use development featuring upscale retail, restaurants, townhomes, apartments, and future Class A office space. Anchored by a 49,000-square-foot Harris Teeter grocery store, Phase I of the retail component is complete. The retail center features a mix of tenants including Starbucks, Bruegger's Bagels, Restology and Jimmy John's, along with a freestanding Walgreen's store. "We have leased over 90% of the available space and our retailers are doing well, despite difficult market conditions," said Jeff Vittert, a Midland Principal and development manager for the center. "In spite of the current climate, we remain confident in Tryon Village's potential and its long term position in the Triangle area."
Construction on Phase II of the project is slated to being in late Spring 2009 and will initially bring another 16,500 of 40,000 square-feet of retail space to the development. "We will continue to add a convenient mix of shopping, retail service and dining options to the thriving Crossroads area of Southeast Cary," said Vittert.
Midland Atlantic assembled the land for the development and has worked with The John R. McAdams Company engineering firm to establish green space and pedestrian friendly-areas to connect and complement the multiple components of Tryon Village. "This has been an exciting development and we are honored to have been recognized by the Triangle Business Journal for our efforts," said John Silverman, Managing Principal of Midland Atlantic.
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Midland Atlantic is a full-service real estate firm specializing in the development, acquisition, leasing, management and brokerage of retail properties. Midland Atlantic is a leading developer of retail shopping centers in the Midwest and mid-Atlantic regions of the U.S. The firm develops upscale grocery and department store-anchored retail shopping centers, as well as retail build-to-suits.
Cary, NC - Midland Atlantic has received the Triangle Business Journal's 2008 Space Award for the Top Retail Development in the region for the Shopping Center portion of its Tryon Village project.
Tryon Village, located at Walnut Street and Tryon Road, is a 90-acre, mixed-use development featuring upscale retail, restaurants, townhomes, apartments, and future Class A office space. Anchored by a 49,000-square-foot Harris Teeter grocery store, Phase I of the retail component is complete. The retail center features a mix of tenants including Starbucks, Bruegger's Bagels, Restology and Jimmy John's, along with a freestanding Walgreen's store. "We have leased over 90% of the available space and our retailers are doing well, despite difficult market conditions," said Jeff Vittert, a Midland Principal and development manager for the center. "In spite of the current climate, we remain confident in Tryon Village's potential and its long term position in the Triangle area."
Construction on Phase II of the project is slated to being in late Spring 2009 and will initially bring another 16,500 of 40,000 square-feet of retail space to the development. "We will continue to add a convenient mix of shopping, retail service and dining options to the thriving Crossroads area of Southeast Cary," said Vittert.
Midland Atlantic assembled the land for the development and has worked with The John R. McAdams Company engineering firm to establish green space and pedestrian friendly-areas to connect and complement the multiple components of Tryon Village. "This has been an exciting development and we are honored to have been recognized by the Triangle Business Journal for our efforts," said John Silverman, Managing Principal of Midland Atlantic.
# # #
Midland Atlantic is a full-service real estate firm specializing in the development, acquisition, leasing, management and brokerage of retail properties. Midland Atlantic is a leading developer of retail shopping centers in the Midwest and mid-Atlantic regions of the U.S. The firm develops upscale grocery and department store-anchored retail shopping centers, as well as retail build-to-suits.
