case study
Winter Park Village
Winter Park, FloridaIn 1996 Casto purchased Winter Park Mall, a functionally obsolete mall situated on a prime tract of land in a viable market. Realizing that the redevelopment and repositioning of this property provided an opportunity to increase productivity and profitability, Casto's entrepreneurial team examined the community needs of Winter Park, Florida and worked closely with its leaders to design a lifestyle center perfectly suited for the local population.
Committed to its development plan and patient with leasing efforts, Winter Park Village resulted in one of the most exciting real estate projects in central Florida. Reminiscent of an old Main Street shopping district, it is a 525,000 square foot mixed-use development containing 350,000 square feet of retail, 115,000 square feet of office, and 60,000 square feet of residential. The various components provide synergies that contribute to Winter Park Village's success. Office tenants provide significant daytime traffic with disposable income, which translates into increased sales for retail clients. The residential component brings a constant base of activity for both retail and office tenants and promotes a sense of place for the entire project.
Loft apartments above streetfront stores, offices, specialty and convenience retail, and restaurant and entertainment venues have effectively combined to create an urban village environment coveted by locals and tourists alike.