AVENTURA MALL’S $125 MILLION EXPANSION
Nordstrom, Three-Level Wing of New
Tenants Set to Open in Spring 2008

back
AVENTURA, FL (May 2007) – Construction for Aventura Mall’s $125 million expansion, which will include a two-story, 167,000-square-foot Nordstrom, three-level wing of upscale stores and fine dining restaurants and three-story parking garage, is substantially underway and set to open next spring, announced the mall’s owners, Turnberry Associates.
Late last year, the mall’s former Lord & Taylor store was demolished to make way for the new wing, which also will serve as a magnificent interior entryway to Nordstrom. Framework for both structures is up and the adjacent parking garage, which will include nearly 2,000 spaces, is approximately 75 percent complete.

“Aventura Mall is already a premier shopping, dining and entertainment destination for South Florida residents and millions of annual visitors,” said Philip S. Goldfarb, President and Chief Operating Officer. “The addition of Nordstrom, as well as several new upscale retailers and restaurants, will ensure the mall maintains its leading position in the market.”

In addition, Aventura Mall recently completed a comprehensive, $22 million renovation project that brought a fresh and contemporary look to the center. The transformation of the center included a complete replacement of the floors with fine Italian porcelain in alternating patterns of honed and polished tile with mosaic accent tiles at the storefronts. Also, all interior railings were replaced with new sculpted railings of glass and bronze with rich wood caps.
For additional leasing information on Aventura Mall, please contact Turnberry’s Ted Siegal at 305-937-6200 or email tsiegal@turnberry.com.

About Turnberry Associates

Founded more than 50 years ago,, Turnberry Associates is one of the country’s leading full-service real estate development and property management firms. The company has to its credit the development of more than $7 billion in commercial and residential property. This includes approximately 20 million square feet of retail space, more than 7,000 luxury apartments and condominium units, 1.5 million square feet of Class “A” office space and in excess of 2,000 hotel and resort rooms. For additional information, visit www.turnberry.com.

About Aventura Mall
SOUTH FLORIDA’S LARGEST SUPER REGIONAL MALL
Aventura Mall, named “Best Mall” by Latin Trade magazine and “Best Mall for Kids” by South Florida Parenting magazine, is South Florida’s #1 shopping destination among international visitors, consecutively voted South Florida’s Best Local Shopping Destination by Miami Herald’s annual “Hot List” and is ranked the 10th largest top-producing mall in the country based on sales per square foot by Women’s Wear Daily. The expansion and repositioning of Aventura Mall doubled its size to 2.4 million square feet in 1997. In spring 2008, the mall will add a two-level, 167,000-square-foot Nordstrom, along with 30 new stores and restaurants.

Aventura Mall is anchored by Bloomingdale's, Macy’s, Macy’s Men’s Home Furniture, JCPenney and Sears, plus 250 specialty stores. Fine dining, popular restaurants and a food court with 18 fast food eateries round out the mix. The mall is also home to Rainbow Valley, an artist-designed interactive playground, a 24-screen, 80,000-square-foot AMC Movie Theatre and several of the country's trendiest restaurants including Bella Luna, The Cheesecake Factory, Sushi Siam, and Grand Lux Cafe.

Located at 19501 Biscayne Boulevard, the mall is open Monday through Saturday, 10 a.m. to 9:30 p.m., and Sunday, Noon to 8 p.m. For more information call (305) 935-1110. Or visit us online at: www.aventuramall.com.


back
Contact: Matt Levinson/Linda Villafane
O’Connell & Goldberg, Inc.
(954) 964-9098
mlevinson@oconnellgoldberg.com
lvillafane@oconnellgoldberg.com