Destin Commons 205,000-sq ft expansion underway
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DESTIN, FL – Construction is well underway and moving at a swift pace on the 205,000-square-foot expansion at Destin Commons, Northwest Florida’s premier open-air super regional lifestyle center. Phase I of the expansion at Destin Commons, developed by Turnberry Associates and Legendary, Inc., is scheduled to be completed by November 2007, with Phase II scheduled to commence shortly after in January 2008.

Phase I will include a 900 space, six-level parking garage and approximately 100,000 square feet of Class A office space. Phase II of the expansion will feature an additional 120,000 square feet of retail space and 70,000 square feet of Class A office space. Destin Commons is also introducing a 200-room, national flag hotel that will begin construction in early 2008, along with a 300 key nationally branded all-suite, four-star resort.

In addition to the ongoing expansion, the center recently welcomed several exciting new retailers. These include William Sonoma, Lucky Brand Jeans, Banana Republic and Patchington. Coming soon to Destin Commons are Soma, an expanded Chico’s, expanded White House/Black Market and more.

Anchored by Bass Pro Shops World Wide Sportsman, Belk, Hard Rock Cafe and a 14-screen Rave Motion Pictures Movie Theater, Destin Commons has set a new standard for shopping, dining and entertainment in Florida’s Panhandle since opening in November 2003. Ideally located in Destin, Fla.’s dynamic retail hub at the corner of Mid-Bay Bridge Road and U.S. Highway 98, Destin Commons currently includes 400,000 square feet of retail and 70,000 square feet of office space.
According to Phil Goldfarb, President and Chief Operating Officer for Turnberry Associates, Destin Commons’ tremendous success fueled planning for the center’s expansion and the additional retail space already has garnered strong interest from nationally-renowned upscale tenants.

“Demand for high-end retail in Destin is evident with the success of our existing stores,” he said. “This expansion will solidify Destin Commons as the premier super regional lifestyle center in the entire Panhandle for years to come.” Goldfarb added that the new retail space will be built adjoining the lifestyle center. It will include lush landscaping and a variety of additional family-friendly elements that complement Destin Commons’ fun, relaxing environment. “We’ve spent a great deal of time and effort designing the Destin Commons expansion so it mirrors the existing lifestyle center,” said Goldfarb. “It will include the same ‘fit and finish’ that have been a Turnberry hallmark for nearly four decades.” Legendary President Peter Bos said Destin Commons has had a tremendous impact on the community and its expansion will once again raise the bar in Okaloosa County and the entire northwest Florida region. “Our goal is to continue redefining the family shopping and entertainment experience along the Gulf Coast,” Bos said.

Turnberry Associates has developed more than $7 billion in commercial and residential real estate, including approximately 20 million square feet of retail development. The company built the renowned Aventura Mall in South Florida, Monroeville Mall and South Hills Mall in Pittsburgh, and is creating Town Square, a 1.5-million-square-foot super regional lifestyle center on the south end of the Las Vegas Strip, opening in November. For Destin Commons leasing information, contact Turnberry’s Stephanie Mineo or Joyce Gallego at (305) 937-6200 or email them at smineo@turnberry.com, jgallego@turnberry.com.

About Turnberry Associates
Founded more than 50 years ago by Donald Soffer, 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.

Destin Commons
Anchored by Bass Pro Shops World Wide Sportsman, Belk, Hard Rock Café and a 14-screen Rave Motion Pictures Movie Theater, Destin Commons has set a new standard for shopping, dining and entertainment in Florida’s Panhandle since opening in November 2003. Located in Okaloosa county, an area highly trafficked by locals and tourists, Destin Commons includes 400,000 square feet of retail and 70,000 square feet of Class A office space. The center also features more than 75 well-known local, national and international names in retail and dining. For additional information, please visit www.destincommons.com.


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