FOR IMMEDIATE RELEASE
February 2, 2016
CASTO ANNOUNCES REI COMING SOON TO WINTER PARK VILLAGE
National Outdoor Retailer To Open Second Florida Location
Sarasota, FL – Casto, one of the country’s leading real estate companies, announced today that REI, a national specialty outdoor retailer and the nation’s largest consumer co-op, will be opening at Winter Park Village in Winter Park, Florida.
Construction is projected to begin in June, 2016 with a Spring, 2017 opening. The 25,000 s.f. Winter Park Village location will be REI’s second store in Florida; the first opened in Jacksonville in 2013.
“Today we are proud to announce REI as the latest addition to Winter Park Village,” said John Hutchens, VP Project Management for Casto. “REI offers a unique shopping experience to Winter Park, Orlando and beyond and fits well with our long-term vision for this property.”
REI is a specialty outdoor retailer, founded in 1938, is headquartered near Seattle, Washington. The nation’s largest consumer co-op, REI is a growing community of 5.5 million active members who expect and love the best quality gear, inspiring expert classes and trips, and outstanding customer service. REI has 143 stores in 35 states. If you can’t visit a store, you can shop at REI.com, REI.com/outlet, or the free REI shopping app. Annual sales in 2014 topped $2.2 billion. REI isn’t just about gear, you can take the trip of a lifetime with REI Adventures, a global leader in active adventure travel that runs 150 custom-designed itineraries on every continent. REI’s Outdoor School is run by professionally-trained, expert instructors who teach beginner to advanced level courses about a wide range of activities. To build on the infrastructure that makes life outside possible, REI invests millions annually in hundreds of local and national nonprofits that create access to – and steward – the outdoor places that inspire us.
CASTO, 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 and office buildings. Casto’s 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. Casto is headquartered in Columbus, Ohio and serves a variety of clients from five offices in Florida, North Carolina and Ohio. To learn more about Casto, visit www.castoinfo.com.
About Winter Park Village
Located just north of Orlando in the affluent community of Winter Park, this 515,156 s.f. established urban lifestyle center is the area’s most exciting destination for upscale shopping, dining and entertainment. Winter Park Village offers the market’s most powerful collection of high-end retailers and restaurants, all in a beautiful, inviting ‘main street’ setting that also includes, entertainment, residential and office uses. For more information, visit www.shopwinterparkvillage.net.