(Crystal Proenza is associate editor of Real EstateFlorida.)

ST. AUGUSTINE, FL-Weingarten Realty Investors has closed on a 23-acre site to be developed into a theater-anchored shopping center called Epic Village at St. Augustine. The site is set to be developed jointly with St. Augustine Retail Holdings LLC with a planned spring 2009 opening..

A 52,000-sf, 16-screen Epic Theatre featuring stadium seating with Dolby Digital Sound, party rooms and gourmet refreshments will anchor the project. The theater will be surrounded by 17,896 sf of retail space emphasizing family entertainment with four outparcels.

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