ALPHARETTA, GA—North American Propertiesofficials say the retail component of it $600-milion mixed-useAvalon project here is 97% leased.
The Cincinnati, OH-based firm held a “topping out” for theAvalon venture on Wednesday. North American says it has secured 15new retail leases and has long waiting lists for its residences atthe property that will also feature office development. The retailcomponent is scheduled to open on Oct. 30.
"Avalon is the future of retail," said MarkToro, managing partner of NAP. "Creating a walkablecommunity that infuses hospitality into every aspect—this is theexperience today's retailers are attracted to, as it is what theircustomers are demanding. The fact that we are 97% leased six monthsfrom the grand opening is the most powerful indicator."
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
