University Town Plaza is a transformation of the former enclosed University Mall into the premier open-air retail destination in Pensacola, FL. The project is anchored by BJ's Wholesale, Conn's HomePlus, Burlington, Academy Sports + Outdoors, and JCPenney department store. The shopping center also includes a Cheddar's Restaurant and Texas Roadhouse and 30,000 square feet of shop space with tenants including Moe's Southwest Grill, Jimmy John's, Taylor's Breakfast, and Verizon.
Property is located at the intersection of Interstate 10 and Interstate 110. Local cross streets include Davis Highway and Creighton Road. University Town Plaza is a regional destination, due to its proximity to the interstate system and less than four miles from Pensacola International Airport.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.