REZONING APPROVAL RECEIVED FOR $100 MILLION HYDE PARK VILLAGE REDEVELOPMENT

	Updated Sketches Last Updated 09/20/07 Click to Enlarge
	North Elevation
	S. Dakota Avenue - East Elevation
	Rome Avenue - West Elevation
	Swann Avenue - South Elevation
	South Elevation
	S. Dakota Avenue - East Elevation
	Rome Avenue - West Elevation
	Snow Avenue - Northwest Elevation
	Proposed Block "E" Rendering
	Block E Site Plan

TAMPA, FLA --  February 1, 2008 -- The Hyde Park Village redevelopment is underway! 

The Tampa City Council has approved the rezoning required for Hyde Park Village's proposed $100 Million Redevelopment.  The approval will allow the addition of 37,000 square feet of additional retail space and 163 luxury condominium residences as part of Wasserman Real Estate Capital's proposed redevelopment of the Village.

David Wasserman, principal of Wasserman Vornado Strategic Real Estate Fund, LLC, the managing partner of Hyde Park Village, presented the master plans of the 275,000 square foot mixed-use specialty retail center to neighborhood residents, neighborhood groups and community leaders throughout 2007.  Wasserman purchased the majority interest from Madison Marquette Retail in April 2005.  "Our overriding goal is to unite the intent of the Hyde Park Historic district design guidelines with our development vision", stated David Wasserman.  "For the past nine months, we have incorporated all of the programmatic and practical elements necessary to the development while carefully designing a mixed-use master plan for this unique and beloved neighborhood."

The Hyde Park Village redevelopment plan include:

• A complete renovation of the former Cactus Club building.  The building's tenants will be two restaurants and an ice cream shop.
• Creating a "Gateway" into the Village with public art on Swann and Snow Avenues while providing a pedestrian-friendly traffic flow.
• Replacing the existing building on Snow Avenue between Rome and Dakota Avenues with a new mixed-use structure with ground floor retail and restaurant space, parking and 78 residential condominiums on the upper floors.
• Implementing a program of traffic calming and improved pedestrian walkways, including new crosswalks and 71 on-street parking spaces on Swann, Dakota, and Snow Avenues.
• Replacing the building on the northwest corner of Swann Avenue with a new mid-rise building containing a 45,000 square foot gourmet market, parking and 85 upper floor residential condominiums.

The first stage of redevelopment, completed in 2007, included rebuilding the former Cactus Club building while retaining the historic facade of this familiar landmark structure.  The new building will house Wine Exchange, Abbott's Frozen Custard and a to-be named restaurant.  The Wine Exchange, a long time Hyde Park destination, will move from their current location in the Spring of 2008.  In addition, the Snow Circle pedestrian area was rebuilt with new paving and landscaping, and is home to the new B'szene Boutique, City Street Sweets, Milagros & a newly-renovated Color Me Mine.  Downtown Dogs will be moving from their current location to Snow Circle in February 2008 while International Beer Garten is scheduled to open Summer 2008.

Wine Exchange - A WINE LOVER'S DREAM
Wine Exchange will continue their tradition of wonderful food and wine pairings in their location on Snow Avenue.  Continue to enjoy their gourmet menu and wine list, influenced by Californian and Italian cuisine.

Abbott's Frozen Custard - NOT JUST FOR KIDS
A New York staple, Abbott's Frozen Custard is now open in Tampa with its first location in Hyde Park Village.  This famous frozen custard shop is located in the middle of the newly-constructed building, facing Snow Avenue.

While you stroll through the Snow Circle to shop, you'll notice that the walkways are broader, with Florida-friendly and updated landscapes, outside seating for the restaurants and areas to sit and enjoy the fountain.

Come take a look for yourself!

Click here for frequently asked questions.

Wasserman Vornado Strategic Real Estate Fund, LLC, the managing partner of Hyde Park Village, acquires and develops a diversified portfolio of properties. Their established "track record" is evidenced by a portfolio of real estate assets consisting primarily of mixed-use developments, shopping center properties with national tenants, and multi-family developments. The Wasserman organization has maintained steady growth and represents a model of efficient and successful property development, urban revitalization, and historical rehabilitation in a multi-disciplinary company with construction, management, and leasing for more than 40 years. It has been one of the premier real estate operating companies in the U.S. and is now applying these skills internationally. For nearly a decade, the firm has acted in a fiduciary capacity for institutional capital investment partners. www.wrecapital.com

Hyde Park Village features a mix of national retailers including Anthropologie, Brooks Brothers, Ann Taylor, Pottery Barn and Williams-Sonoma and unique, local boutiques and restaurants in the heart of the Hyde Park Historic District. The Village is open daily. For more information, visit www.hydeparkvillage.net or call 813-251-3500.

Contact:
Susan Martin, General Manager Hyde Park Village, 813-254-6210, smartin@hydeparkvillage.net
Sheila Lynch, Director of Leasing, Wasserman Real Estate Capital, 401-274-5700, slynch@wrecapital.com