EDENS to Establish The Shops at Stonefield as Charlottesvilles's Premier Retail Destination

CHARLOTTESVILLE, Va., Aug. 7, 2012 /PRNewswire/ -- EDENS, one of the nation's leading retail real estate owners and developers, is developing The Shops at Stonefield in Charlottesville, Virginia. The Shops at Stonefield will begin opening stores and restaurants in November 2012. By focusing on design, merchandising and community engagement, EDENS is committed to enhancing the Charlottesville community with this project.

Like all EDENS centers, Stonefield is uniquely designed to create a feeling of warmth and familiarity. Stonefield's merchandise mix will be curated with the best local independent retailers combined with complementary regional and national retailers to create a premier community experience. EDENS is committed to redefining the retail landscape in the communities in which they do business, creating unique neighborhood gathering places.

The Shops at Stonefield is a highly curated mix of retailers and restaurants chosen specifically to reflect local interests as well as bring a unique experience to the community. As part of the development, EDENS will welcome new, premier retailers to the Charlottesville area including Williams-Sonoma, Pottery Barn, Langford Market and Trader Joe's. EDENS is also working with local favorite Blue Ridge Mountain Sports on a new flagship store. Additionally, The Shops at Stonefield will have quality restaurants like Travinia Italian Kitchen and Burtons Grill, allowing visitors to enjoy dinner and a movie at the new Regal Cinema. Regal features the area's first IMAX experience and 14 auditoriums with stadium seating.

Thoughtful consideration and deliberate detail at The Shops at Stonefield will be immediately sensed by the consumer. The choices embody the vintage chic style of Charlottesville. Bond Street will be the vibrant heart of the Shops, with tree-lined wide sidewalks and open plazas throughout to allow the community to gather together. EDENS is also creating ample space for arrivals and parking, making The Shops accessible and convenient for all of our visitors.

"We have been extremely meticulous in creating just the right merchandise mix for The Shops at Stonefield, in an effort to establish a vibrant and comfortable experience that shoppers share with one another," said Jodie McLean, EDENS President and Chief Investment Officer. "EDENS is striving to reflect the area's unmatched heritage and quality, while also bringing in a new flavor to cater to consumers' needs."

The Shops at Stonefield is also driving local growth, generating approximately $85 million in new tax revenue over a 10-year period. This redevelopment will provide approximately 1,775 jobs during construction and will create approximately 870 permanent jobs after completion.

For more information on The Shops at Stonefield, please visit www.edens.com.

About EDENS:

EDENS develops, owns and operates neighborhood shopping centers in primary markets throughout the East Coast. Focusing on innovative development and redevelopment together with key acquisitions in urban areas, the Company has built an institutional-quality portfolio of 130 retail centers. EDENS has Regional Headquarters in Boston, New York, Washington D.C., Atlanta, Miami and Columbia, SC. For additional information about the Company and its retail real estate portfolio, please visit www.edens.com.

SOURCE EDENS