New Restaurants To Spice Up Sarasota Dining Scene University Town Center opens Oct. 2014 with several new-to-the-market restaurants

BLOOMFIELD HILLS, Mich., Dec. 9, 2013 /PRNewswire/ -- Gulf coast residents and visitors in search of new dining destinations will find some palate-pleasing options in store at The Mall at University Town Center, now under construction in Sarasota, Fla. Taubman Centers, Inc. (NYSE:  TCO) and Benderson Development Company, LLC today revealed five restaurants – all new to the market – opening with the center next year.

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The 880,000-square-foot, $315-million Mall at University Town Center opens Oct. 16, 2014. With anchors Saks Fifth Avenue, Macy's and Dillard's and more than 100 specialty stores and restaurants, the center will be the region's dominant shopping and dining destination.

Spicing up the local dining scene is the center's premier collection of restaurants, all new to the Sarasota market:

-BRIO Tuscan Grille, serving authentic, northern Italian cuisine made from the finest and freshest ingredients in a Tuscan villa atmosphere;

-The Capital Grille, a fine-dining establishment renowned for its dry-aged steaks, fresh seafood, award-winning wine list and personalized, professional service;

-The Cheesecake Factory, a popular full-service restaurant known for its extensive menu, generous portions and legendary desserts;

-Kona Grill, offering modern American favorites, award-winning sushi and seasonally inspired menus in a casually elegant atmosphere; and

-Seasons 52 fresh grill and wine bar, featuring natural cooking techniques, the freshest ingredients at the peak of ripeness and an award-winning international wine list.

The Mall at University Town Center opens Oct. 16, 2014. Located at I-75 and University Parkway, this world-class fashion and dining destination will feature approximately 880,000 square feet of retail space with Saks Fifth Avenue, Macy's, Dillard's and more than 100 stores and restaurants. The shopping center will feature many distinctive retailers not found anywhere else in the local market, offering customers a diverse mix of fashion and lifestyle retailers, popular favorites, sit-down restaurants and a children's play area. For information and updates, visit www.themallatuniversitytowncenter.com.

About Benderson Development   
Sarasota-based Benderson Development is one of America's largest privately held real estate companies. Benderson owns and manages its holdings, which consists of more than 40 million square feet in 38 states. The diverse Benderson portfolio includes retail, office, industrial and hotel properties. For more information about Benderson, visit www.benderson.com.

About Taubman
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 28 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman's U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing The Mall at University Town Center in Sarasota, Fla.; The Mall of San Juan in San Juan, Puerto Rico; International Market Place in Waikiki, Honolulu, Hawaii and shopping malls in Xi'an and Zhengzhou, China and Hanam, South Korea.  Taubman Centers is headquartered in Bloomfield Hills, Mich. and Taubman Asia, the platform for Taubman Centers' expansion into China and South Korea, is headquartered in Hong Kong.  Founded in 1950, Taubman has more than 60 years of experience in the shopping center industry.  For more information about Taubman, visit www.taubman.com.

For ease of use, references in this press release to "Taubman Centers," "company," "Taubman" or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.    

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management's current views with respect to future events and financial performance. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks and uncertainties.  You should review the company's filings with the Securities and Exchange Commission, including "Risk Factors" in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

SOURCE Taubman Centers, Inc.



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