NAP holds topping out ceremony for $600 million mixed-use project

When North American Properties - Atlanta (NAP) held its official topping out for Avalon, there was plenty to celebrate - including 15 new retail leases, long wait lists for residences and construction progress on office, retail and residential. The retail component of the $600 million mixed-use project is 97% leased and scheduled to open in October of this year. "Avalon is the future of retail," said Mark Toro, managing partner of NAP. "Creating a walkable community that infuses hospitality into every aspect -- this is the experience today's retailers are attracted to, as it is what their customers are demanding. The fact that we are 97 percent leased six months from the grand opening is the most powerful indicator."