Grand Opening Peabody Place
Entertainment And Retail Center

Festivities Begin Aug. 30th -- Four Days Of Fun Downtown!

MEMPHIS, Tenn., August 20, 2001 – Peabody Place Entertainment and Retail Center is celebrating its Grand Opening — Aug. 30th through Sept. 2nd — including a ceremony commemorating the Peabody Hotel's 20th Anniversary.

Jack A. Belz, chairman and CEO of Belz Enterprises — the man who began building his company's vision for a comprehensive development Downtown more than 25 years ago — will welcome the attendees and honored guests, starting at 5:30 p.m. Thursday, Aug. 30th inside the Entertainment and Retail Center. The Center is located on Peabody Place between Second and Third Streets, and the public is invited.

The Grand Opening celebration will officially begin Thursday at 5:30 p.m. with a ceremony honoring the Peabody Hotel's 20th Anniversary. During the Peabody Hotel's Annual Duck Walk Hall of Fame Presentation, Mr. Belz traditionally recognizes individuals for their contribution to Downtown redevelopment. A brass name plaque placed in the sidewalk at the corner of Union Avenue and Second Street next to the Peabody Hotel will later immortalize such accomplishments.

The Peabody Place Entertainment and Retail Center's Grand Opening Ribbon Cutting Ceremony will follow, from the stage below the clock in the Center's atrium.

Visitors to Grand Opening festivities can also register for an Orlando vacation for four, $1,000 shopping spree, and numerous door prizes while at the Center. Registration is possible at any of four First Tennessee ATMs inside the Center, as well as over 50 First Tennessee branch locations throughout the Memphis area. A drawing for the prizes will be held Sept. 2nd at 3 p.m., and the winners' names will be posted near each of the ATMs where they registered.

Following the Grand Opening ribbon cutting, VIP invitees will assemble inside the Peabody Hotel's New Grand Ballroom where there will be a champagne reception and musical entertainment by Tom Lonardo and Jazzoid.

Peabody Place Entertainment and Retail Center tenants will be offering additional festivities, fun and excitement in conjunction with the four-day Grand Opening event, with their own special in-store promotions. So seize the opportunity to – Come downtown and play!

Peabody Place Entertainment and Retail Center is part of Belz Enterprises' Peabody Place development. The Center covers more than 300,000 square feet showcased in a unique "streetscape" environment, and is accessible from any one of three connected, indoor parking garages.

The Center includes, Muvico Peabody Place 22 Theaters, Tower Records, Ann Taylor Loft, Jillian's, Gap, Gap Kids and Baby Gap. In addition, Starbucks, Fat Tuesday, Dan McGuinness Irish Pub, Mrs. Field's Bakery Cafˇ, Dapy, Hot Topic, Claire's, Breaking the Mold, and Morgan Studio are also located within the Center.

Even more entertainment, excitement and shopping is coming soon from Isaac Hayes, Victoria's Secret, Memphis Motor Speedway, Putting Edge, Puccini and Pasta, A&W All American Food/Long John Silver's, Famiglia Pizza, Rocky Mountain Chocolate, and much, much more!

Collectively, the Peabody Place development contains approximately two million square feet of space, which includes 762 hotel rooms, 201 apartments, 565,000 square feet of office space, 420,000 square feet of retail space, and 3,600 parking spaces.

Headquartered in Memphis, Tenn., Belz Enterprises is a leading innovator in real estate development with interests throughout the South and across the U.S. Belz develops, owns and/or manages more than 25 million square feet of industrial warehouses, distribution centers, shopping centers, office buildings, mixed-use centers and corporate campuses. The company also owns a group of premier hotels including the Peabody Hotels in Memphis, Orlando and Little Rock.

Here's the quick and easy way to "come downtown and play." Out-of-town visitors may take Union Avenue (west), Riverside Drive, or Third Street (U.S. Hwy. 61, north), exit off the Interstate to Downtown Memphis and the Mississippi River.

For direct parking garage access once you're downtown navigate to Peabody Place, remembering that traffic on Union Avenue moves both east and west. Around the Entertainment and Retail Center, traffic on Second flows south, and on Third moves north. The Main Street Trolley also runs within a block of PPERC.