321 NORTH AND MUVICO PARTNER TO BRING MULTI-SCREEN THEATER TO MIXED-USE LIFESTYLE COMMUNITY

 PLANTATION, FL (June 25, 2008) US Capital Holdings, LLC, developer of 321 North in Plantation, has entered into a partnership with Muvico Entertainment, LLC (Muvico) through a Letter of Intent that outlines bringing a brand new 14-screen theater to the $1 billion mixed-use community that includes the redevelopment of the Plantation Fashion Mall. According to the letter, Muvico plans to lease approximately 70,000 square feet of space for an initial term of 20 years.  The theater is scheduled to open to the public in October 2010.

Slated for the south side of the 35-acre site off Broward Blvd. and University Drive, Muvico plans to feature 3,300 seats with up to six Premier galleries, similar to those found at its Boca Raton location.  One of these theaters will have a stage for live events including local plays and concerts.  In addition, all of the screens will have Sony 4K digital projection allowing for the highest picture quality available, alternative content and 3D capabilities.  Self and valet parking will also be available.

Muvico is a growing chain of premium, megaplex theaters.  Six of its theaters are located in the South Florida market.  Muvico offers amenities typically not found in traditional theaters such as its proven VIP Premier Concept, its award-winning bar/restaurants, child care facilities, reserved seating, valet parking and Internet ticketing.  The theater at 321 North will have all of these amenities as well as Muvicos new groundbreaking interactive gaming lounge, The Digital Den. 

"A top-flight entertainment company such as Muvico is the perfect fit for 321 North", said Wei Chen, CEO, US Capital Holdings, LLC. "It offers the community family entertainment in an exciting setting that melds arts, culture and shopping with working and living ".

"In addition to showing movies in a state-of-the-art setting, Muvico brings a total entertainment experience to our guests", said Michael F. Whalen, Jr., President and CEO of Muvico. "We are excited to bring our product and well-established brand to Plantation and finally give this wonderful community its own signature theater".

321 North will also encompass approximately 613,500 square feet of retail, complemented by 474,000 square feet of new 16-story Class A twin office towers plus a renovation to an existing building and approximately 600 residential units.  The project is designed to fit seamlessly into the City of Plantation's master plan to build an urban town center, called Plantation Midtown. 

The existing development on the property includes the largely vacant 650,000 square-foot enclosed retail mall, a 138,000 square-foot office pavilion and a separately owned Sheraton Suites hotel; whose own $15 million renovation is now complete.

The development of 321 North will include demolition and reconstruction of significant portions of the enclosed mall with new retail that will face outward and open up onto a new main street; as well as the construction of additional new open-air retail and restaurants. 

321 North was recently accepted into the LEED® for Neighborhood Development pilot program, a program created by the U.S. Green Building Council, the Congress for the New Urbanism and Natural Resources Defense Council to evaluate developments in their entirety and establish a uniform rating system for like communities. The program recognizes projects that incorporate smart growth, new urbanism, and green design principles. 321 North is one of few projects in South Florida to be accepted into the program. Site plan approval process is currently underway.

Leading the architectural design and development of the project is ADD Inc, a national award-winning design firm. Other team members include ID & Design International, an award-winning, full service design consultant firm; EDAW, consistently ranked among the worlds leading landscape design firms; Kimley-Horn and Associates, Inc., one of the nations most comprehensive and best respected engineering and land planning firms; Jones Lang LaSalle as leasing agent for the office component; and The McGarey Group, a nationally-recognized leader in planning, development and leasing of preeminent urban retail projects throughout the US.

Founded in 2004, US Capital Holdings is a leading private equity investor based in Plantation, Florida. The firm specializes in identifying and repositioning underperforming properties in advantageous locations and provides capital and real estate management services to institutions and personal investors overseas with a concentration in China. US Capital is actively redeveloping the Plantation Fashion Mall into a high-end shopping and lifestyle destination.

For more information, visit www.321north.com. or call (877) 321-8866. For office leasing information, call  (954) 703-3313, (305) 728-7395 or visit www.us.joneslanglasalle.com. For retail leasing information, call (619) 435-6410 or visit www.themcgareygroup.com.