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February 3, 2006 NEW YORK, NY - February 3, 2006: Antares Investment Partners, the development company undertaking revitalization of Stamford's South End, today announced that Bruce Macleod has joined the firm as Chief Operating Officer. Mr. Macleod will be responsible for the day-to-day management of multi-year revitalization of the South End, which will create a new, mixed-use neighborhood on the city's waterfront. The initiative is expected to attract $2 billion in new investment. "There is simply no one more qualified than Bruce to oversee a project of this caliber," said James P. Cabrera, managing partner of Antares Investment Partners. "His rich experience managing large-scale projects throughout the country will ensure that this development will meet the needs of this diverse community." Prior to joining Antares, Mr. Macleod was a Managing Director of Atlantic Station, a 138- acre mixed-use project in midtown Atlanta, where he had principal responsibility for the 811,000 square feet of retail development. Prior to that, Mr. Macleod was the Vice President and Chief Operating Officer of the Palladium Company, an affiliate of the Related Companies. In this role, he was responsible for the development of CityPlace, a large mixeduse development in West Palm Beach, Florida. Mr. MacLeod has also served as the President of O'Connor Retail Group and Retail Property Trust, a $1.6B private REIT. Antares has purchased three South End parcels comprising a total of 82 acres over the past year. The land will be converted into a dynamic, mixed-use neighborhood that provides new housing, generates new tax revenue, and contributes to Stamford's world-class quality of life. Demolition activity has begun on former Pitney Bowes industrial site, located in Peninsula Bay. The 22-acre property has been largely unoccupied since 2004. Antares purchased the site in 2005, along with the 40-acre Admiral's Wharf site and the 20-acre Yale & Towne site. About Antares Investment Partners A leader in a full range of real estate assets and services, Antares Investment Partners manages a multi-asset real estate portfolio valued at approximately $4.5 billion. Headquartered in Greenwich,Connecticut, the company was founded by Joseph Beninati and James P. Cabrera in 1996. Today, the firm is engaged in real estate investment, development, construction, management, brokerage, leasing and sales, and participates in business partnerships with leading capital sources in the real estate industry. The development company is also undertaking a major revitalization of Stamford's South End. A vertically integrated company, Antares develops, builds, owns and manages a broad range of ultra-luxury assets. Its residential assets include CiderMill, an exclusive, gated community in Armonk, New York and the Lake Carrington Estate in Greenwich, North America's largest spec house. Commercial properties include Pickwick Plaza, considered the country's finest suburban office complex and The Delamar Greenwich Harbor Hotel, a luxury waterfront hotel.
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