The project will have 160,000 sf of retail renting for about $30 per sf and 135,000 sf of office, leasing for about $20 per sf, according to a published report. There has been no pre-construction leasing. Shield Property bought the eight-acre site from Pulte Home Corp. for an estimated $6 million or about $800,000 per acre (18.36 per sf), its listed price.
Two buildings fronting Highway 521 and Ballantyne Commons will have ground-level retail and terrace-level dining. Two additional buildings will face the entrance roads and combine first-floor retail with office on the second and third floors. Heiliger Shield Associates is handling the project's leasing.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.