"This is located in the two or three fastest-growing zip codes in the city," David Berndt, president of Berndt Interests Inc., tells GlobeSt.com. "What we tend to do is to look for those areas that are below the area's retail growth and target those markets for development."

Bandera Pointe is much larger than most power centers, located on 100 acres at the intersection of State Loop 1604 and Bandera Road. The site will eventually be home to 800,000 sf of retail and restaurants. Even as tenants are moving into the first phase over the next three months, a second 125,000-sf retail phase of Bandera Pointe is being developed. Construction of the second phase is expected to begin in about five months, says Kevin Avondet, development partner of Berndt Interests.

Avondet says the one thing that is most striking about the project is just how quickly it has leased. The project, under construction for about a year, is already 90% pre-leased. Other tenants will include Barnes & Noble, Ascot, TJ Maxx, Old Navy, Rack Room Shoes, Linens N' Things, Dress Barn, Hallmark, Mattress Firm, Bath & Body, Payless Shoes, Great Clips and Red Fox Cleaners. Also coming are Westlakes Family Dental, James Avery, Wolf Camera, Babbages, Clothestime, The Avenue, Verizon, Subway, Sprint, Party Pig, Chili's Johnny Carino's, Frost Bank, Friedman Jewelry and Cool Cuts.