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Retail Developer Plans $75M Triple Play

HOUSTON-DKH Interests will break ground this summer on a 500,000-sf trio in Atasocita, League City and Sugar Land. The largest development is a 250,000-sf boardwalk-style, mixed-use undertaking about 1,000 feet from the Gulf Coast shoreline.

By Jennifer Brenner Andrade | Updated on April 28, 2004

HOUSTON-DKH Interests, a one-year-old development firm in Houston, will kick off work on three lifestyle centers in the summer. The $75-million plan will add more than 500,000 sf of retail space in Atascocita, League City and Sugar Land.

DKH has branded each development as Alore or “a leisure-oriented retail environment,” each boasting the signature print of an elaborate water feature. The developer will bring out Alore III, with 110,000 sf, on 10.3 acres at the intersection of FM 1960 and West Lake Houston Parkway in Atascocita; the 250,000-sf Alore IV at the southeast corner of Texas 96 and FM 1266 in League City; and 160,000-sf Alore V at the junction of Texas 6 and Colonial Lakes Drive in Sugar Land’s master-planned development of First Colony. All will deliver in spring 2005.

The 10.3-acre Alore III is a $20-million project with a Dallas-based theater chain now locked in negotiations for the anchor spot, Bryan Dunson, DKH president, tells GlobeSt.com. Designed by Houston architect Jonathan Myers, the 110,000-sf project is 65% pre-leased, he says, adding work begins in mid-June.

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