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Simon Starts Firewheel's $126M First Phase

GARLAND, TX-The first 750,000 sf of a one-million-sf development jumps off the drawing board after nearly eight years. The 94-acre Firewheel Town Center launches with retail pre-leasing above 75% and an office team ready to hit the streets next week.

By Connie Gore | Updated on October 03, 2004

GARLAND, TX-After years of talking and a major redesign, Simon Property Group yesterday broke ground on a 750,000-sf first phase to a one-million-sf retail and office project heralded as the largest commercial project to rise in Garland and a surefire linchpin for the far northeastern suburbs.

Firewheel Town Center gets going with letters of intent for retail space pushing north of 75%, Bill Hammer, Simon’s vice president of development, tells GlobeSt.com. And, he says, “we expect to open close to full.” The team has until fall 2005 to meet the expectation for the grand opening of the $126-million first phase of development. Hammer says it’s a pretty safe bet that the 94-acre site will be fully built out in about three years.

Leasing for a 75,000-sf office component kicks off next week with a Cushman & Wakefield of Texas Inc. team at the helm. Director Tracy Fults, assisted by associate Allison Fannin, will market the second-floor office space for about $25 per sf. The team will court local professionals of all types for a “Main and Main” intersection with a mixed-use building on each corner in an open-air, lifestyle design with close-in parking.

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