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Fall Debut for La Cantera

SAN ANTONIO-Now in GGP's portfolio, the 100-acre retail resort's first phase is 83% pre-leased, and a second phase is in the works.

By Connie Gore | Updated on January 07, 2005

SAN ANTONIO-While corporate teams brokered one of last year’s top retail mergers, the development group for the 1.3-million-sf Shops at La Cantera kept the project on track. Now part of Chicago-based General Growth Properties Inc.’s portfolio, the grand opening is penciled for Sept. 16.

“It will be the highlight of 2005,” promises Robert Rubenkonig, VP of corporate communications for the former Columbia, MD-based Rouse Co. and now General Growth’s man on the ground for the project. He tells GSR that the open-air retail resort’s pre-leasing has hit 83%. “It’s been business as usual,” he says, “we’re moving full speed ahead.”

In recent months, La Cantera could have stumbled off schedule. Not only was it rolling to a new owner with the merger, but its senior development director, Chris Carlaw, died right before Christmas. “It was a very sad time for all of us,” Rubenkonig stresses, adding a memorial of some type will be placed at his trophy development designed to be a primary shopping destination for affluent San Antonio residents and Mexican nationals.

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