(For more retail coverage, click GlobeSt.com/RETAIL.)
FORT WORTH-A Dallas developer is eyeing a construction start in the summer on a three-building retail development in the shadow of a Wal-Mart Supercenter.
The site plan for the North Beach Street project has just gone into the city, says Mark Matise with Browning Property Co., who represents the developer, Landsdowne Development Inc. of Dallas. "It's very preliminary. We just bought the land in recent months," he says about a proposal that's so new that a name has yet to be decided.
Matise is courting neighborhood retailers for 30,000 sf of shop space, set on a 4.6-acre tract. He says talks are under way with a 10,000-sf restaurant prospect. "I'm real hopeful by the time we start construction that we'll be at 50%," he tells GlobeSt.com. If Browning's construction schedule holds up, shell space will deliver for tenant finish-out in first quarter 2007, he says, adding cross-access agreements with Wal-Mart already have been worked out.
Continue Reading for Free
Register and gain access to:
- 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
© 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.