Search
 

St. Ives Starts 88-Acre Site Prep for New Plan

ROCKWALL, TX-Rockwall Corners' land will be ready for vertical work by the end of November. The plan is 18 acres of townhouses and 50 acres of retail, with Costco as the anchor.

By Connie Gore | Updated on August 04, 2008

ROCKWALL, TX-St. Ives Realty Inc. has jump-started work on an 88-acre development, the last undeveloped corner at the crosshairs of a “Main and Main” Interstate 30 intersection. The Dallas-based developer has reserved 18 acres for townhouse construction, 20 acres for conservation easements and the 50-acre balance for retail.

St. Ives, an affiliate of Bridge Realty Partners Inc., is bound by a confidentiality agreement so its executives won’t disclose the anchor for Rockwall Corners. However, Issaquah, WA-based Costco Wholesale Corp. has received the city’s nod for a 153,000-sf store on 20.2 of the 50 retail-designated acres at the interstate’s junction with Texas 205, which is under construction to make the local road into eight lanes and the I-30 overpass into six lanes. St. Ives’ plan is to divvy the rest of the retail land into five pad sites, including a two-acre tract for an 18,000-sf strip of inline space.

Dale Bryant, the developer’s leasing point man, tells GlobeSt.com that he will be starting talks this week with retailers who quickly jumped onto the project’s waiting list as word hit the street. Meanwhile, he says talks are under way with two multifamily developers who are jockeying for that land.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.