Watters Creek Slide Show

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Terry Montesi, founding partner of the Fort Worth-based Trademark, tells GlobeSt.com that a hotel site is under contract to a major chain, with the 150-room project possibly breaking ground in early 2009. The LEED-designated, resort-style development will get more retail, residential and office as well before the 52-acre site reaches build-out. Roughly 75% of the 52-acre project is now complete at the junction of US Hwy. 75 and Bethany Drive.

Watters Creek's grand opening signals 84% occupancy in the 550,000-sf retail component. Today's mix has 49 shops and restaurants and 10 more stores are on track to open by year's end.

"We've made virtually every lease we wanted to make in that corridor. It's a very interesting time to be opening a large anchored mixed-use development," Montesi says. "We've done so well with leasing given the economy. We're certainly pleased and not disappointed." In addition, the apartment lease-up is under way.