SAN ANTONIO-Businessman H. Drake Leddy, founder of Presidian Destinations, is going after third-party contracts now that he's firmed up management practices at his hotels. Leddy's team recently bought 28 acres in Braker Pointe for a Hilton Suites.
AUSTIN-A 165,000-sf lab for biological sciences is on track for a March 2002 groundbreaking. The team's in place and ready to go now that the university's board of regents has signed off on the undertaking.
SAN ANTONIO-Bath & Body Works retailer heads to the 650,000-sf Bandera Pointe for its 10th store in San Antonio. The power center is a joint venture of Cleveland-based Developers Diversified and David Berndt Interests.
SAN ANTONIO-Southwest Research Institute, a microencapsulation tech operation, launches a 14,400-sf lab on its 1,200-acre campus in northwest San Antonio. The institute was founded in 1947 by Texas oilman Thomas Slick.
MARBLE FALLS, TX-A 36,300-sf vacant grocery and a antique mall get a makeover into a 30,000-sf, eight-screen theater in the resort town of Marble Falls. The balance of the space will be readied for general retail use.
AUSTIN-The private St. Edward's University is tackling a $7.5-million, four-building project that includes 60,000-sf dormitory. The campus construction is positioning the facility for an enrollment doubling. The slab gets poured today on an academic building.
AUSTIN-A CBD commercial interior business holds onto its ground-floor Downtown location in the 111 Congress building, owned by EOP Franklin Plaza LP. The six-year-old Shelton Keller Group occupies 3,600 sf.
SAN ANTONIO-Come Dec. 6, Albertsons shutters three under-performing locations in the San Antonio market. The store is keeping 19 stores open in the region. The soon-to-close sites simply couldn't stack up in a sales and earning review.
AUSTIN-Austin Community College is dickering to buy a closed Albertsons in south Austin. The plan is to open a campus on the 5.6-acre site and redo the store's interior into classrooms. The college's six campuses right now are stretched to the max.
AUSTIN-Startup companies aren't likely to make any sizable dent in Austin's office market. Venture capital, which once fueled an office-building boom, is drying up. Fewer companies will come online in the next two years to help with the space glut.