Michael Swisher, a Horizon principal, tells GlobeSt.com theSouthpointe II construction cost is approximately $250 million. Itencompasses one million sf of office; 170 single-family attachedand detached residences, and approximately 200 multifamily unitswithin the 800,000-sf Southpointe Town Center. The town centercontains 500,000 sf of retail, and Horizon is joint-venturing thatportion with Peoria, IL-based Cullinan Properties. Swisher saysretail leasing is under way, but declines to name tenants now.

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Cambria Suites is the new lifestyle brand of Silver Spring,MD-based Choice Hotels, and this will mark the brand's entry intothe Greater Pittsburgh market. Swisher says the construction costis approximately $12 million.

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Cambria Suites contain a Reflect casual dining room, Refreshfitness center with pool and spa, and Refill 24/7 convenience storealong with more than 1,000 sf of meeting space. "The luxury aspectof the Cambria Suites really mimics the elegance and luxury ofSouthpointe II," says Rod Piatt, founder and president of HorizonProperties, in a statement. "The master plan for the area calls foran influx of hotels that allows for short-term corporate lodging aswell as extended lodging for visitors to the area."

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Horizon is also developing a 123-room Hilton Homewood Suites inSouthpointe II. Swisher puts its cost at about $10 million. It willbreak ground this spring and is scheduled to open in spring 2009 tocoincide with the opening of Southpointe Town Center. The CambriaSuites will follow in summer 2009, Swisher says. Buffalo LodgingAssociates LLC, headquartered in Buffalo, will manage both hotelsunder a long-term agreement with Horizon Hospitality.

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The hotels and town center are the final components ofSouthpointe II. As GlobeSt.com previously reported, Consol Energychose this development for its new two-building 350,000-sfheadquarters, and Chicago-based USG Corp. has a 60,000-sf officebuilding in the development. "We're out of land," Swisher says.

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