[IMGCAP(1)]PLANO, TX-The Ainbinder Co. has disclosed plans for a $150-million-plus mixed-used development on a 35-acre tract that it bought off-market last summer. High Street at Stonebriar will be a high-end mix with at least 250,000 sf of retail, 100,000 sf of office and one hotel.

“We were being so quiet because of the size,” says Bart Duckworth, president of the Houston-based development company. The development site has two hard corners along Texas 121: a 17-acre tract on the east side of Parkwood Boulevard and 18 acres on the west side. Bought from Preston Commons LP of Dallas, the land is just south of the 1.2-million-sf Stonebriar Centre.

High Street at Stonebriar is being likened to Kierland Commons in Phoenix in terms of its class A design as a pedestrian-type urban village and projected tenancy. Duckworth acknowledges that the dirt is located in a highly competitive retail submarket. “What appealed to us is there was a component that was missing: the higher end home furnishings, restaurant chains, soft goods and women’s apparel,” he tells GlobeSt.com. “There was, believe it or not, a niche in our business that was not represented up there.” The retail mix is expected to end up 70% national and 30% local.

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