The affiliate of Shreveport, LA-based Sealy & Co. owns 55acres at the southeast corner of Texas 121 and Spring Creek Parkwayand the 27-acre southeastern corner, which lies in the Colony. Thelarger site includes 14 acres for retail and a hotel. Talks havejust begun with the Colony to put multifamily and additional retailon its side of the project. Development manager Michael Sealy saysa site plan will be submitted "shortly" to the city.

With the office plan firmly planted, Sealy tells GlobeSt.comthat joint venturing will be considered along with outright landsales for retail, hotel and multifamily developments. Sealyestimates it will take seven years to build out the 82 acres. Withthe immediate focus on office, he says the development will bepaced, with a second office building not about to start untilPalomino Crossing I is stabilized.