CBL's 62 apartments will come on line July 30 in conjunctionwith the grand opening of the 1.2-million-sf town center. In thefall, Sueba plans to break ground on two four-story buildings, theResidences at Pearland Town Center, on a seven-acre, ell-shapedsite that serves as the eastern bookend for the plaza and pavilionarea. CBL's units line the plaza's western side. And, it's the onlymultifamily land in the 147-acre town center at the junction ofRoute 518 and 288.

"It's an important part of the development," says MichaelLebovitz, chief development officer and senior vice president forChattanooga, TN-based CBL Properties. He tells GlobeSt.com thatSueba was one of three multifamily developers in the running. "Theyhave a tremendous amount of experience in the Houston multifamilymarket and experience with developing residential units as part ofmixed-use projects," he says, adding "and they're greatpartners."

[IMGCAP(2)]Sueba is planning a mix of one-bedroom gardenapartments and two-bedroom lofts, which are set to deliver in fall2009. Coming on line this July will be CBL's one- and two-bedroomlofts, ranging from 1,100 sf to 1,300 sf. Some residential unitshave balconies with views of Downtown Houston.