St. Ives, an affiliate of Bridge Realty Partners Inc., is boundby a confidentiality agreement so its executives won't disclose theanchor for Rockwall Corners. However, Issaquah, WA-based CostcoWholesale Corp. has received the city's nod for a 153,000-sf storeon 20.2 of the 50 retail-designated acres at the interstate'sjunction with Texas 205, which is under construction to make thelocal road into eight lanes and the I-30 overpass into six lanes.St. Ives' plan is to divvy the rest of the retail land into fivepad sites, including a two-acre tract for an 18,000-sf strip ofinline space.

Dale Bryant, the developer's leasing point man, that he will be starting talks this week with retailerswho quickly jumped onto the project's waiting list as word hit thestreet. Meanwhile, he says talks are under way with two multifamilydevelopers who are jockeying for that land.

St. Ives, acquiring the site in early 2007, controls the lastundeveloped corner at the suburban city's "Main and Main" of theretail corridor, Bryant says. The intersection has a Travel Americatruck stop on the southwest corner, Hobby Lobby at the northwestquadrant and a Chevrolet dealership on the northeast.Gale Roberge,senior project manager for Dallas-based Falcon ConstructionAdvisors, says infrastructure will be completed by the end ofNovember, allowing Costco to take over its development site forvertical work to begin. Falcon is St. Ives' constructionmanager.

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