The project has deep pockets behind it. Stanley is president ofPlatinum Construction Co. which is financed by software magnateAndrew Filipowski. He sold his Platinum Technology Internationallast year for $3.5 billion.
Stanley is three-quarters of the way to his assemblage target.He already has acquired 320 acres and has also bought the site ofthe former Carolina Tuff-Lite Corp. He anticipates the retailportion of the venture will be leased quickly because it will offera truck stop, hotel and highway commercial-zoned parcels.
Stanley says development costs alone could reach $20 million ifhe can patch together the entire 550 acres. He estimates his totalinvestment could run as high as $250 million, once the park isfully occupied.
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