Tracy Gilmur, Sundance's marketing director, says "at this pointwe don't know that it's not going to happen." The Bank One Buildingis set to open in March 2002.

A CoServ insider tells GlobeSt.com that the firm still"believes" in the viability of the Sundance Square project. But, headds, CoServ is "still in the process of evaluating all of ouroptions in light of the Chapter 11."

Sundance and CoServ, a bundled utility provider based inCorinth, TX, signed the deal in late October 2000 to deliverservices to the buildings' 118 residential and 120 commercial andretail tenants. CoServ was the only provider willing to bringhigh-speed connections to all 24 buildings, regardless of size. TheCBD square is laced with two- to 12-story structures intermingledwith the usual high-rise fare. CoServ was to use fiber-opticcabling, small rooftop satellite dishes and copper cablingtechniques for the hookups, carefully tailoring the connection tothe building since the square has a good size stock of historicstructures.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.