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DALLAS-More retail and multifamily will be added to the massive Cityplacedevelopment in the Uptown area of the Dallas.

Cityplace Co. is about to begin construction on a 22,000-sf retail buildingthat will have a two-level Borders bookstore and a Chase Bank branch on theground floor, with associated parking, says company president Neal Sleeper.

Following that facility, the company will build another building with30,000-sf of retail and apartments on the upper floor, Sleeper says.The property sits on a 2.5-acre lot, across the street from the West Villageretail complex, on McKinney and Lemmon avenues.

Sleeper says the bookstore and bank are going on the southern half of theproperty, and the next phase will be on the northern half.”The next phase will have additional tenants of retail, we don’t know whoyet, we’re in the process of leasing right now,” Sleeper tells GlobeSt.com.”The building will have apartments on top, but we don’t know how many yet.We’re still in the planning stage.”

He adds there would likely be between 100 to 250 apartments in anywhere fromfour to eight stories in the building.

The project is part of the overall Cityplace complex on 140 acres, which thecompany has been developing, or selling off property to be developed, overthe last 12 years.

The new retail component will match nicely with West Village, a mixed-useretail and multifamily development, which opened in 2002. The property hadbeen sold by Cityplace to Miller Interests Inc. and Phoenix Property Co.

Sleeper says his company will keep the new retail that is being built, butmay structure the deal so that the apartment developers would own thatportion.

The current retail project should open next year. It’s beingdesigned by HKS Inc. Architects.

After the two phases are complete, the complex will have about 24 acresleft to be developed.”It will all be developed as mixed use, retail combined with multifamily orpossibly offices,” Sleeper says.

He says the area wasn’t great when they bought the land, but has increasedin popularity.”In the last eight years, about 12,000 new residential units have been builtin the Uptown area, from townhouses to high-rise apartments to condominiums.”

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