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WESTLAKE, TX-General Growth Properties Inc. is ready to push out a one-million-sf mall, signing anchors for a long-awaited undertaking to bring the first large assembly of retail to the rooftops of Northeast Tarrant County. The Shops at Circle T Ranch will break ground in the fourth quarter, with delivery anticipated in 2006.

Additional details will follow tomorrow, but the news of today is that Dillard’s and Foley’s are on board while talks proceed with AMC Theaters to anchor the entertainment line-up. The 130-acre proposal is designed as the focal point to a 2,500-acre master-planned development by Hillwood, whose founder Ross Perot Jr. has been on a journey for years to make the deal happen at the right place and the right time.

A recent rezoning shifted the project–a retail resort–to the east side of Lake Turner to capitalize on the branding concept.

“With more than 40,000 new homes within a 10-mile radius of the Shops at Circle T Ranch, this area is one of the fastest growing regions in the country,” Mike Berry, president of Hillwood Properties, said in a press release. “The tremendous growth and outstanding demographics show there is significant demand for an upscale retail resort with a tenant mix similar to the Galleria and Northpark Mall in Dallas.”

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