(For more retail coverage, click GlobeSt.com/RETAIL.)
FLOWER MOUND, TX-With 700,000 sf up or on the way at a keycrossroads, a Dallas-based developer's Highlands Ranch ShoppingCenter has fielded a triple hit from junior anchors eyeing grandopenings before this year's holiday season begins. The 77,786-sfround closes out all junior anchor slots.
Direct Development LP has snagged Best Buy, PetsMart and OfficeMax for its $20-million Highlands Ranch, a 250,000-sf developmentat the southeast corner of FM 2499 and 407 and right across thestreet from its inroad into the suburb, the 450,000-sf Highlands ofFlower Mound. "That center on the southwest corner is doing well,"says David Watson, principal in Direct Development, "so all theseguys really wanted to get open fast." He says all will be open infor the holiday shopping season.
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