(For more retail coverage, click GlobeSt.com/RETAIL.)
HOUSTON-Committing to a second commercial development in theregion, Trademark Property Co. has signed a 100-year ground leasewith the Kagan & Rudy Families Properties Ltd. and Karu Ltd. ofPortland, OR. The six-acre site, now holding an auto dealership,will be scraped and redeveloped with a 100,000-sf, mixed-useproject for the Galleria submarket.
The Fort Worth-based Trademark's High Street plan will cost $65million to $80 million to develop. Ground will break in spring 2007so the center can open in 2008.
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