(For more retail coverage, click GlobeSt.com/RETAIL.)

CEDAR PARK, TX-Endeavor Real Estate Group will break ground in mid-October on the mixed-use, 900,000-sf 1890 Ranch Shopping Center. The development, ticketed to open in October 2007, is carrying an all-in price tag north of $100 million.

The 90-acre project has been in the works for close to two years. The Plano, TX-based Cinemark USA Inc.’s lease signing for a 12-screen movie theater was the firing pin to start construction at the new US Highway 183A and FM 1431. Letters of intent are in hand for PetsMart, which plans to lease 27,880 sf and Office Max, which will take down 20,000 sf. Target Corp. plans to build a 177,531-sf store on its land.

Charlie Northington, principal for Austin-based Endeavor, says the center is filling a void in the submarket so it’s attracting strong attention. “The new tollway is just coming through and this is a growing area so we’re here at the right time,” he tells GlobeSt.com. A recent report pegging retail vacancies at 7% and high single-family housing sales supports the need for more retail space.

The 1890 Ranch Shopping Center will be built in two phases, with the first wave laid out with 530,000 sf of retail and 100,000 sf of medical and office space. Northington says the second phase, 270,000 sf, will begin to rise in early 2007.

“Cinemark’s commitment to this project demonstrates the caliber of tenant that Endeavor will be bringing to the 1890 Ranch project to make this a true entertainment and shopping experience for our citizens,” Phil Brewer, director of economic development for Cedar Park, says in a press release.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 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.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.