(For more retail coverage, click GlobeSt.com/RETAILthe multifamily market, click here.)
ORANGE BEACH, AL-AIG Baker Shopping Center Properties LLC hasturned over the reins to an estimated $1-billion development to atwo-year employee who was first on the ground for the planningstage. The top exec steps up just as the developer is ready toforge ahead on the Wharf's second condo building, the 243-unitBoggy Point.
Beason Wilkes has been named vice president of production andmanaging director of the Wharf, a 220-acre, mixed-use developmentdesigned to be a destination resort and entertainment location.Wilkes tells GlobeSt.com that the 243-condo Boggy Point, now 75%sold, will go vertical in 45 days. Its condo presales are yielding$425 per sf to $450 per sf. Delivery is planned for 2008.
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