(For more retail coverage, click GlobeSt.com/RETAILthe multifamily market, click here.)
MANSFIELD, TX-The new owners of the 870-acre South Pointeland intend to follow through on the in-place plan for build-out,save for a few tweaks to the proposed $532 million of commercialconstruction and $530 million of residential. And, they'd like tostart infrastructure work early next year.
Donahue Development Corp. and Chicago-based Rubloff DevelopmentCo. picked up the play in an off-market deal with Cadence CapitalGroup of nearby Irving. Talks started out as a joint venture abouta year ago and swung to a full takeover, with Cadence available asan adviser if needed, Kent Donahue, president of the Dallas-baseddevelopment firm, tells GlobeSt.com.
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