Focus Property Group is a land developer, which is to say theyacquire land, master-plan it and prepare it for development butdon't usually go vertical themselves. The company bought the sitein a June 2004 federal auction for $557 million.

Focus Property Group chairman/CEO John Ritter tells GlobeSt.comthat Inspirada Town Center will include up to 5,000 housing unitsand between 300,000- and 700,000-sf of retail, not including theretail that will be part of the casino-resort that will anchor awalkable town center with a central park. The bulk of theresidential will be housed in two 200-feet towers and the remainderin several four-and five-story buildings that will house the retailon their ground floors. Other buildings will have office spaceabove street-level retail. Buildings for civic and municipal usesare also planned.

"It's moving forward pretty agressively," Ritter says. "Theinfrastructure and roads, including a road that connects toInterstate 15, are under construciton and will be finished in 24months, and we are already negotiating deals for three of themid-rise multifamily sites and one of the outlying, daily-useretail sites."