"We'll physically break ground on infrastructure for the site atthat time, with infrastructure completed by October of 2008," saysBrett Mann, partner in Houston-based Vista Equities Group. Thedevelopment partnership includes affiliate, Vista Private EquityGroup LLP.

Much of the early work will focus on street and utilityinstallation at Grand Parkway and Kingsland Boulevard. Thepartnership also plans to sell and lease parcels to end users. Todate, Mann says 28 acres has been sold to a medical services'provider and another 20 acres are under contract to a developer ofmedical space.

Mann tells GlobeSt.com that the remaining land, predominatelyearmarked for retail and restaurants, could hold up to 400,000 sfas pad sites or small retail buildings. "It's so early in the gamethat we really haven't started marketing any of those parcels," hesays, adding the development plan includes ground leases andfor-sale tracts.