Charlie Corson, principal in the locally based firm, tellsGlobeSt.com that the architect will be picked in late January forthe as-yet unnamed project on dirt bought from Houston-based PerryHomes and Newt Walker, a local investor and broker of Dallas infillproperties. The sellers quietly marketed the site after retreatingon a plan for another phase of the Village at Henderson in theKnox-Henderson corridor where an eclectic and trend-setting mix hasemerged in new, redeveloped and renovated residential and retailspace in recent years. With the sale, the corner's four quadrantsall will be sporting new retail and residential projects by2009.

Corson says the "amenities" of the Henderson corridor "is whatattracted us." If all goes as planned, ground will break in thefall. "We will look at the planned and existing architecture in thearea and try to do something different but significant," hesays.

Corson was a founder and principal of Dallas-based StaubachCapital Partners, joining his long-time friend Mark Zale after theother partnership dissolved in early 2006. The first units are justnow delivering at Zale|Corson's first project, the 398-unit Tribecaat 8401 Memorial Lane in Plano. The estimated $50-million complex,with nine buildings, has units averaging 910 sf and $1.30 per sf inrent. Corson says they own another eight acres beside the 11.8-acreTribeca for a 240-unit second phase, which is penciled to get underway next summer.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 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.