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LAKE WORTH, TX-Land sales are expected to close this week and next for the first two elements of Landmark Quebec, a $300 million mixed-use project at Loop 820 and Quebec Street on the city’s border with Fort Worth. The project by Wilson-Stonaker LLC of Southlake, TX will ultimately have 50 acres of commercial and retail development, 50 acres of residential development and 100 acres of industrial development.

Dallas-based Starplex Operating LP expects to close on a site this week and immediately begin construction of a 12-screen Starplex Cinemas theater. Purchase of the site for a 100-unit Hampton Inn is also nearing completion, according to Wilson-Stonaker manager Bill Stonaker, who tells GlobeSt.com the hotel deal awaits only the promised city stamp of approval.

Stonaker says a deal with a major anchor for the overall project is also near completion. Though he is not free to divulge the name of the anchor, he does say the deal hinges on a request to rezone 45 acres of the site currently designated for residential use. Local news sources have revealed that Texas Health Resources of Arlington, TX is negotiating to build a $100 million Harris Methodist hospital in the project.

Stonaker adds he is also in discussion with several additional retail tenants, including a major sporting goods retailer that is new to the submarket. “We’re working on a bunch of deals,” he says. “We’ve got some big box guys that are looking. We’re right on the border with Fort Worth, just off Jacksboro Highway, which is an excellent location.” The property is across Quebec Street from the Landmark Lakes Center, a 24-acre Lowes-anchored retail complex also developed and owned by Wilson-Stonaker. Other tenants include Best Buy, Verizon, Buffalo Wild Wings and 24 Hour Fitness.

The developer secured a construction loan in January from First Horizon National Corp. of Tennessee to begin site infrastructure work. He says the company will not begin marketing the industrial park until the anchor-tenant deal is finalized. He estimates it will take about seven years to complete the entire project.

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