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From the March 7, 2003 print edition
Insider/DBJ Confidential
Upscale retail deal
SOUTHLAKE — The developer of a 550-acre mixed-used project
along the north side of State Highway 114 has announced a deal with
Dallas-based Lincoln Property Co. to turn 23 acres into an "upscale
retail" center.
Dallas-based Terrabrook, which is developing Aventerra
in Southlake, signed a contract in January to sell land at the northeast
corner of White Chapel Boulevard and S.H. 114 to Lincoln by the third
quarter.
The retail development could open by this time next
year, when construction along that stretch of S.H. 114 is due to be
completed, said Rick Croteau, Terrabrook's vice president and general
manager of Aventerra.
In addition to a contemplated single-famly residential
component, Croteau said he is talking with another Dallas-based developer
to put additional retail on another 23-acre site at the northeast corner
of Dove Road and S.H. 114.
— David Wethe
© 2003 American City
Business Journals Inc.
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