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The latest development news from The Maverick Group:
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Closed on 30 acres on the east tract with Florida Capital.
Plans are to build a 524 unit upscale apartment development
starting in January 2007.
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We received a verbal commitment from Kroger's to place a
129,000 square foot store on the West Tract. We are curently
negotiating the contract to either Build to Suit or sell the
land. Other Outparcel users we are negotiating with include
CVS, 2 Banks, Taco Bell and a number of other nationals
retailers to be named later.
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We have started construction on a 70,000 square foot
Shopping Center on the east tract . Some of the tenants
currently negotiating on the site include Starbucks,
Countrywide Mortgage and other regional and local tenants to
be named soon.
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Chili's is about completed with construction of their
restaurant and is looking to open for business by December
7, 2006. We have also started construction on our 26,000
square foot shopping center. We are negotiating with
University of Texas Medical Board to occupy 20,000 square
feet of the center and a 4,000 square foot Spa/Salon.
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The 32 acres of Townhome/Garden Home and 5 acre Office Park
are under contract with a Houston Builder. Closing is
scheduled for November 15 on the residential and December 15
on the Office Park.
- The Maverick Group has put 16 acres under contract on
Old Hammond Hwy. approximatly 1/4 mile east of Sherwood
Forest next to Ultima Fitness Club. Plans are to build a
residential development with possibly some office on the
frontage. Stay tuned!
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