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I saw this linked on Swamplot this morning. I haven't found a relevant thread, so here you go:

 

Stafford, Texas – The Stafford City Council has approved a plan to redevelop the 192-acre Texas Instruments site on the Southwest Freeway, just southwest of Houston.

 

Last year, Street Level Investments, the developer of the mixed-use project, said it is expected to include a 400,000-square-foot Simon Premium Outlet retail center, 600,000 square feet of office space, multifamily development and a hotel.

 

The site, with an enormous half-mile of frontage on the Southwest Freeway, has been the campus of Texas Instruments, which is vacating the property and selling it to Dallas-based Street Level, which would be leased by an affiliated company, Edge Realty Partners.

 

http://realtynewsreport.com/2015/05/04/large-mixed-use-project-moves-forward-on-texas-instrument-tract/

 

My expectations aren't high - suburban outlet mall, apartments, office buildings - but perhaps a nice addition to the area. Does anyone have more details?

Edited by The Ozone Files
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Is the project for the outlet mall really dead?  Is it in an article somewhere?  The company I work for was asked last month to sign a lease to go into the outlet mall section.  Since they are not local, they are wondering if the project is still a go.  Any info?

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http://www.yourhoustonnews.com/fort_bend/news/ti-facility-development-negotiations-hit-snag/article_835a1a73-440d-562d-975a-8b061c1e4157.html

 

Stafford Mayor Leonard Scarcella said the city sent its counter proposal to officials with the development firm, Street Level Investments, last week and are awaiting the company’s response. The city and Street Level began negotiating in 2014 regarding the re-development of the 192-acre tract into a property that would include an outlet mall, office space, luxury apartments, restaurants and entertainment venues.

“(City) council has looked at the counter proposal very thoroughly, as well as the Stafford Economic and Development Council board and we have forwarded it to them (Street Level),” Scarcella said. “Our proposal states in a straight forward manner what we expect out of them and what it will take to move the negotiations forward. The ball is in their court now.”

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Dallas-based StreetLevel Investments and joint venture partnerProvident Realty Advisors Inc. purchased 192 acres in Stafford to develop a mixed-use concept with more than 350,000 square feet of retail and restaurants, 2,400 residential units, Class A office space, two hotels and a health club all built around a central food hall and park.

 

http://www.bizjournals.com/houston/morning_call/2016/01/dallas-developer-buys-former-texas-instruments.html

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http://www.houstonchronicle.com/business/real-estate/article/Former-TI-site-in-Stafford-up-for-a-makeover-6781459.php#photo-9299595

 

The project, the developers said, will represent the next generation of mixed-use development, with such concepts as an artisan food hall and a rotating selection of artists and designers selling unique items like handmade chocolates, jewelry and leather goods.

 

Some of the original TI buildings will be preserved and repurposed.

The food hall, for example, will occupy a 50-year-old structure of about 15,000 square feet. It will house local chefs and purveyors who will operate what will become a year-round culinary destination, the developers said.

"Houston is the best eating town in the country," Schiller said.

The project also will have a central park featuring live music, patio dining, community events and a farmers market. There will be public parking garages as well as street parking. Heritage oak trees on the site will be preserved.

The developers are moving forward with the project despite Houston's slowing economy. With a lengthy project timeline, they said they figured there would be an oil downturn at some point. And there's still a lot of work to be done on the site in the way of infrastructure.

StreetLevel sold a 25-acre portion of its site fronting Murphy Road to an industrial developer, and apartment developer JLB Partners purchased 60 acres for a portion of the multifamily construction.

About 380 apartment units are expected to be under way this summer.

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I'm sorta glad Simon pulled out of putting another Outlet mall here; going forward with the multi-level mixed use is a much better option and an outlet mall would seem like a waste of valuable space.

 

I agree. To many Outlet malls already. More have failed then prospered. Although this sounds like an exciting concept they will have to compete with nearby Sugar Land's similar endeavors. 

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