HOUSTON – (Realty News Report) – Trademark Property Co. will break ground on Dunham Pointe, a 202,000-SF retail and restaurant district anchored by Whole Foods Market in Cypress.
The Fort Worth-based real estate company and its partner MetLife Investment Management have secured financing for Dunham Pointe and set a date of Oct. 1 to break ground. PNC Bank provided financing. So far, 14 tenants have committed to space.
“Starting construction is a major milestone for us and for Dunham Pointe,” Terry Montesi, CEO and founder of Trademark, said in an announcement. “We are seeing the start of a new retail development cycle after one of the longest downturns in history. With record-low national retail vacancy and construction starts, the market is genuinely undersupplied, and developers and investors are starting to respond. We are proud to be among the first movers, getting impactful projects like Dunham Pointe off the ground.”…