McKINNEY, TX-Houston-based Levcor Inc. and CalSTRS are planning to develop at least 500,000 sf as their joint-venture inroad into North Texas. Based on current pricing, sources say the regional power center's all-in development cost will top $50 million.
Stonebridge Crossing will sit on the going-home side of the US Hwy. 380- Custer Road intersection, a 53-acre tract recently bought in an off-market deal with Dallas-based Hunter Equities LLC. Dan Smith, senior vice president for Levcor, tells GlobeSt.com that the regional development, though still in its infancy planning stage, could break ground by year's end. The delivery goal is fall 2009.

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