Though United Commercial Realty broker Jean Smith is “fully focused” on opening the 12th DFW Sprouts grocery store in the Lake Highlands Town Center, the project’s developer, Prescott Realty, says it isn’t as single-minded.
Prescott released this official statement after reading last week’s Back Talk blog post (and seeing the enthusiastic comments): “Sprouts has remained interested in Lake Highlands Town Center, but we [Prescott] are considering all alternatives to ensure the highest potential for a financeable project.”
A Prescott official says the company is trying to finalize its negotiations with the grocer anchor, without specifying which grocery store (or stores). The grocery store will be in the section of the project along Skillman between Walnut Hill and Sedgwick, and finalizing the grocer lease is the first domino that has to fall in order for the rest of the 70-acre retail-and-residential project to take shape.
As noted in Prescott’s summer press release, construction on the first block of 200 apartments should begin soon, and a Prescott official says it could begin as early as November. These first apartments will be built southeast of Sedgwick and Wildcat Way.
