No, no real news to report. Though a month since the last town hall meeting has passed, Prescott Realty still hasn’t named any of its two or three retail anchors, but senior managing director Stephanie Colovas told me today that Prescott is in "full leasing mode now" and "in advanced discussions with one of the anchors." The company hopes to make an announcement within the next few weeks, she says.
I asked her if Prescott still hopes to land a bookstore, theater and grocery store as anchors, and a mix of locally-owned and chain stores for the rest of the Lake Highlands Town Center tenants, and Colovas told me, "All of that is still the game plan." She added that Prescott is receiving quite a bit of interest from restaurant groups, which is "something we anticipated all along because Lake Highlands is historically underserved from a higher-quality restaurant perspective," but again, no names of restaurants are being announced.
Currently, Prescott is getting ready to grade the site, finalize the design, and has created a tree farm on the north and south ends of the site, where all of the mature trees on the property have been temporarily moved while the site is graded.
Also, the Lake Highlands Public Improvement District (PID) is on the docket tomorrow before City Council. I misspoke in my prior post about the PID receiving approval; I should have said that it received enough support from property owners inside the PID boundaries for it to go before council. Because it already has the support it needs from property owners, the council is expected to give it the green light.
