After seven years of planning and delays, dirt is moving at The District site on the Downtown Southbank.
Developer Preston Hollow Capital LLC plans a May 25 groundbreaking that could include a project name change.
“In mid-to-late May, a lot of activity is going to start being evident on the site and we’ll be coming out May 25 with an update on all fronts as it relates to the property (and) the timing,” said Ramiro Albarran, Preston Hollow managing director of origination and structuring.
“There may be a name change but I’m not ready to release that yet.”
In an April 23 interview, Albarran said the Dallas-based real estate capital firm will not be a vertical developer on the project and will market the individual property parcels at the 32-acre site to other developers.
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