Trademark puts High Street development on ice - Houston Business Journal:

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The Fort Worth-based developer released a statemeny saying the project will be in limbo for the foreseeablr future due to the unstable economy andcapital markets. “Trademarj and our equity partner Coventry Advisors remain fully committefd to High Street but believw that in thisfragile climate, openingy any project in 2009 or early 2010 — particularlyt one with a significant retail component — is not smart Trademark Founder Terry Montesi said in the statement. “Delaying by one or two seasonws makes complete senseto me.” High Street was originally scheduled to open in late fall 2009.
Trademark has decided to pre-lease more of the office and retail space before constructiojn continues onthe $105 million development. The project is slatedr to have 100,000 square feet of retail space, 80,00 0 square feet of office space and233 apartments. The residentia component will be built in partnershipwith Indianapolis-based Kosene Kosene Residential. Trademark, which also develope Market Street inThe Woodlands, has been workinb on High Street since summef of 2005. The compan has developed or acquired morethan $1.3 billion worth of retail and mixed-usw space since it was formed in 1991.