June 19, 2009 CONSTRUCTION UNDER WAY ON PRESIDIO JUNCTION FORT WORTH-LNR Commercial Property group is putting the finishing touches on infrastructure construction at its mixed-use development Presidio Junction in north Fort Worth at the intersection of North Tarrant Pkwy and I-35W.  The 300-acre development will feature more than 1 million square feet of retail, restaurants and shops, 1,300 apartment units and 750,000 square feet of fitness, hotel and Class A office space. Vertical construction has already begun on 348 apartment units within the development that will begin leasing this summer.   The gated apartment community will include a clubhouse with a business center, workout facility, pool and a dog park. The retail component of Presidio Junction is being handled by The Weitzman Group under the direction of Weitzman’s Brian Glaser and Marc Marrocco.  The first major retailers at Presidio Junction will include a Lowe’s home improvement center, and other national chains set to open next year.  Restaurants in the works include three sit-down restaurants and four quick-service concepts. "The Presidio is ideally positioned at a high-profile site in theI-35W corridor, which has seen an explosion of growth due to its key position as the most important north-west thoroughfare in the trade area.  More than 127,000 vehicles view The Presidio site every day, and that number will continue to grow due to the increasing strength of the Alliance airport, office and industrial complex and the large number of active residential developments in the I-35W corridor," said Brian Glaser, president of the D/FW Commercial Retail Division of the Weitzman Group.  Added Weitzman's Marc Marrocco, "The Presidio trade area currently reports a population of nearly 230,000 people with an average household income that exceeds $82,000.  The Presidio is both accessible and visible to the trade area, offering access from three major thoroughfares:  I-35W, SH-287 and North Tarrant Parkway." “Gables is very pleased to have been chosen to partner with LNR on this exciting project.  The carefully designed floor plans and fantastic amenity areas will produce a unique and total living experience for residents.  With our expertise in luxury multi-family lease up communities and our branded customer service, Gables will be a positive force in the short and long term success of the residential segment of Presidio Junction.  We look forward to being part of this wonderful mixed use community, ” Sue Ansel, Chief Operating Officer of Gables Residential. Stream Realty Partners, L.P. is listing the multi-family, office, office build-to-suit, and medical tracts for Presidio Junction.  Kyle Jacobs, Senior Vice President for Stream Realty, and Russ Webb, Vice President for Stream Realty, will handle leasing and sale of the lots. A focus for Stream Realty will be selling land to medical office developers and finding build to suit office tenants.  The location is ideal for medical office development based on its location adjacent to I-35W and Hwy 287, and being adjacent to the future HCA hospital.  LNR is also looking to capitalize on its office development experience to land a build-to-suit office deal within the development. Russ Webb with Stream Realty Partners, L.P. said “With the future development of the HCA Hospital to the east of Presidio Junction and Texas Health Resources recently purchasing the 47-acre tract to the west of Loop 820 makes the Presidio Junction site a key medical development for medical groups, outpatient centers, physical therapy groups, and rehab groups.  This development is also a plus for large call center prospects and large office users looking to be in the North Fort Worth corridor.  Sites are fully developed and ready for immediate build-to-suit prospects.  We also feel that the two multi-family tracts are in a growing portion of Fort Worth and North Tarrant County. ”