LITTLE ELM, Texas--(BUSINESS WIRE)--Nov 20, 2024--
Davidson Bogel Real Estate (“DB2RE”) announced a nearly 225,000 square-foot Target-Anchored shopping center will be coming to the north side of Little Elm, Texas along US HWY 380. Dallas based, Weber & Company purchased the property on November 14th. David Davidson, Jr. and Edward Bogel with DB2RE represented the family who has owned the property for 157 years.
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The future retail development is located at the intersection of US HWY 380 & Ryan Spiritas Parkway. Weber & Company will tribute the family’s history in North Texas by naming the shopping center, Bates Towne Crossing, in their honor. The Reverend William Edmunds Bates acquired the property in 1867. Reverend Bates founded numerous Methodist churches including Oak Grove Church on FM 720 which is located west of the Future Target. Bates Towne Crossing will provide for nearly 225,000 square-feet of retail, and be home to a Target store.
Target plans to open within the center in the Summer of 2026. Weber & Co. has been developing in North Texas for over 50 years, including numerous anchored shopping centers with users such as Target, Lowe's, Walmart, Kroger, and Home Depot.
DB2RE will continue to be involved in the project with Ryan Turner and Jonathan Cooper leading the leasing of the Shopping Center.
This is the second grocery anchored development announced at the intersection this year. Earlier this year, GBT announced their plans to develop a Sprouts-Anchored shopping center on the northeast corner.
HEB owns the land directly west of the future Target but has not released timing for developing the land.
For more information about this transaction or to inquire about available space in Bates Towne Crossing, please contact:
info@db2re.com
db2re.com
About DB2RE
Davidson Bogel Real Estate (DB2RE) is a boutique land investment advisory group and brokerage firm headquartered in the Dallas-Fort Worth Metroplex. Founded by David Davidson, Jr., and Edward Bogel in 2015, the base principal of the company is exceptional client service, with investment and development of land throughout Texas and Oklahoma as the focus. DB2RE concentrates on land acquisitions, dispositions, and investment sales for families, trusts, and developers of retail, multi-family, industrial/mixed-use, and single-family communities.
About Weber & Company
Led by NTCAR Hall of Fame inductee John Weber, Weber & Co. has developed over 35 shopping centers totaling more than 11 million square feet of retail space in Texas. The company's centers have attracted major retail tenants such as Home Depot, Kroger, Lowe's, Target and Albertsons among many others.
Target-Anchored Shopping Center Planned for US HWY 380 in Little Elm, Texas (Photo: Business Wire)
BALTIMORE (AP) — Federal prosecutors announced charges Tuesday in the 2024 collapse of Baltimore’s Francis Scott Key Bridge, accusing the Singapore-based operator of a ship and a key employee of making critical decisions that led to the disaster and the deaths of six people.
The indictment names Synergy Marine Pte Ltd., based in Singapore, and Synergy Maritime Pte Ltd., based in Chennai, India. Radhakrishnan Karthik Nair, 47, an Indian national who was technical superintendent for the Dali container ship, was also charged.
The Dali crashed into the Francis Scott Key Bridge on March 26, 2024, killing six construction workers who had been filling potholes.
“The collapse of the Francis Scott Key Bridge was a preventable tragedy of enormous consequence,” said Acting Attorney General Todd Blanche.
The companies and Nair are charged with conspiracy, willfully failing to immediately inform the U.S. Coast Guard of a known hazardous condition, obstruction of an agency proceeding and false statements.
An FBI investigation into the crash focused on the vessel’s operations and whether the crew knew of critical systems issues before leaving port.
The National Transportation Safety Board found last year that two electrical blackouts — one caused by a loose wire aboard the Dali and another by problems with a fuel pump — disabled the controls of the huge cargo ship before it crashed into the bridge.
The Dali was leaving Baltimore bound for Sri Lanka when its steering failed because of the power loss. The ship crashed into a supporting column of the bridge at about 1:30 a.m.
Maryland officials estimate it could cost between $4.3 billion and $5.2 billion to replace the bridge, which is expected to be open to traffic in late 2030.
But the true cost of the collapse was far greater, according to the Maryland Attorney General’s Office. It halted shipping at the Port of Baltimore, disrupted the livelihoods of thousands, rerouted road traffic through communities already bearing disproportionate burdens and triggered economic problems statewide.
The indictment comes on the heels of a settlement in principle between the State of Maryland, Synergy Marine and Grace Ocean Private Limited, the Singapore-based ship owner, Attorney General Anthony Brown announced in April.
That lawsuit alleged the crash was the result of negligence, mismanagement and the reckless operation of a vessel that was not seaworthy and should never have left port. Plaintiffs include the families of the six construction workers who died, owners of cargo that was on the ship and local governments seeking damages for economic losses. The details of the settlement haven’t been disclosed and some portions of the lawsuit remain unresolved.
The state sought damages on behalf of its agencies for the destruction of the bridge, harm to the Patapsco River and surrounding environment, lost revenues and economic losses to Maryland and its residents.
The settlement does not resolve any claims the state has against the shipbuilder, Hyundai, the attorney general’s office said in April.
The bridge, a longstanding Baltimore landmark, was a vital piece of transportation infrastructure that allowed drivers to easily bypass downtown. The original 1.6-mile (2.6-kilometer) steel span took five years to build and opened to traffic in 1977.
White reported from Detroit.
FILE - The cargo ship Dali is stuck under part of the Francis Scott Key Bridge after the ship hit the bridge, March 26, 2024, as seen from Pasadena, Md. (AP Photo/Mark Schiefelbein, File)
