Maybe you heard already but there was a town hall public meeting/hearing this last week at the Audelia Library. The Lake Highlands Town Center developer Prescott Realty indicated that they would start the first 200 upscale apartments.  Also, if the city council votes to apply for a federal loan and it is approved (which they are positive that it will be), the first 165,000 square feet of retail / restaurants (including the grocer anchor) will begin.  No names of the businesses going in there were mentioned at this time.  I don’t think that they can mention their names at this time even if there are any.  However, and I could be wrong, but I got the impression that this could be most similar to “The Shops at Legacy” in Plano.

There was also mention of plans to extend a hike and bike trail from the Town Center to the Katy Trail and on to the American Airlines Center where it would end.

What I am hearing is that all of this could start soon (this year) and be completed in late 2013 or early 2014. This is the first time I have actually seen or heard of any kind of a “start or completion date.”

The down economy of the recent few years has reached havoc on the Town Center.  This is one of the first signs that I have seen that this WILL actually happen!  This is BIG for LH and will tend to have a “domino” effect.

I am getting more and more signs recently that things are starting to pick up and look more positive here in LH. The flip side is I don’t think that construction costs and interest rates can continue to hold their own for ever, and if the economy continues it’s steam into 2012 and on, I see these going up.  I think this is a great time to buy and build a new home, or even stay put and fix up/re-model your current home if you choose to do that.