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<br />Business Development News e <br /> <br />e <br /> <br />Page 2 of 5 <br /> <br />. <br /> <br />120,000 sf office building is under construction at the same site and will be leased out. Expected <br />completion for the tower is April, 2004 and the service center, September, 2004. <br /> <br />· Triumph Hospital Medical Center will build a 92,000 sf building (100 private and 14 ICU beds) <br />across from Clear Lake Regional Medical Center in Webster. Completion scheduled for January, <br />2005; this will create approximately 300+ jobs. <br /> <br />· Taking advantage of the Municipal Grant Program, Easthaven, Inc., a masonry construction <br />company, is relocating from the Hobby airport area and will build on Mandale St. in Friendswood __ <br />22,000 sf. <br /> <br />. Soon under construction: <br />· In Friendswood, an 8,500 sf office building on FM 2351 and Friends Knoll. <br />· In League City, Marina Bay Village Business Center, an 11,000 sf professional office <br />building on FM 2094 /Twin Oaks Blvd. near South Shore Harbour. <br /> <br />· A developer has plans for two office buildings in Friendswood at FM 528 and Friendswood Lakes <br />Boulevard (continuation of Brittany Bay that will connect to Pearland Parkway): a 5-story 60,000 sf <br />building, and a 2-story 24,000 sf building overlooking Stoney Lake North. Other pad sites and lease <br />spaces are available for office and retail use. <br /> <br />Did you know Friendswood's size is about 21 square miles and is approximately 67'0 built-out? <br /> <br />. <br /> <br />· Big League Dreams, a 40-acre, $13 million sports complex at 1-45 and Calder Road, will be built by <br />The Linbeck Group. Construction will be started soon and completion is expected in 2005. Replicas <br />of six stadiums include Boston's Fenway Park, New York's Yankee Stadium, Detroit's Tiger <br />Stadium, Chicago's Wrigley Field, Brooklyn's Ebbets Field and St. Louis' Sportsman's Park. Also <br />planned are 2 multi-sport pavilions, 4 volleyball courts and parking for 450 cars. The complex should <br />attract hotels and restaurants to the city. The idea to build the facility came from League City's <br />desire to attract national adult baseball and softball tournaments. <br /> <br />· Plans for an all-suite 68-room La Quinta have been announced. It will be built on N. Texas Avenue <br />in Webster and include a climate-controlled indoor pool. <br /> <br />. Office Leases: <br />· 01 Central Corporation, a data storage and monitoring firm, has leased 4,000+ sf in Camino <br />Center II in Bay Area Houston. The steady-growing company was founded in 2000. <br />· Barrios Te'chnology has leased an additional 4000+ sf in One Corporate Plaza. The <br />expansion includes 60 new employees. <br />· ARES Corporation, a full service engineering firm specializing in risk engineering and <br />integrated management, has leased 16,000 sf at Armand Plaza, 16441 Space Center Blvd. <br />An additional 1 00 employees have been hired. <br /> <br />Coming soon: <br />Friendswood - ~Q.\Jtl1""-~l!.t Bank olLE1l<a.s-=..FM 528 and FM 518 <br />Kemah - QgY_l!.Jnn - Hwy. 146 <br /> <br />What's New? <br />Pasadena - B.ep'J,lbJj~N!ilJional B_ao.~ - Fairmont Parkway at Burke <br /> <br />Retail Development <br /> <br />. <br /> <br />· Redevelopment scheduled for 288,000 sf at Baybrook Square (1-45 and Bay Area Blvd.). Tenants <br />include Marshall's Megastore, Cost Plus World Market, Pier 1 and DSW. <br /> <br />· It's reported that the new Super Wal-Mart in Pasadena, to be built on Kmart's former site, will be the <br /> <br />1/28/2004 <br />