http://raceforthecure-pdx.org/news/notecardsbymer.asp
Japanese conglomerate is in line tobe Caldwell’s financial partnere in acquiring the 11,400-acre property consisting mostly of vacanft land. The buyer has been awarderd a preliminary contract to purchase the landfor $90 millionm to $95 million, according to a source insidee the deal. Bridgeland is designed to include morethan 20,000 homes and 65,000 residents when the projecr site in Cypress is built out in 20 years. Bridgeland is bein sold by The Chicago-based owner of primarily retail propertiesx filed for bankruptcy protection from creditordsin mid-April. Bridgeland is not included in thebankruptcy proceeding.
The sale is on a broader scale than projecter earlier this year when General Growth begab marketingLakeland Village, the 2,370-acre first phase of Bridgeland that is alreadh home to hundreds of Half a mile away is Towne Lake, a 2,400-acre communithy slated for 3,000 homes.
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