Sunday, June 3, 2012

'Fountains' Images Show Possible Design Aesthetics


New color and material schematics of the upcoming Fountains at Farah development are shedding light on the possible design scheme of the shopping center's buildings and include conceptual store and restaurant signs that do not necessarily reflect tenants that will actually occupy the spaces.

Due to pending lease stipulations, some of the new names El Pasoans may be introduced to when the center opens in fall of 2013 will not be officially revealed for a few more months. In addition, tenants that appear in the images and elevations may simply be included for illustrative purposes and may not actually have signed leases with the developer.

It is uncertain what percentage of retailers will be new to El Paso and which ones will be relocations or new sites. The incentives agreement that the retailer has with the city states that any anchor tenant relocation will result in a penalty on the incentive, and is based on a relocation from any large shopping center (500K+ sf) in a pre-determined area in east El Paso and the lower valley. Additional locations will not be considered penalties unless the original east side locations close within ten years from the agreement's start in 2008. The penalty may also be avoided if the space that was formally occupied by the anchor tenant becomes 90% occupied.

The schematic designs are from January of 2012 and may be subject to change. The center's highlight is a long pedestrian promenade, with large anchor tenants located behind double decker parking structure. Fifty to 60% of the project's available space has been leased, according to previous statements by the developer. Major construction has already begun on the 55 acre site, led by EMJ Construction of Dallas.

Previously:
'Fountains' Construction Start, Opening Dates Revealed
Fountains at Farah Design Changes Submitted


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