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Construction Set To Begin On Mark Cuban's Wonderview Project
Published May 26, 2010
|Cuban's 175-Acre Wonderview Development
Will Cost Between An Estimated $600M-1B
Hill & Wilkinson Senior VP Jeff Sanders said that construction on the first phase of Mavericks Owner Mark Cuban's Wonderview development in Dallas is "slated to begin June 1," according to Bill Hethcock in a front-page piece for the DALLAS BUSINESS JOURNAL. The project, offering a 175-acre "mix of sports facilities, corporate offices, residential and retail space," will cost between an estimated $600M-1B and "be developed during the next decade." Wonderview also includes plans for a 300,000-500,000-square-foot office component, "anchored by a 180,000-square-foot headquarters for Mark Cuban Cos." The development will "house practice facilities" for the Mavericks, in addition to "condominiums and apartments, medical facilities, a senior care center, movie production facilities and 18 acres of walking trails and other green spaces." Mark Cuban Cos. Dir of Real Estate Services Joe Cavagnaro said that Cuban "doesn't plan to use third-party financing for the project." He added that building the development "in Dallas' southern sector makes sense because Cuban already sponsors the Mark Cuban Heroes Basketball Center just west of the Wonderview site." David Craig, who developed Dallas-area sports and recreation complex Craig Ranch, said that Cuban's "biggest challenge" with Wonderview "will be managing the expectations from the city and the neighborhoods surrounding Wonderview's site" (DALLAS BUSINESS JOURNAL, 5/21 issue).