Mixed-use project planned in Colleyville

Steve Brown writes:

Realty Capital Corp. said Monday that it will start work next summer on the two-building, $10 million project.

The development is planned as a new "front door" to the Village at Colleyville complex on State Highway 26.

Realty Capital said it has acquired several properties fronting along the highway, which will be cleared for the planned construction.

"After years of negotiations with the sellers, we were thrilled that we finally had the opportunity to purchase these three properties," Jimmy Archie, chief operating officer at Realty Capital, said in a statement. "This project will bring The Village at Colleyville out to Highway 26 and it will serve as a landmark for the entire development."

The developer plans to build two Spanish-Mediterranean style buildings on the property. A three-story building will contain retail, restaurant and office space on the ground floor with 30 condominiums above that. The condos will sell for about $250,000.