Heacock also points out that tenants and landlords that hunker in to weather the storm will likely reap the benefits once the project is completed in 2008 or 2009. Indeed, property values along I-10 don't seem to be adversely affected by the pending project. Bill McDade, a principal in McDade Smith, says most retailers believe they must have a presence along the busy freeway if they are to be considered a major player in Houston. You announce the shutdown of a freeway and there's a flurry of activity to get a position there. The pending construction hasn't done anything to negatively affect property values.
Retailers understand that they have to be there in the long run.