The opening of the BriHi Square development is tentatively set for March 17.
The city is a partner in the BriHi Square development -- located on the northwest corner of Bridge and High streets in Historic Dublin -- with the Stonehenge Co. and its president, Mo Dioun. He updated council this week on the multimillion-dollar project.
"This is beyond brick and mortar," Dioun told council. "This is beyond the $5-million investment. ... This is much greater than just a piece of real estate."
The project, initially scheduled for completion this fall, has encountered a few problems.
"We are not on schedule," Dioun said, citing utility burials and changes to the project as the reasons for the delay. "March 17 is our target date for the grand opening. It's aggressive, but I think we can do it."
Dioun said utility burials were 90 to 95 percent complete. The water features of the development are 40 percent complete and work on the public plaza recently began, Dioun said.
Despite the economy, Dioun told council members that marketing for the development has gone well so far.
"We're not at the best economic times in the country," he said. "I believe we have succeeded well so far."
According to Dioun, the 22,000-square-foot development, which will include retail, offices and restaurants, is in demand.
"We have leased or (have) letters of intent on 70 percent (of the space)," he said. "Sixty percent is leased and 10 percent is letter of intent."
Council member John Reiner asked Dioun about tenants, but the developer said he could not provide names.
"I can only share with you that (the restaurants) will be high quality," Dioun said, adding that one restaurant will be formal and the other will be casual.
"One will have outdoor seating on the second floor," he said. "We think it will be well-received."
Mayor Marilee Chinnici-Zuercher said she was pleased to hear that BriHi Square will be open as soon as March 17.
Dioun said the project is a priority and if some tenants aren't ready to open on March 17, he will make sure there are things to do for the grand opening.
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