Proposed office project's boss quits

May 27, 1992|By Timothy J. Mullaney | Timothy J. Mullaney,Staff Writer

The local manager of the proposed 45-story One Light Street office project has accepted a new job in Houston, but his move is not expected to affect the $180 million development, which was already on hold because of the weak commercial real estate market.

Dirk Mosis has decided to return to Trammell Crow Co., a Dallas-based developer he left last year, according to Amer Hammour, executive vice president of Capital Guidance Corp., which represents investors in the One Light Street project.

Mr. Mosis worked in Trammell Crow's Baltimore office until November, when Crow withdrew from One Light Street's development team.

Mr. Hammour said Mr. Mosis would remain involved in the Baltimore deal and refused to rule out the possibility that Mr. Mosis might return to Baltimore when the office market improves enough to allow the project to move forward.

"We knew even when Dirk left Trammell Crow the first time that this [new job] was one of the alternatives he was looking at," Mr. Hammour said. "But he told us he would continue his stewardship of the project as a consultant. . . .

"Only if he gets so busy that he cannot would we consider" finding someone else to oversee One Light Street, Mr. Hammour said. "Given the level of activity on this project at this time, there's very little to be done."

Mr. Hammour emphasized that Mr. Mosis' decision does not mean that the already-deferred project is going to be canceled. Mr. Mosis could not be reached for comment.

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