An iconic shell of a former factory emblematic of the towns founding, is moving closer to being converted into a mixed-use commercial real estate project.

The overall plan is to include retail, restaurants, entertainment, offices, apartments and possibly a hotel. The first phase includes the redevelopment of the most iconic building on the site, the former Char House, which still prominently displays the Imperial Sugar name on top.

The Houston Business Journal reports that, while the city of Sugar Land approved a general development plan in March, the developer of the project, Puma Development is still in the process of preparing final development plans for each phase of the project. Once the city has approved those, it plans to enter into a development agreement with Puma Development, which could happen this fall.

A Houston-based Colliers team will start marketing the project once it receives renderings, expected in mid-summer.

The project could take six to 10 years to complete.