But I will say in the last call it even 60 days late last year rolling into this year activity prospect as we’ve topped off the building. You can now see the shell of the retail that we’re adding as an amenity come together that our activity has picked up pretty good. So we’re encouraged by that. The third one that delivers this year is the Granite Park VI. That’s as a reminder in the Plano, Frisco submarket 50-50 joint venture with Granite Properties a local sharpshooter that we’re thrilled to be partners with that delivers in the fourth quarter so sort of towards the end of the year 12% pre-leased. And that one has been interesting in that, I’d say, mid last year the activity was just off the charts. A lot of larger users we are chasing, and we’re moving down making progress with or some sort of progress.
And all of a sudden late last year or the third quarter the big users like we’ve all heard they sort of just press the pause button. So there’s still smaller activity. But again, incredibly well-located building and we’re encouraged by again by the looks how the building is coming together. And then the other two are 23Springs also with Granite that doesn’t get completed until first quarter 2025 stabilizes in 2028. And activity has been very, very strong there even though the delivery is a couple of years out. So we feel great about that. And then the fifth one just Midtown East, obviously, we’re just — we put the silt fence around it and we’ll be breaking ground in the next week or two with that one doesn’t deliver until 2025. And we’ve actually had — since we’ve had the fence go up we’ve had some inquiries on that, which I didn’t really expect.
Tampa is really not a pre-lease market. So we’ll see those are very early and haven’t even responded to some of the RFPs, but we’re getting some activity there. So, again, we feel good. We got a couple of years until we get that one done. Did that answer your question?
Dylan Burzinski : Yes. That was perfect. I appreciate the color on that. And then I guess just you mentioned Granite Park just a follow-up on Granite Park VI. Have you guys underwritten or underwriting expectations changed given sort of the drop-off in leasing activity, or just kind of how should we be thinking about that?
Ted Klinck: Not at all. Not at all. I think we feel very good about the underwriting. Again, we don’t stabilize that until I think first quarter 2026. So again, we’ve got plenty of time. There’s no rush here. We didn’t have a lot of pre-leasing coming in before the building was done. So we think we are pretty conservative. The proposals we’re putting out are well in line with our underwriting. So no we still feel very good about it.
Dylan Burzinski : Thanks.
Ted Klinck: Thank you.
Operator: Next question from the line of Peter Abramowitz with Jefferies. Please go ahead.
Peter Abramowitz: Yes. Thank you. I just want to ask what’s kind of built into your guidance in terms of the mark-to-market that you’re expecting for the year?
