Monthly Archives: January 2015

The Shops at La Palmera is cutting water consumption

New cistern collects rainwater at The Shops at La Palmera                                                                                                                       By Kirsten Schaffer, Posted January 27, 2015

If you’ve been by The Shops at La Palmera recently, you may have noticed what looks like a grain silo, between TJ Maxx and Big Lots.

It’s actually a 5,300-gallon cistern.

The cistern, or water tank, collects rainwater for landscape irrigation, which will allow The Shops to offset its use of municipal water.

A full cistern provides one week’s worth of watering.

In a statement, Fred Walters, the general manager of La Palmera and The Shops at La Palmera said, “It only makes sense to utilize this type of technology, which is really just a new spin on the old fashioned rain barrel. It allows us to collect what would otherwise be runoff and put it to good use. As far as we know, this is the first commercial cistern system in the Coastal Bend region.”

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Cistern at SLP

Terry Montesi to be inducted into CRE Hall of Fame

“NTCAR Set to Honor Two in May“|Anna Caplan,

{1/29/2015} The North Texas Commercial Association of Realtors is set to honor two local leaders – Robert Shaw of Columbus Realty and Terry Montesi of Trademark Property Co. – as inductees into the 2015 Commercial Real Estate Hall of Fame.terry2

The NTCAR event will be held on Tuesday, May 5, at the Dallas Country Club.

Shaw, managing partner of Columbus Realty Partners Ltd., turned to real estate a few years after suffering a knee injury and retiring from the NFL. In 1987, he created his first company to pursue the creation of walkable urban neighborhoods. In 1993, he took his company public as Columbus Realty Trust.

“Robert Shaw took an unfamiliar concept, boldly pushed it forward despite many doubters, and formidably raised the bar with his dream of creating beautiful neighborhoods close to the city center,” says Roger Staubach, executive chairman of JLL Americas. “The cities of Dallas, Austin, Phoenix and Denver have all benefited greatly from his leadership.”

In 1997, he merged CLB with Post Properties, and in 1999 resumed operations as a private company to continue his life’s work. Since that time he has been involved in the development of over 15,000 apartments, condominiums and townhomes along with neighborhood-based retail space.

Montesi, who founded his Fort Worth-based company two decades ago and now serves as CEO, has overseen the development or investment in over $2 billion and 11.4 million square feet of retail and mixed-use properties across the country. Since his first retail project in 1991 redeveloping Preston Oaks shopping center in Dallas, Trademark has enjoyed numerous milestones, including being tapped to redevelop Dallas’ Victory Park into a walkable urban dining, entertainment and shopping district.

Montesi’s major projects include Waterside, the acquisition of 63 acres along the Trinity River in Fort Worth that will be home to a new, mixed-use development and Trademark’s first “Conscious Place” that will include anchor-tenant Whole Foods Market, retail, restaurants and 375 high-end, multifamily rental homes built by Transwestern Development Co. Waterside also will include 200,000 square feet of retail space and riverside restaurants, 20 acres of residential, 200,000 square feet of office space, and a signature hotel. Other North Texas developments credited to Trademark include Alliance Town Center, Watters Creek at Montgomery Farm and WestBend.

“Terry Montesi is truly deserving of this award for the significant imprint he’s made not only in North Texas but throughout the country,” says Kathy Permenter, chair of the 2015 Reunion and Hall of Fame event. “He is a bold visionary leader, and he inspires all who work and partner with him.”

Also slated to receive an honor at the event is Neal Sleeper of City Place Co., who will receive the Michael McAuley Lifetime Achievement Award.


Napa Center Comes “Alive”

With the Archer Hotel entering the early stages of construction Napa Center is beginning to take shape. In wake of these developments, the JV partnership between Zapolski RE & Trademark Property Co. has recently released an animated video giving Napa residents and other interested parties a simulated stroll into the center that will change the way 1st Street looks and feels. The video promotes the center’s open-air ambiance and walkability which will transform downtown Napa.


Victory Park Featured in D Mag. “Six Things to Watch in 2015”

D Real Estate Daily header

D real estate header

1. The 121 Corridor—The 1.9 million-square-foot Nebraska Furniture Mart, set to open in March 2015, is expected to draw as many as 10 million annual visitors. The massive project and the mixed-use complex that surrounds it—not to mention the development of nearby Legacy West—will transform that stretch of the Sam Rayburn Tollway.

2. More Corporate Relocations—Toyota isn’t coming solo. Suppliers and vendors are certain to tag along, too, and a number of other big-name companies are taking a hard look at Dallas. JLL is running with one that sources say is considering Trammell Crow’s new development off Woodall Rodgers Freeway in Uptown, along with two suburban locations.

Rendering of the reimagined Victory Park.
Rendering of the reimagined Victory Park.

3. Victory Park—The time has finally come for this mixed-use development surrounding American Airlines Center. Its owner, Estein & Associates, has tapped Trademark Property Co. to reinvent the project and help it become what it was always intended to be: a premier walkable urban dining, entertainment, and shopping district.

4. Love Field and DFW International Airports—The end of the Wright Amendment and Virgin’s move to Love Field opens up a whole new world for executive travelers in Uptown and downtown Dallas. Brokers say companies are already beginning to consider bargain space along Stemmons Freeway. At the same time, DART’s expansion to Dallas-Fort Worth International provides direct (and inexpensive) access for both inbound and outbound urban travelers.

5. Interstate 345—This aging, 1.4-mile elevated highway, which connects Central Expressway to interstates 45 and 30, divides downtown and Deep Ellum, creating blight on both sides. Much like Klyde Warren Park has linked Uptown and downtown Dallas, the teardown of I-345 could spark $4 billion in new investment and more than $100 million in property tax revenue over 15 years.

6. Dallas Midtown—What’s not to love about Scott Beck’s ambitious $3.5 billion plans for Valley View mall? Expected to kick off in 2015, the venture ultimately will ultimately add millions of square feet of retail, residential, hotel, and office space to the 430-acre district bounded by Interstate 635, Preston Road, Alpha Road, and the Dallas North Tollway. Beck has a number of things going for him: smarts, capital, patience, and experience. (His family developed Trophy Club.) I, for one, hope he doesn’t give up on plans for the Midtown gondolas.

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