Monthly Archives: July 2015

Burr Ridge plans more welcoming Village Center

Chicago Tribune
Written by: Kevin Beese

More than 2,400 square feet of green space, a fire pit and a permanent band shell are all planned improvements to the common area at Burr Ridge’s Village Center.

The revamp, which will pour an estimated $2 million into the shopping and condominium complex, will include eliminating the traffic circle at the north end of the plaza. The first phase of work is to be completed by mid-November, before the holiday-shopping season begins. Additional green space work will be completed in the spring.

Village Board members Monday gave the proposed renovations unanimous support by approving sought-after changes to the ordinance governing the planned unit development.

“I look forward to the changes,” said Trustee Tony Schiappa. “I hope the changes bring more people and more retail businesses, and make the Village Center a more vibrant place.”

Representatives of Trademark Properties, the firm leading the Village Center revamp, contend that by making more of a welcoming environment on the village green, people are more likely to stay longer in the plaza, make purchases and visit the plaza more frequently. It is also hoped to boost retail tenants on the north side of the retail strip.

Weston Graves of Trademark said there are still “several moving pieces” to the plan, including where to relocate the burr oak statue near the traffic circle. One possibility is locating the statue at one of the center’s entrances.

“With these changes we feel people will spend more time in the center, be there longer,” Graves said. “The thought is if they are there longer, they will do shopping.”

The plan is for the band shell and fire pit to anchor opposite ends of the village green, which will increase in size from 6,459 square feet to 8,858 square feet. Plantings in the village green area will almost double, going from 4,226 square feet to 7,923 square feet.

Bob Grela, a member of the village’s Plan Commission, which unanimously approved the project after Trademark agreed to lessen proposed signs, as big as 28 feet in some cases, to 12 feet, noted the plan has Village Center residents’ support. He said the Village Center condominium association president on three different occasions recommended Plan Commission approval of the project.

“Let’s hope this plan B will be functional for the plaza and not require plans C, D or anything else,” Grela said. “I hope this is the restart that the Village Center needs.”

Trademark officials note that the Burr Ridge Village Center was derailed due to the economic downturn.

“Space wasn’t leased, customers weren’t attracted and as a result the sales volume of retailers in the center is below average,” the company’s plan for Village Center improvements states.

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Saddle Creek announces new tenant, phase two of redevelopment starts

Memphis Business Journal
Written By: Meagan Nichols

Saddle Creek is turning its attention to the north side of the shops as it commences phase two of its massive remodel in Germantown.

Phase two together with phase one will add 25,000 square feet of new space.

Phase one adds 20,000 square feet of space in the southwest portion of the property near Poplar Avenue and West Street. It is scheduled to be finished in August.

Besides expanding the retail footprint even more, phase two will increase parking in Saddle Creek North and should be done in winter 2015.

A new tenant was also announced. Soft Surroundings, a St. Louis-based clothing retailer, will occupy a 4,000-square-foot store in Saddle Creek North and open fall 2015.

Kendra Scott, a jewelry and accessory store, and Stoney River Steakhouse and Grill will debut sometime in the fall or winter of 2015. Michael Kors is now open next to Talbots in Saddle Creek South.

“The redevelopment efforts offer the additional space and upgraded amenities necessary for the center to remain the dominant lifestyle destination for tenants and customers alike,” said Terry Montesi, CEO of Trademark Property Co., in a release. “We’re focusing our leasing efforts on filling the added 25,000 square feet of space with key tenants – like Stoney River, Soft Surroundings, Michael Kors, Kendra Scott, and others – who fit the distinct, upscale mix at Saddle Creek.”

Texas-based Trademark Property Co. operates Saddle Creek, which originally opened in 1987.

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Trademark completes new Fort Worth office building near Trinity River

WBOffice
Dallas Business Journal
Written By: Candace Carlisle

Fort Worth-based Trademark Property Co., a real estate investment and development firm, has finished building a three-story, 57,000-square-foot Class A office building near the Trinity River.

The building, called WestBend 2, at 1701 River Run Road will be part of Trademark’s 278,000-square-foot WestBend mixed-use development in the University District of Fort Worth.

The walkability of the mixed-used development will give office tenants an attractive amenity, said CEO Terry Montesi.

“Today’s workforce expects experiential components, and this property provides just that,” he said in a statement.WBOffice2

WestBend includes a recently opened Fresh Market, as well as other retail shops and restaurants, such as Zoe’s Kitchen, East Hampton Sandwich Co., HG Sply Co., Grimaldi’s Pizzeria and Silver Fox.

The new building has already leased 15,000 square feet of office space to Regus, which is outfitting the space for smaller office tenants looking for full service workspaces.

The retailers and restaurants are to begin opening this fall.

WBOffice3

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Trademark Property Co. Completes WestBend 2 Office Building

Media Contact:
Maggie Turner: mturner@sunwestpr.com; 214.373.1601

Trademark Property Co. COMPLETES WESTBEND 2 OFFICE building

Class-A, amenity-rich building offers prime location, walkability, and Trinity River views

FORT WORTH, Texas (July 22, 2015) – Trademark Property Co. has completed a 57,000-square-foot Class-A office building, named WestBend 2, at its WestBend mixed-use development in Fort Worth. Located in the heart of the booming University District, the three-story building includes state-of-the art amenities, proximity to popular shops, restaurants, the Trinity River and the Trinity Trail.

“WestBend 2 is ideally located in one of the most desirable areas in Fort Worth and offers tenants walkability to an unparalleled amenity base in one of the hottest areas in the city,” said Terry Montesi, CEO of Trademark Property Co. “Today’s workforce expects experiential components, and this property provides just that. Combined with some of the best views in Fort Worth, this building is truly one of a kind.”

Located at 1701 River Run Road, the three-story building is situated on top of the newly opened The Fresh Market gourmet grocer and surrounded by the ever-growing list of retailers and restaurants opening at WestBend. The adjacent Trinity Trails provides tenants immediate access to walk or bike, and allows for sweeping Trinity River views from all floors. The building’s prime location also offers walkability to the shops and restaurants at University Park Village as well as immediate access to I-30. Additional amenities include outdoor seating and meeting space, bicycle storage, onsite locker rooms with showers, and garage parking, separate from retail parking.

Regus, the world’s largest provider of flexible workspace, will outfit 15,000 square feet at WestBend offering convenient, high quality, fully-serviced workspaces.

The new office building is part of the redevelopment efforts currently underway at WestBend, which upon completion in fall 2015, will include 278,000 square feet of retail, dining and office space. Current WestBend tenants include The Fresh Market, Zoë’s Kitchen, East Hampton Sandwich Co., and Silver Fox. In addition, Pax & Parker and Woodhouse Day Spa will open fall 2015, HG Sply Co. will open late 2015, and Grimaldi’s Coal-Brick Oven Pizzeria and Tyler’s are expected to open in early 2016.

For the latest updates on openings, please visit westbendfw.com or follow WestBend on Facebook, Twitter and Instagram.

About WestBend

WestBend is located on the Trinity River in Fort Worth’s University District, one of Dallas-Fort Worth’s strongest infill retail corridors. WestBend is undergoing a major redevelopment adding new retail, restaurants and a new 81,150-square-foot building that includes The Fresh Market on the ground floor and 57,000 square feet of new Class A office space directly above. Current tenants include The Fresh Market, Zoes Kitchen, East Hampton Sandwich Co., Silver Fox and the River Plaza office tenants. Upon completion in fall 2015, WestBend will include 278,000 square feet of retail, dining and office space.

Trademark Property Co. Begins Second Phase of Redevelopment at Saddle Creek

GERMANTOWN, Tenn. (July 21, 2015) – Trademark Property Co. has broken ground on the second phase of redevelopment at Saddle Creek focusing on enhancements to the North side of the property. Combined with the initial phase, which is nearing completion, the redevelopment efforts will add approximately 25,000 square feet of new retail space to the property.

In addition, the property announced that Soft Surroundings, a leading multi-channel retailer committed to providing stylish, casual clothing with a comfort fit, the latest in beauty and skincare, jewelry and accessories, and home furnishings to women of all ages, will open a 4,000-square-foot store this fall at Saddle Creek North.

In June, Kendra Scott announced that it will open its first Memphis-area store at Saddle Creek in fall 2015. In addition, Michael Kors recently opened at Saddle Creek South, adjacent to Talbot’s.

“There is no other retail property in the Memphis area like Saddle Creek, and to remain an iconic property it’s important to evolve. The redevelopment efforts offer the additional space and upgraded amenities necessary for the shopping center to remain the dominant lifestyle destination for tenants and customers alike,” said Terry Montesi, CEO of Trademark Property Co. “We’re focusing our leasing efforts on filling the added 25,000 square feet of space with key tenants – like Soft Surroundings, Michael Kors, Kendra Scott, and others – who fit the distinct, upscale mix at Saddle Creek.”

The second phase of renovations will include approximately 5,000 square feet of new retail space and additional parking at Saddle Creek North. The new building, along with new signage, wayfinding, and landscaping, public space transformation, and façade renovations, will connect the northeast corner to Saddle Creek South. Completion is slated for winter 2015.

Phase I redevelopment efforts for Saddle Creek have centered on the property renovation and expansion on the southwest side of Poplar Avenue and West Street where a two-story building was demolished to make way for 20,000 square feet of new retail and restaurant space. Additional improvements include remodeled building façades at Saddle Creek South and West; upgrades to plazas, public art, lighting, signage, wayfinding and landscaping. Finishing touches are currently underway, with completion of phase I slated for August 2015.

Saddle Creek’s redevelopment is designed to align with the principles of Trademark’s Conscious Place initiative, a stakeholder-driven development model that aims to ensure that its properties are more than just places of commerce, but also places of community and meaning. In support of this initiative, Saddle Creek will install a number of features and amenities over the next year designed to educate, inspire and engage all patrons.  Planned Conscious Place enhancements include bike racks, improved streetscapes and landscape, outdoor seating areas and more.

New retail building on First Street in Napa gets go-ahead

Napa Valley Register
Written By: Howard Yune

As the revamp of the downtown Napa Center continues, its owner is poised to give the dormant shopping plaza a fresh look up front.

The developer Todd Zapolski’s plan to put up a contemporary, greenery-decked trio of storefronts at 1300 First St. gained the Planning Commission’s unanimous support Thursday evening. The 4-0 vote…

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Michael Kors now open at Saddle Creek

{Germantown, TN} – Internationally renowned luxury fashion retailer Michael Kors opened its doors today at Saddle Creek in Germantown, TN. With operations in over 100 countries, the award-winning brand specializes in women’s handbags and accessories with distinctive designs, materials, and craftsmanship. The addition of Michael Kors Michael_Kors_66e80_450x450solidifies Saddle Creek’s already impressive merchandising mix, which includes luxury retailers Kate Spade, Anthropologie, Brooks Brothers, and other notable brands.

‘You’re not going to recognize Victory Park in fall of 2017,’ Developer Says

KERA News
Written By: Courtney Collins

The neighborhood around the American Airlines Center in Dallas was born a decade ago with promises of bustling commerce and restaurants day and night, game days or off days. Despite thousands of apartments and condos, Victory Park’s never lived up to that promise. So developers are trying a reboot.

One-way streets are built for speed.

And while that’s great for folks driving to the American Airlines Center, pedestrians avoid Houston Street and Victory Avenue at all costs.

Urban planner Patrick Kennedy says some people would rather pony up for parking than dodge traffic.

“One anecdote that I’ve heard from a number of people who work in the Crescent area, which is like three blocks away — they drive to games because they don’t feel safe walking the three blocks,” he said.

Those one-way streets will soon become two-way. Kennedy says that’s a step in the right direction because it will make the neighborhood safer to get around and encourage business.

By the fall of 2017, Victory Park will have a crop of new restaurants, including a 24-hour BuzzBrews. A movie theater is on the way. So is a Pilates studio. A 23-story office tower is in the works and over 1,000 new apartments will go up in the next couple years.

Kennedy says that doesn’t guarantee success.

“Ultimately, that’s the supply of a lot of stuff and that doesn’t necessarily answer the second half of the equation … Is there the demand side to populate those businesses and for them to do well,” he said.

Terry Montesi says just wait and see. He’s the founder and CEO of Trademark Property, the retail development company for Victory Park.

“You’re not going to recognize Victory Park in the fall of ’17,” he said.

Montesi says he agrees the neighborhood didn’t live up to what was billed the first time around.

“Signage wasn’t finished, the public amenities weren’t finished, the art program wasn’t finished, the lighting wasn’t finished, the light wasn’t installed at Victory Park Lane and Olive, on and on and on,” Montesi said. “So it really was never finished.”

Montesi says the story will end differently this time around, especially since one of the reboot’s priorities is making Victory Park easier to navigate without a car.

That’s a pretty significant turn for a city obsessed with the auto.

One of Dallas’ first protected bike lanes is being built from the Katy Trail along Houston Street. A concrete curb will separate the bike lanes from lanes for automobiles, officials say.

“It completely prevents people from parking in the bike lane, which is a problem that we have,” said Ashley Haire, the bicycle engineer for the city of Dallas.

The reboot makes way for cyclists, helps connect the American Airlines Center to the surrounding neighborhood, and pours money into new business.

It’s that last part that still has Kennedy a little skeptical. He doesn’t believe in: “If you build it, they will come.”

“No that’s never true and that’s one of the worst phrases in real estate,” Kennedy says.

Still, developers insist that making Victory Park a vibrant commercial district isn’t just a dream: It’s a promise.

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