Monthly Archives: September 2015

Retail landlord is showing city how it’s done

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Corpus Christi Caller Times
Editorial

Elected officials hear it all the time, especially from conservatives: Look to the private sector. Learn from the private sector. Contract out to the private sector. Be more like the private sector. It doesn’t always live up to its stereotype.

But when it comes to how to take care of pavement — the city of Corpus Christi’s most glaring shortcoming — Trademark Property Co. and Institutional Mall Investors, LLC, of Fort Worth, could teach City Hall a thing or two.

Trademark owns La Palmera, the gleaming mall at the South Staples Street-South Padre Island Drive intersection, and the Shops at La Palmera, the strip center directly across Staples from the mall. Those who keep up with the ups and downs of the local economy already know the Trademark story:

The company acquired the mall in 2008 when the economy was bad, the mall was in sore need of an upgrade and the city was negotiating a huge incentives package for another big retail project that might have lured the mall’s best tenants had it come to fruition and the mall played its hand.

Trademark negotiated its own incentives package with the city and spent $50 million fixing up the place. It showed. The mall attracted attractive new tenants that complemented the longtime anchor stores.

Later, Trademark turned the sad-looking property across the street into another premier retail destination where shoppers could go to the opposite upscale extremes of outfitting themselves for hunting and saying with diamonds and platinum what they wanted to say to their significant others. The concept that Trademark should fear competition with itself on two sides of the street turned out to be downright silly. And all of a sudden there was no need for the well-heeled to fly to Dallas to shop.

Not one to sit around and wait for things to run down, Trademark officials looked around, noticed that the parking lots hadn’t been reconstructed in more than 20 years and thought, “Hmm.”

Trademark thinking “hmm” is different from how the city thinks “hmm.” With the city, it’s “hmm, let’s talk about this, appoint a committee, create an infrastructure commission, find a higher-tech way to assess the damage, maybe see if we can make voters choose.” It’s why there are more potholes than can be plugged.

With La Palmera’s parking lot, which is no small project, “hmm” meant let’s get started. Road graders and crews are on the scene, some of the lots have been taken down to the dirt and all is expected to be finished in time for Christmas shopping. Trademark felt no need to get its money’s worth out of the old pavement by waiting until conditions became deplorable. That would have undermined all the other fixing up that Trademark had done.

Trademark also is doing plenty at the mall that people tend to take for granted — replacing air conditioners and redoing ventilation. On the other side of the street, Trademark plans to build a new space for three new tenants.

For all appearances, Trademark’s investments in La Palmera’s first-class upkeep yield correspondingly handsome returns. Tenants have plenty of incentive to hold up their end.

Trademark’s example of pride of ownership is its own declaration of confidence in the future. It’s a private-sector example that the city would do well to follow.

CLICK HERE FOR ORIGINAL ARTICLE

Multi-million dollar renovation of Burr Ridge Village Center now underway

Burr Ridge Ill. — Trademark Property Co. announced the start of construction on its multi-million dollar renovation of the Burr Ridge Village Center in Burr Ridge, Illinois. Enhancements will include upgraded amenities, renovation of common areas and roadway modifications.

“We are excited to evolve Burr Ridge Village Center by investing in these upgrades, which will create a more welcoming environment for guests,” said Weston Graves, VP, design and construction, Trademark.

Phase One has begun construction and is scheduled to be completed mid-November 2015 and will focus on street and intersection work at the north end of the property. The roundabout will be removed and reworked to provide better access and traffic flow for visitors and to enlarge the existing public space. A designated valet lane and program will also be added.

Phase Two is scheduled to start in spring 2016 and will focus on the center green space. Enhancements will include sidewalk areas throughout the property, adding a new fireplace and an upgraded seating area on the south end of the green, as well as building a year-round pavilion with a seating area on the north end of the green that will be used for concerts, events and other key programming.

The line-up of retailers and restaurants at Burr Ridge Village Center includes White House | Black Market, Evereve, Banana Republic, Loft, Victoria’s Secret, Gymboree, Two Bostons Pet Boutique, Kohler Waters Spa, and Cooper’s Hawk Winery & Restaurant, as well as the recently opened Stix & Stones Wood Fired Pizza.

Click here for the orginal Chain Store Age article

Trademark Property Co. Launches Local Micro-Restaurant Program at Waterside

Media Contact:
Abby Waldron: awaldron@snwestpr.com; 214.373.1601

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Trademark Property Co. LAUNCHES LOCAL MICRO-RESTAURANT PROGRAM AT WATERSIDE

Program offers unique business opportunity for local entrepreneurs

FORT WORTH, Texas (Sept. 28, 2015) – Trademark Property Co. is responding to the community’s call for local, entrepreneurial and artisan merchants, by launching a micro-restaurant program dedicated to attracting unique restaurant concepts to Waterside, its 63-acre mixed-use development currently under construction at Bryant Irvin Road and Arborlawn Drive.

Trademark will lease three – four 600-1,000 square-foot micro-restaurant spaces exclusively planned for the property to local and regional businesses. To provide local entrepreneurs with the opportunity to lease space they might not otherwise be able to invest in, Trademark will offer smaller spaces, lower startup costs, shorter term leases, free outdoor seating and generous tenant improvement packages, as well as other benefits.

“During community engagement sessions, we heard a resounding call for local and artisan merchants. We’re answering that call by committing to only lease these micro-restaurant spaces to the best local or regional concepts,” said Terry Montesi, CEO, Trademark Property Co. “Whether you’re an entrepreneurial minded chef looking to open your own business, or an established restauranteur with a new concept idea, we encourage you to reach out and tell us about it.”

The micro-restaurants will be located around The Grove, Waterside’s central public space. Designed around several heritage trees, The Grove will serve as the heart of the Waterside development, featuring shaded outdoor seating for several restaurants, public art incorporating the site’s history and the re-use of existing playground and amusement ride equipment, a community pavilion, a community promotion shed, and activity areas for all ages.

The micro-restaurant program is a part of Trademark’s Conscious Place initiative, a stakeholder-driven development model that aims to ensure its properties are more than just places of commerce, but also places of community and meaning. As Trademarks’ first ground-up Conscious Place project, all aspects of Waterside’s development are being evaluated for their potential to educate, inspire and engage stakeholders; commitment to sustainability; and connection to the local community.

In addition to The Grove, Conscious Place elements will include an extension of the Trinity Trails, consisting of a trailhead with a bicycle repair and air station, free, chilled filtered water for re-fillable bottles, an internal trail system, a signature bridge, canoeing, paddle boarding, kayaking, an urban garden, and a riverfront amphitheater, to name a few.

Waterside broke ground on its first phase of development in 2014 and announced its first anchor tenant: a 45,000-square-foot Whole Foods Market, the first in Fort Worth. Most recently, REI was signed as the second anchor, also a first in Fort Worth. Phase I is in process with roads installed and buildings well underway. It includes the retail project, The Grove and the first 383 multi-family units, which will be substantially complete by spring 2016 when the retail and restaurants are projected to open. The development includes Whole Foods Market, REI, Taco Diner, Zoes Kitchen, Blaze Pizza, Sleep Train, Massage Heights, Envy Nails, Amazing Lash Studio plus many additional retail and restaurants.

At full build out, Waterside will be a walkable, dynamic district including 200,000 square feet of retail space and riverside restaurants, 800 multifamily residential units, two to three hotels, office buildings, and potential for additional high density single family housing, much of which will be situated along the Trinity River.

For the latest updates on openings and construction, visit watersidefw.com or follow Waterside on Facebook and Twitter. For more information on micro-restaurant leasing, contact Daniel Goldware, dgoldware@trademarkproperty.com.

Restaurants and entertainment venue to join Downtown Dallas development

Dallas — Trademark Property Co. announced that BuzzBrews,’ Cinépolis USA and Café Victoria will join Victory Park, a 75-acre mixed-use development in downtown Dallas. BuzzBrews’ and Café Victoria to open in early 2016 and Cinépolis USA, targeted for 2017.

Victory Park features more than 165,000 sq. ft. of retail, restaurant and entertainment space, including: Buda Juice, Chad Rookstool Salon, Classic Pilates, Hard Rock Café, The Hangar, Havana Social Club, House of Blues, Medina Oven & Bar, Metro Tickets, Naga Thai Kitchen & Bar, Olivella’s Neo Pizza Napoletana, Victory Park CrossFit and Victory Tavern.  The Perot Museum of Nature & Science also is located within Victory Park, as well as 621,000 sq. ft. of Class-A office space, the 252-room W Dallas – Victory Hotel and 1,700 plus residential units.

Click here for the original Chain Store Age article.

Victory Park Welcomes First Coffee Shop

Media Contact:
Sydney Townsend; stownsend@sunwestpr.com or
Abby Waldron; awaldron@sunwestpr.com
214.373.1601

Victory Park Welcomes First Coffee Shop

Café Victoria will serve premium brews and baked goods;Owned and operated by a Victory Park resident

DALLAS – (Sept. XX, 2015) – Trademark Property Co. today announced that Café Victoria will join the 75-acre mixed-use development in downtown Dallas as its first coffee shop.

“A coffee shop has been the number one request since we started implementing the retail leasing and marketing of Victory Park,” said Daniel Goldware, director of leasing at Trademark. “Café Victoria is a perfect fit because it truly is a neighborhood establishment founded by one of Victory’s own residents. It is also an important component of the continued activation of Victory Park Lane.”

Owned and operated by current Victory Park resident Luciana Gómez, Café Victoria will serve freshly prepared, premium coffee and homemade pastries. The shop is scheduled to open in January 2016 and will be located on Victory Park Lane, next to Buda Juice.

“Living in Victory Park, I saw the need for great coffee firsthand. It became my dream to share the taste of quality coffee in a wonderful environment with my neighborhood,” said Gómez. “Now, my dream is coming to life, and I am both personally and professionally invested in a community that I believe in.”

Victory Park recently opened Classic Pilates, a Pilates and Gyrotonic® studio, and Buda Juice, which serves hand-squeezed organic juice on the go. Joanna Czech Salon will open in October 2015 and offer a full range of skincare and nail treatments, waxing and aesthetic services. In addition, BuzzBrews’ fifth Dallas location for late-night menu cravings is slated to open in early 2016, and a premier cinema, Cinépolis USA, will join Victory Park in 2017.

Victory Park features more than 165,000 square feet of retail, restaurant and entertainment space, including: Buda Juice, Chad Rookstool Salon, Classic Pilates, Cook Hall, Hard Rock Café, The Hangar, Havana Social Club, House of Blues, Jimmy John’s, Kenichi, Medina Oven & Bar, Metro Tickets, Naga Thai Kitchen & Bar, Olivella’s Neo Pizza Napoletana, Read Between the Lines, Shooters, Simply Elegant, Victory Park CrossFit and Victory Tavern. The Perot Museum of Nature & Science also is located within Victory Park. In addition, the district includes 621,000 square feet of Class-A office space, the 252-room W Dallas – Victory Hotel and more than 1,700 residential units.

Trademark Begins Phase I of Construction on Multi-Million Dollar Renovation of Burr Ridge Village Center

Media Contact:
Sydney Townsend: stownsend@sunwestpr.com; 214.373.1601

TRADEMARK BEGINS PHASE 1 OF CONSTRUCTION ON MULTI-MILLION DOLLAR RENOVATION OF BURR RIDGE VILLAGE CENTER

 

BURR RIDGE, Ill. (Sept. 24, 2015) – Trademark Property Co., the operating partner for Burr Ridge Village Center, today announces the start of construction on its multi-million dollar renovation of the 200,000-square-foot lifestyle center. Enhancements include upgraded amenities, renovation of common areas and roadway modifications.

“We are excited to evolve Burr Ridge Village Center by investing in these upgrades, which will create a more welcoming environment for guests,” said Weston Graves, vice president, design and construction, Trademark. “After listening to the community’s feedback, Trademark created a strategic plan to improve the overall design so that customers can conveniently shop, dine and then stay to experience and enjoy all of the great amenities offered on site.”

Phase 1 will focus on street and intersection work at the north end of the property. The roundabout will be removed and reworked to provide better access and traffic flow for visitors and to enlarge the existing public space. A designated valet lane and program will also be added. These improvements are scheduled for completion in mid-November.

Phase 2 is scheduled to start in spring 2016 and will focus on the center green space. This includes enhancements to sidewalk areas throughout the property, adding a new fireplace and an upgraded seating area on the south end of the green, as well as building a year-round pavilion with a seating area on the north end of the green that will be used for concerts, events and other key programming.

The line-up of retailers and restaurants at Burr Ridge Village Center includes White House | Black Market, Evereve, Banana Republic, LOFT, Victoria’s Secret, Gymboree, Two Bostons Pet Boutique, Kohler Waters Spa, and Cooper’s Hawk Winery & Restaurant, as well as the recently opened Stix & Stones Wood Fired Pizza.

To learn more about the improvements, please visit Burr Ridge Village Center’s website or follow them on Facebook, Twitter and Instagram for the latest updates and events at the shopping center.

Construction Starts at Hillside Village: Trademark Gives Center a Multi-Million Dollar Makeover

Media Contacts:
Maggie Turner or Abby Waldron
mturner@sunwestpr.com or awaldron@sunwestpr.com
214.373.1601

Phase one renovations to focus on public space improvements and signage updates

CEDAR HILL, Texas (August 31, 2015) – Trademark Property Co., the operating partner for Hillside Village, formerly Uptown Village at Cedar Hill, has broken ground on its multi-million dollar renovation of the shopping center.

As part of the first phase, Trademark will update the signs at property entrances to reflect the new name and brand, build a new children’s play area, extend the Village Green to include a new promenade section with a bocce ball court, install a covered stage area, and add shaded seating around the Village Green. In addition, the renovation includes enhanced landscaping and lighting throughout the property, as well as a new public art program.

“Evolving Hillside Village will improve our shoppers’ experience, and attract new shoppers and tenants,” said Terry Montesi, CEO of Trademark. “We’ve carefully planned this renovation to be responsive to the community’s feedback, and we can’t wait for them to experience the finished product. Combined with the recent opening of Charlotte Russe, and H&M in the coming weeks, this fall is going to be an exciting time to visit Hillside Village.”

Trademark conducted an onsite design charrette last fall with numerous architects, place makers, the City of Cedar Hill and the onsite management team to collaborate and formulate a strategic plan and direction for the property. Trademark plans to evolve the property and give the community a best-in-class shop, dine, work and play experience. Phase one completion is scheduled for fall 2015.

To learn more about the improvements, please visit Hillside Village’s website or follow them on Facebook, Twitter and Instagram for the latest updates and events at the shopping center.

Hillside Village currently includes 350,000 square feet of specialty stores and restaurants, anchor retailers are Barnes & Noble, Dillard’s and Dick’s Sporting Goods, and 31,000 square feet of office space. The center features a collection of more than 65 national and local tenants including Charlotte Russe, Charming Charlie, Buckle, H&M (opening fall 2015), Express, James Avery, Old Navy, Papaya, The Children’s Place and Victoria’s Secret.

Trademark Begins Multi-Million Dollar Renovation of Hillside Village

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REBusiness
Katie Sloan

CEDAR HILL, TEXAS — Trademark Property Co. has begun its multi-million dollar renovation of Hillside Village shopping center, formerly known as Uptown Village at Cedar Hill. The first phase of renovations will include updated signs at property entrances, a new children’s play area, a new promenade section with a bocce ball court, a covered stage area, enhanced landscaping and lighting and additional shaded seating around the village green. Completion of the first phase is scheduled for this fall. Hillside Village is currently home to 350,000 square feet of retail and restaurants, with tenants including Barnes & Noble, Dillard’s, Dick’s Sporting Goods, Charlotte Russe, Charming Charlie, Buckle, Papaya and Victoria’s Secret.

CLICK HERE FOR ORIGINAL ARTICLE