Monthly Archives: August 2016

Waterside, WestBend named on Dallas Business Journal’s ‘Restaurant Roundup’

Dallas Business Journal
Written by: Korri Kezar

HG Sply cooks up Fort Worth eatery

Greenville favorite HG Sply Co. is opening a location in Fort Worth on Aug. 22. Located in the WestBend development at 1621 River Run, Ste. 176, the restaurant will serve lunch, brunch, dessert and drinks, and feature dinner entrees different from its Dallas location. In the next few months, the eatery also plans to open a 7,000-square-foot patio overlooking the Trinity River and Trails. Hours will be Sunday through Thursday 11 a.m. to 10 p.m. and Friday and Saturday 11 a.m. to midnight.

Interior Mexican restaurant opens in Lakewood

Meso Maya, a Dallas-based eatery specializing in interior Mexican food, opened its third location this week in Lakewood. The restaurant, located at 4123 Abrams Road, serves up Mexican and Mayan favorites like cochinita pibil, herradura salmon and budin Azteca, as well as a variety of craft cocktails and specialty margaritas. The restaurant is open for lunch daily from 11 a.m. to 4 p.m. Dinner is served Sunday through Thursday from 4 p.m. to 10 p.m. and Friday and Saturday from 4 p.m. to 11 p.m. Brunch is available on Saturday and Sunday from 11 a.m. to 3 p.m., and a happy hour is available on weekdays from 3 p.m. to 6 p.m.

Mooyah hits 100-store milestone

Plano burger concept Mooyah Burgers Fries & Shakes celebrated the opening of its 100th restaurant this week in Tuscaloosa, Alabama. The eatery is a franchise location operated by Denney Barrow with his don Jordan and daughter-in-law Carrie Barrow.

Mooyah is on pace to open 30 units in the U.S. and internationally by the end of 2016.

Waterside adds foodie tenants

Fort Worth mixed-use development Waterside is adding a few new food destinations. This fall, Steel City Pops will open a 677-square-foot store offering craft popsicles made with local organic ingredients. Taco Diner, Blaze Pizza and Zoes Kitchen also recently opened in the development.

This fall, Waterside is also anticipating the opening of Piatello Italian Kitchen, Tokoyo Joes and other local, chef-driven restaurants.

Downtown eatery names new exec chef

Dallas restaurant veteran Justin Box has joined The Cedars Social as its executive chef. Box has a degree in culinary arts from the California Culinary Academy and has served as an executive sous chef at Cafe Momentum, Bolsa and Restaurant Ave. Most recently, he was lead line cook for Fearing’s Restaurant inside the The Ritz-Carlton Dallas. The Cedars Social is located in downtown at 1326 S. Lamar Road.

To-be-opened Deep Ellum concept names top chef

After announcing in July plans to open two new eateries this fall, Milkshake Concepts has appointed Chad Bowden as executive chef of its first restaurant, STIRR. A 10-year restaurant veteran, Bowden attended the Culinary Institute of Colorado and worked at Craftwood Inn, a fine-dining restaurant in Colorado Springs, Colorado. Before joining STIRR, he worked with North Texas eateries Beau Nash, The Grape, 2900 and Culpepper Steakhouse.

STIRR is set to open in Deep Ellum. It will include a 4,000-square-foot restaurant and 3,000-square-foot rooftop bar. In addition to craft cocktails like The Final Word, made with floral gin, maraschino liqueur, simple syrup and lime juice, the concept will serve dishes like Vanilla Chili Tuna Poke, made with seaweed, avocado, scallions, brown rice and Sriracha.

Super Chix launching second location

Chicken concept Super Chix is opening its second location later this month in Richardson’s CityLine development at 1551 E. Renner Road. The launch is part of Super Chix plans to open six restaurants in the next two years, including three in North Texas and three in the United Arab Emirates. Super Chix specializes in chicken sandwiches and tenders, fries and frozen custard.

Latin chicken restaurant coming to Richardson

Latin chicken chain Pollo Campero is celebrating its 18th consecutive quarter of positive comparable sales growth with a new location in Richardson. The location will open on Aug. 23 at 1380 W. Belt Line Road serving its signature Peruvian lime grilled and fried chicken.

Based in Dallas, Pollo Campero is a private company that reported a same-store sales increase of 9.13 percent in second quarter 2016. It saw a 7.21 bump in the first quarter.

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Trademark Inks New Tenants at Waterside

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BISNOW
Written by: Julia Bunch

Waterside inked deals with Steel City Pops, CycleBar and Aaron Brothers Art & Framing, right on the heels of the grand openings of Sur La Table and Taco Diner. The 63-acre mixed-use property under construction at Bryant Irvin Road and Arborlawn Drive in Fort Worth is developed by Trademark Property.

Steel City Pops will open a 700 SF micro-restaurant storefront selling its delicious popsicles with organic, locally grown ingredients. CycleBar will open a 3k SF indoor, boutique cycling studio this fall. Aaron Brothers will open a 2k SF store late this year.

Other tenants include Sur La Table and Taco Diner, which opened last week, and REI, Blaze Pizza and Zoë’s Kitchen. Whole Foods, Piattello Italian Kitchen and Tokyo Joes will open in upcoming months.Waterside_Thumb

Trademark’s Conscious Place initiative aims to deliver properties that go beyond commerce to positively impact a community. As a part of this, Waterside tenants and developments are evaluated for their potential to educate, inspire and engage stakeholders, and to promote sustainability.

Via this initiative, Waterside will feature outdoor seating, public art by Texas artist Bob Wade, a community promotion shed and activity areas, and trails and access to many outdoor activities such as kayaking and gardening.

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Trademark Property Co. to welcome Steel City Pops, CycleBar, Aaron Brothers to Waterside

Media Contact:
Maggie Holley, 214.373.1601

Sur La Table and Taco Diner Now Open

FORT WORTH, Texas (Aug. 15, 2016) – Trademark Property Co. is adding to the growing list of tenants opening this year at Waterside, the developer’s 63-acre mixed-use property currently under construction at Bryant Irvin Road and Arborlawn Drive. Steel City Pops, CycleBar and Aaron Brothers Art & Framing will all open at the property in 2016. In addition, the property celebrated the grand openings of two new tenants this month: Sur La Table and Taco Diner.

“The coming months will be an exciting time at Waterside as we continue to celebrate tenant openings and start to put the finishing touches on property amenities,” said Terry Montesi, CEO, Trademark Property Co. “Leasing momentum continues as well, and we are pleased with the significant interest we’ve seen from restaurants and retailers who want to be a part of our first ground-up Conscious Place.”

Steel City Pops will open a 677-square-foot store offering craft popsicles made with organic, locally sourced ingredients this fall. Steel City Pops will be one of Waterside’s micro-restaurants.

CycleBar, a premium indoor cycling studio, will open a 2,972-square-foot studio and boutique this fall.

Aaron Brothers Art & Framing will open an 1,800-square-foot store in late 2016.

On Aug. 10, Waterside celebrated the grand opening of Sur La Table, the kitchen-supply store for those with a passion for cooking and a love for food. Waterside is Sur La Table’s first Fort Worth location, and will offer a selection of exclusive and premium-quality goods for the kitchen and dining table, as well as a schedule of hands-on cooking classes. In addition, Mexico City-style taqueria Taco Diner opened its second Fort Worth location at Waterside earlier this month.

Other recent openings include REI, Blaze Pizza, and Zoë’s Kitchen. Openings will continue throughout the coming months, including Whole Foods Market on Oct. 12, Piattello Italian Kitchen, Tokyo Joes, and additional retailers and local, chef-driven restaurants.

Waterside is the first ground-up project developed as part 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, 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.

Conscious Place elements include “The Grove at Waterside,” a vibrant public space designed around several heritage trees that will feature micro-restaurants by local entrepreneurs, outdoor seating venues, public art by Texas artist Bob Wade utilizing repurposed amusement rides, playground equipment and photography, a community pavilion, a community promotion shed and activity areas. Additional Conscious Place elements will include an extension of the Trinity Trails consisting of a trailhead with a bicycle repair and air station, chilled filtered water for re-fillable bottles, an internal trail system, a signature bridge, canoeing, paddle boarding, kayaking, and an urban garden, to name a few.

In addition to tenant openings, Phase I at Waterside also will include 383 multi-family units. 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, 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. 

About Trademark Property Co.

Trademark Property Co. is an operator, investor and developer of award-winning, mixed-use town centers, specialty, community, power centers and enclosed regional malls. Since 1991, the Fort Worth, Texas-based Trademark has invested in, or developed over 11.5 million square feet of retail and mixed-use assets worth over $2 billion. Trademark’s experienced team of 120 employees is responsible for approximately 6.8 million square feet of retail and mixed-use projects currently in operation or development/redevelopment, including: Alliance Town Center (Fort Worth, Texas), Burr Ridge Village Center (Chicago, Ill.), Glades Plaza (Boca Raton, Fla.), Hillside Village (Cedar Hill, Texas), La Palmera (Corpus Christi, Texas), Market Street Flowood (Flowood, Miss.), Market Street – The Woodlands (The Woodlands, Texas), First Street Napa (Napa, Calif.), Perkins Rowe (Baton Rouge, La.), Rice Village (Houston, Texas), Saddle Creek (Germantown, Tenn.), The Shops at La Palmera (Corpus Christi, Texas), Victory Park (Dallas, Texas), Watters Creek (Allen, Texas), Waterside (Fort Worth, Texas), and WestBend (Fort Worth, Texas). For more information, visit www.trademarkproperty.com or interact on Facebook, Twitter and Instagram.

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Whole Foods Market opening first Fort Worth store Oct. 12

Fort Worth Star Telegram
Written by: Sandra Baker

FORT WORTH – Whole Foods Market said Friday it will open its first Fort Worth store in the Waterside development in west Fort Worth on Oct. 12, two years after construction began.

Dennis Berryman, the store’s team leader, said in a statement the store will provide shoppers an “experience unlike anywhere else.” Whole Foods is a leading natural and organic food retailer.

“We look forward to bringing the high quality standards and pleasurable shopping experience our customers expect to the thriving Fort Worth community,” Berryman said.

The 45,000-square-foot store is at 3720 Vision Drive in Waterside, a development of Fort Worth-based Trademark Property Co. It is Whole Foods’ 13th store in the Dallas-Fort Worth area. It will employ 120 workers, the company said.

The company is taking applications for cashiers, prepared food cooks, fishmongers, butchers and other positions. Individuals can learn more and submit their applications at wholefoodsmarket.com/careers.

“Our location in the Waterside development couldn’t be better,” said Steffany Steichen, Whole Foods community liaison. “We’ve really enjoyed exploring our new neighborhood and knowing our shoppers will have great access to outdoor recreational spots like Trinity Trail and The Grove. We’re also grateful for the warm welcome we’ve already received from so many local partners and businesses.”

Austin-based Whole Foods Market (ticker NASDAQ:WFM) was founded in 1978. The company had sales of more than $15.4 billion in fiscal 2015, and currently has more than 435 stores in the United States, Canada and the United Kingdom, the company said.

Waterside is being developed by Trademark and Sarofim Realty Advisors in Dallas. It is on 63 acres along the Trinity River at Bryant Irvin Road and Arborlawn Drive, formerly a part of the Lockheed Martin Recreation Center.

The development will include many other shops and restaurants and a 375-unit multifamily community.

In 2014, the City Council approved $18.5 million in incentives to help with road work for the planned $185 million project.

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Perkins Rowe to get ‘freshening up’

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The Advocate
Written by: Timothy Boone

Trademark Property Co. said it plans to give Perkins Rowe a “freshening up” after it acquired a stake in the mixed-use development and took over some of the leasing and management services.

Terry Montesi, chief executive officer of the Fort Worth,Texas, company, said there will be “significant moves” at Perkins Rowe, but it probably won’t be until 2017 that shoppers begin to notice changes.

“Retail developments really need to evolve constantly to stay relevant,” Montesi said. “Starting in the next few months, when shoppers go to Perkins Rowe we hope they’ll notice a little something different each time.”

While Trademark hasn’t done a “deep dive” in Perkins Rowe since taking over retail management, retail leasing and office management, Montesi said the work will involve things such as making changes to the public spaces and sidewalks at Perkins Rowe, along with putting in new graphics and branding.

“It’s a very high quality, well-designed property,” he said, “but a lot could evolve to give it a fresher, more contemporary feel.”

Trademark has a portfolio of 16 retail, lifestyle and mixed-use centers across the U.S., totaling more than 6.8 million square feet of property in operations or development/redevelopment.

Trademark has acquired a significant stake in Perkins Rowe. Montesi wouldn’t give an exact figure, but said the company owns more than 10 percent. With Trademark coming in as a new investor and operating partner, owner TPG Capitol has dropped plans to sell Perkins Rowe. In May 2015, TPG put the center on the market.

Perkins Rowe, which opened in 2007, has 375,000 square feet of retail space, with tenants such as Barnes & Noble, Cinemark, Starbucks and The Fresh Market; 135,000 square feet of office space; and more than 225 apartments and condominium units.

Maggie Holley, a spokeswoman for Trademark, said the retail space is about 85 percent occupied, office space 99 percent occupied and multifamily units 90 percent occupied.

Montesi said the occupancy at Perkins Rowe is “pretty stable.” One high-profile retail vacancy exists: the former Applebee’s location on Bluebonnet Boulevard that closed in June. Finding the right tenant for that space is critical, Montesi said.

“We’re not just looking for income, we want a destination tenant to help evolve the brand and create a bigger draw to Perkins Rowe,” he said. Improving the food and beverage offerings at the development is something Trademark will pay attention to because of the food scene in south Louisiana.

Stirling Properties had handled leasing, sales, property and construction management at Perkins Rowe since January 2014. Covington-based Stirling will remain involved in office leasing, while BH Management of Des Moines, Iowa, will handle residential leasing and management. BH has 11 apartment complexes in Louisiana, including Bristol Place and Tiger Manor in Baton Rouge.

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Trademark Property Co. to manage, lease and evolve Perkins Rowe in Baton Rouge, Louisiana

Media Contact:
Maggie Holley: 214.373.1601

Redevelopment to focus on property evolution for well-located center

BATON ROUGE, La. (Aug. 4, 2016) – Trademark Property Co. has been retained to manage, lease and evolve Perkins Rowe, a 745,000-square-foot retail center in Baton Rouge, La.

“Perkins Rowe is a premier mixed-use destination in the Baton Rouge market and we are excited to help write the next chapter of its story,” said Terry Montesi, CEO of Trademark Property Co. “Trademark has particular expertise in uncovering hidden potential in mixed-use properties, and we see a fantastic opportunity to put that expertise to work at Perkins Rowe. Working with stakeholders, we plan to identify ways to better tailor the property to the surrounding community through strategic leasing, property improvements and amenity enhancements.”

Built in 2007, Perkins Rowe features 375,000 square feet of retail space, including anchors Barnes & Noble, Cinemark, CVS, The Fresh Market and LA Fitness; 135,000 square feet of office space; and more than 220 multi-family units. Trademark begins its management and leasing duties immediately.

The addition of Perkins Rowe expands Trademark’s portfolio to 16 retail, lifestyle, and mixed-use projects totaling 6.8 million square feet operated by the company across the U.S. For more information about Perkins Rowe, visit [link].

About Trademark

Trademark Property Co. is an operator, investor and developer of award-winning, mixed-use town centers, specialty, community, power centers and enclosed regional malls. Since 1991, the Fort Worth, Texas-based Trademark has invested in, or developed over 11.5 million square feet of retail and mixed-use assets worth over $2 billion. Trademark’s experienced team of 100 employees is responsible for approximately 6.8 million square feet of retail and mixed-use projects currently in operation or development/redevelopment, including: Alliance Town Center (Fort Worth, Texas), Burr Ridge Village Center (Chicago, Ill.), Glades Plaza (Boca Raton, Fla.), Hillside Village (Cedar Hill, Texas), La Palmera (Corpus Christi, Texas), Market Street Flowood (Flowood, Miss.), Market Street – The Woodlands (The Woodlands, Texas), First Street Napa (Napa, Calif.), Perkins Rowe (Baton Rouge, La.), Rice Village (Houston, Texas), Saddle Creek (Germantown, Tenn.), The Shops at La Palmera (Corpus Christi, Texas), Victory Park (Dallas, Texas), Watters Creek (Allen, Texas), Waterside (Fort Worth, Texas), and WestBend (Fort Worth, Texas). For more information, visit www.trademarkproperty.com or interact on Facebook, Twitter and Instagram.

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Trademark Property acquires stake in Perkins Rowe

 

The Advocate
Written By: Timothy Boone

Trademark Property Co. has acquired a minority stake in the mixed-use Perkins Rowe development and will provide leasing and management services.

Terry Montesi, Trademark’s CEO, said in a statement that the company plans to better tailor Perkins Rowe to the surrounding community through “strategic leasing, property improvements and amenity enhancements.”

Trademark, based in Fort Worth, Texas, has a portfolio of 16 retail, lifestyle and mixed-use centers across the U.S., including Market Street Flowood in Flowood, Mississippi, Victory Park in downtown Dallas and Rice Village in Houston. The company’s real estate portfolio totals more than 6.8 million square feet of property in operations or development/redevelopment. Its tenants include Apple, Best Buy, Whole Foods, REI and House of Blues.

Perkins Rowe, which opened in 2007, has 375,000 square feet of retail space, with tenants such as Barnes & Noble, Cinemark, Starbucks and The Fresh Market; 135,000 square feet of office space; and more than 225 apartments and condominium units.

While Perkins Rowe is the home for popular retailers and restaurants, the development has been controversial.

Developer Tommy Spinosa pitched Perkins Rowe as a $350 million development that would eventually include more than 800 condominiums and apartment units, offices, a hotel and trendy national retailers, including a department store. But the development was stifled by the recession, which saw retail chains dramatically cut back on their expansion plans and credit markets tighten up.

Several dozen lawsuits were filed against Spinosa and his Echelon Construction Services LLC by contractors and subcontractors, who said they were not paid for their work and services.

In 2009, KeyBank led a group of nine lenders that filed suit against Spinosa, claiming he had not made interest payments for several months on $170 million in loans. A court battle dragged on for several years before U.S. District Judge James J. Brady awarded a $201.9 million judgment to the lenders in September 2012.

TPG Capital acquired Perkins Rowe in early 2014 for an undisclosed sum from KeyBank National Association, which took over the mixed-use development at a foreclosure sale a few months earlier.

In May 2015, TPG put Perkins Rowe up for sale, but the property has not changed hands.

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