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PNL Unveils Retail Plan for $200M City Place

FORT WORTH-PNL Cos. maps out 150,000 sf for the Shops at City Place in its twin-tower project. More restaurants, entertainment and lifestyle retail are coming to the CBD.

By Connie Gore | Updated on April 23, 2008

FORT WORTH-Unveiling its retail component for the $200-million City Place, PNL Cos. is courting the market with 150,000 sf of street-level space in Downtown Fort Worth. The goal is to complement Sundance Square’s 20-block, top-shelf retail mix by adding more restaurants and entertainment concepts, many envisioned to be new names for Texas.

The Dallas-based developer has tweaked the City Place plan since November 2007 when it seated Stream Realty Partners LP and the Retail Connection to lease the office space and shop space. The initial focus was to fill the 312,000 sf of class A office in the 19-story, 320,000-sf tower at 300 Throckmorton St. With the office space now 65% leased, the developer and its Dallas-based teams are ready to lob a full-court press for the retail line-up. The Shops at City Place will be front and center at the International Council of Shopping Centers’ annual showcase in Las Vegas.

“There are going to be some great concepts coming to this. We’ve had a much better response than I thought we were going to get,” PNL president David Porter tells GlobeSt.com. “They see the whole thing coming together. They can see the quality and the nature of the overall development.”

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