Search
 

Retailers Christen Shops in $1B MXD's Phase One

ALLEN, TX-The parade of goods begins for one of the largest mixed-use projects now rising in the US. Prototype stores and large format boxes dominate the three-million-sf mix.

By Connie Gore | Updated on October 15, 2008

ALLEN, TX-MGHerring Group, capping four years of hard work, has started the parade of stores for the first phase of the $1-billion, three-million-sf mixed-use development in the far northern tier. As the Village at Allen’s first shops get christened in back-to-back soft openings, crews are hard at work on its phase two and a 1.4-million-sf sister, the Village at Fairview.

As would be expected, it’s been a mix of trials and triumphs as the Dallas-based developer assembled 400 acres at the junction of Stacy Road and US Hwy. 75 in two suburban cities for one of the largest mixed-use projects now being built in the US. Gar Herring, president of the development group, tells GlobeSt.com that the biggest challenge was revising the master plan after construction started in March 2007 when Minneapolis-based Target Corp. put in its dibs for a spot in the line-up. And his top accomplishment was a complex agreement with Phoenix-based Global Entertainment Corp. and the city for the $52.6-million Allen Events Center.

The all-star retail cast is using the dual projects as springboards for prototype stores and the largest formats in their line-ups. “They are putting their best foot forward to be creative and make showcase stores,” Herring says. “Almost every major retailer we worked with has come back to do their largest prototype or No. 1 prototype.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.