Roanoke Village is a planned 42,970-square-foot retail- and restaurant-focused center.
ROANOKE, TX—The mixed-use category which represents projects with significant retail space, is one of the more active categories in terms of new construction. One of those projects is Roanoke Village, a planned 42,970-square-foot retail- and restaurant-focused center to be at the southeast corner of US 377 (Front Street) and Parish Lane.
The new retail development, a project of New Stream Commercial, is adjacent to downtown Roanoke, which is home to a regional-draw restaurant row of regional and local concepts, and Roanoke Town Center, which features the town's new city hall. Roanoke Village is also directly across US 377 from a major industrial park that includes distribution centers for FedEx, UPS, Walmart, General Mills, Nestle, Tom Thumb, Firestone and General Motors.
The trade area also features major developments, Circle T Ranch and Alliance, as well as Facebook's new $1 billion data center and TD Ameritrade's corporate campus, all of which drive high daytime population counts.
The retail in Roanoke Village is located in two multi-tenant buildings, which are joined by buildings designed for medical use and office space. A four-story SpringHill Suites by Marriott hotel will also open at Roanoke Village in 2020.
Weitzman is pre-leasing the property. Matthew Rosenfeld and Taylor Black with Weitzman are directing leasing efforts for Roanoke Village.
“Roanoke Village is located in the heart of a fast-growing retail, commercial and residential area,” Rosenfeld tells GlobeSt.com. “The center will benefit from the traffic draw of the SpringHill Suites hotel, the adjacent city hall development, and the proximity to North Fort Worth, Argyle, Alliance and other communities in this high-growth area.”
Mixed-use projects surveyed by Weitzman feature retail space of 25,000 or more in a configuration with residential, office, hospitality or entertainment uses.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
