Waterside, Fort Worth, Texas
Trademark Property Company has unveiled plans to build Waterside in its home base of Fort Worth, Texas; the 63-acre, master-planned, mixed-use development is slated to open the first phase in spring 2015.
Located on the Trinity River at Bryant Irvin Road and Arborlawn Drive in central Fort Worth, Waterside will be a walkable shopping, leisure, office, hotel and residential district with an amenity package that includes an extension to an existing trail along with a trailhead with a bicycle repair and air station, and an internal trail system. Other features will include a signature bridge, canoeing and kayaking, a dog park, a central plaza with outdoor dining and recreation areas for children and adults, and a riverfront amphitheater. Plans for the development include 200,000 sq. ft. of retail space and riverside restaurants, 20-30 acres of multi-family and townhomes, 100,000 sq. ft. to 200,000 sq. ft. of office space, and a hotel site.
Construction is set to begin in spring 2014. “We at Trademark are so excited to have the opportunity to develop this beautiful piece of land with over a mile-and-a-half of river frontage and access to the Trinity Trails,” said Trademark chairman and CEO Terry Montesi. “This site has it all and we plan to be extraordinary stewards of this great piece of real estate, including the retention of many specimen trees."
Trademark is working closely with the City of Fort Worth and the Tarrant Regional Water District on the project.
Zale elects former Signet CEO board chair
DALLAS — Zale Corporation, a specialty retailer of diamond and other jewelry products, has elected former Signet CEO Terry Burman as a director and as chairman of the board. John B. Lowe Jr., who has served as chairman for the past five years, will remain on the board.
“On behalf of the board of directors and the Zale management team, I am pleased to welcome Terry Burman to our board in the important leadership role of chairman,” said Theo Killion, CEO of Zale Corporation. “Terry’s track record and industry knowledge make him uniquely qualified to contribute to Zale as we execute our plans for long term growth and shareholder value. I’d also like to thank Jack Lowe for his stewardship as chairman as we stabilized the business and created the path to profitability.”
Burman served as CEO of Signet Jewelers Limited from 2000 to Jan. 2011. He joined Signet in 1995 as the chairman and CEO of Sterling Jewelers, a U.S. division of Signet. Before joining Signet, Burman held executive positions, including president and CEO, with Barry’s Jewelers, Inc., which now does business as Samuels Jewelers. Burman serves on the boards of Yankee Candle Company and Tuesday Morning Corporation. He also serves on St. Jude Children’s Research Hospital board of governors. With more than 30 years of experience, the jewelry industry veteran has received numerous awards, including the American Gem Society Lifetime Achievement Award in 2010. He is also the former chairman of Jewelers of America.
“I am delighted to assume the role of chairman of the board at Zale at such an important point in their turnaround program. I am looking forward to working with Zale’s management and board to refine the company’s strategy and priorities to drive profitable growth and create shareholder value,” said Burman.
Zales has just posted its results for the third quarter fiscal period ended April 30. The company saw same-store sales at its Zales and Zales Outlets stores increase by 3% compared to the same period last year. “We delivered strong results in March and April after a slow start to the quarter in February, which resulted in our tenth consecutive quarter of positive comps,” said Killion about the results.
Zale Corporation operates approximately 1,710 retail locations throughout the United States, Canada and Puerto Rico, as well as online. Its portfolio of brands includes Zales Jewelers, Zales Outlet, Gordon’s Jewelers, Peoples Jewellers, Mappins Jewellers and Piercing Pagoda. Zale also operates various e-commerce sites.
March of Dimes names CVS CEO Citizen of the Year
PROVIDENCE, R.I. — CVS Caremark president and CEO Larry Merlo has been named the 2013 March of Dimes Rhode Island 2013 Citizen of the Year for his and the company’s ongoing support of the March of Dimes mission.
Merlo will be honored for the achievement at a June 18 reception held at the Providence Public Library. The recognition and fundraising event will take place as part of the 75th anniversary year of March of Dimes and the 50th anniversary year of the pharmacy innovation company.
The celebration honoring Merlo is being chaired by Deborah Thomas, CFO of Hasbro and 2010 recipient of the March of Dimes Citizen of the Year award, and will include guest speakers Jennifer Howse, president of the national March of Dimes Foundation, and James Roosevelt Jr., CEO of Tufts Health Plan and grandson of President Franklin D. Roosevelt, who founded the March of Dimes to bring an end to polio 75 years ago.
“The support that CVS Caremark has provided to the March of Dimes for over a dozen years has been vital in helping the organization fulfill its mission of working together for stronger, healthier babies. Through Larry’s leadership and the company’s commitment to being an incredible community partner, the nation’s tiniest human beings are being given a boost for a healthy start in life,” Thomas stated.
Thomas emphasized the “tremendous state, regional and national support that CVS Caremark has provided to March of Dimes over the years,” highlighting several initiatives, including the company’s support of the March of Dimes of Rhode Island NICU Family Support Project and the March of Dimes Mom and Baby Mobile Health Units. The Project, which Hasbro joins CVS Caremark as staunch supporters of, assists more than 1,100 families annually at Women and Infants Hospital, providing them with information and comfort during the NICU hospitalization of newborns, and help during the transition to home and in the event of death. The Mobile Health Units provide services for women and children in rural areas around the country.
Merlo, who has more than 30 years of pharmacy health care experience, stated, “It’s an honor to be recognized, and I commend the March of Dimes for the work they are doing to help expectant moms and ensure they have the healthiest babies. Our purpose of helping people on their path to better health aligns with the March of Dimes’ mission, and we couldn’t be more proud of our long-standing partnership to improve health outcomes for children and families in our home state.”