REAL ESTATE

Fort Worth suburb remakes itself as Old Town

BY Al Urbanski

A post on the Old Town Burleson Facebook page throws down the culinary gauntlet to its more famous neighbor to the north: “The rest of DFW is catching on to what the locals already know; Old Town simply has the best restaurants around.”

Tagged to that is an article from Culture Map Fort Worth running down the specialties of eateries such as The Hickory Tree Grill, Old Texas Brewing, Co., Fresco’s Cocina Mexicana, and Grumps Burgers. Burleson’s resurgence as a foodie oasis has not been lost on retail real estate developers.

Old Town Station, a renovated office building with retail and restaurants on the ground floor, just lured a Fort Worth institution called Ol’ South Pancake House to its Burleson site. It’s the first new restaurant in 20 years for the 56-year-old restaurant renowned for its German pancakes.

Much like a master-planned mixed-use development, Old Town Burleson maintains an aggressive events calendar that includes the Hot Sounds of Summer concert Series, the Be Healthy Burleson 10K run, and Christmas in Old Town.

Bryan Dyer of The Woodmont Company represented Ol South Pancake House in the leasing of its 5,000-sq.-ft. space at Old Town Station.

Connect with me on LinkedIn | Follow me on Twitter

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

What impact do you expect the new tariffs on imports will have on the economy?
REAL ESTATE

The Fresh Market trimming its store fleet

BY Marianne Wilson

The Fresh Market on Monday announced a round of store closings.

The specialty grocer, which was acquired in 2016 by private equity firm Apollo Global Management, on Monday said it plans to close 15 underperforming stores in Georgia, Illinois, Indiana, Kentucky, North Carolina New Hampshire, Tennessee, Virginia and Wisconsin.

The company said it made the decision following the completion of an organizational analysis and careful consideration of the overall growth strategy and long-term financial performance of the company. It doesn’t expect any additional store closings for the foreseeable future.

“Over the last eight months, our company has been executing a turnaround plan and we’ve seen great progress,” said Larry Appel, CEO, The Fresh Market. “However, for a variety of reasons unique to each retail location, that progress is not evenly distributed and, as a result, we have decided to close these long-term, underperforming stores. “Looking ahead, I am confident this move will better position The Fresh Market and enable us to continue delivering our great tasting meals, signature products and an incredible shopping experience.”

The Fresh Market Inc. operates 170 stores in 24 states.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

What impact do you expect the new tariffs on imports will have on the economy?
REAL ESTATE

Nordstrom expanding its inventory-free, small store concept

BY Marianne Wilson

Nordstrom is going local in two more locations.

The department store retailer said it plans to open two more Nordstrom Local stores in Los Angeles, one downtown and one in the Brentwood section. (There are also plans to expand to Manhattan, according to reports.)

Nordstrom opened the first — and still only — Nordstrom Local in October, on Melrose Avenue in Los Angeles. The 3,000-sq.-ft. store is designed as a neighborhood hub that offers an array of services, including onsite tailoring and alterations, curbside pickup, and buy online pickup in store. The Melrose store also offers manicures and a beverage bar. While it has no dedicated inventory, customers can have online orders shipped there and try on the clothes in one of the store’s fitting rooms. Stylists are available for consultation.

Nordstrom said the concept is one piece of its overall local market strategy.

“Nordstrom is continuing to invest in its growth strategy with the goal of increasing market share by providing customers with better and more convenient services and access to more products,” said Ken Worzel, president of Nordstrom.com and chief digital officer. “Through our local market strategy, we’re combining the scale of our national infrastructure with our local assets of people, product, and place to help reimagine the shopping experience for our customers.”

In Brentwood, Nordstrom Local will open in an approximately 1,200-sq.-ft. location at 214 26th Street, in the heart of the neighborhood. The 2,200-sq.-ft. downtown Los Angeles location will be situated amid commercial office towers and business-oriented hotels in The BLOC.

“We’re learning a lot from customers through our first Nordstrom Local store on Melrose and we’re looking forward to learning even more from the addition of the Brentwood and downtown L.A. locations,” said Shea Jensen, senior VP customer experiences. “We think there are more ways to serve customers on their terms and we are looking forward to introducing Nordstrom Local to customers who live in these neighborhoods.”

The Los Angeles area is Nordstrom’s largest market with 16 full-line stores.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

What impact do you expect the new tariffs on imports will have on the economy?