Grapevine - Colleyville - Southlake | April

From the cover

Development wave hits SH 114

Zooming in

What’s happening

Trophy Club hired Catalyst Commercial Inc. for advisory work for $5,500 a month for up to 14 months and Core Location Advisor for brokerage services for $77,000 to develop a small area plan near town hall, called The Grove at TC, with aspirations of spurring economic activity along SH 114, Town Manager Brandon Wright said. “There is not really much development left in Trophy Club, so we can be very slow and inten- tional and selective,” Wright said, adding the town is about 95% developed. “The town has two large parcels vacant right now, and it provides us a really good opportunity [for retail development].” He said the companies will create the frame- work from feedback and seek a developer who would have an interest in the project. There are vertical mixed-use development concepts that could feature oce, commercial or restaurant use, as well as infrastructure plans for trac ow, parking and pedestrian walkways. The town owns 4,000 linear feet along SH 114 frontage roads, but Wright said a development there would need to keep sucient parking for HG Supply Co., a restaurant on a 2-acre tract of land.

parcels of land date back more than 70 years and 40 years. “With leasing activity already underway, this will be a grocery-anchored destination unlike any other in the area,” Trademark CEO Terry Montesi said. Last year, he said that an organic grocer with a national presence would be in this project. An Instagram post on Jan. 9 stated the developer had signed a lease with a grocer, though the name of that retailer has not been announced. Seven ling permits for retail buildings were made March 31, tallying more than $30 million.

The three dierent projects are slated to include new shopping, dining and other activities on 46 acres in Southlake and 7.4 acres in Trophy Club. The largest development is Shivers Farm, a 40-acre mixed-use development at SH 114 and North White Chapel Boulevard. Southlake City Council approved developers Trademark Property Co.’s $120 million plan to bring a grocery store, oce, retail and 37 single-family housing lots in October to the proposed project. The Shivers Farm property dates back to 1918 when a house was built there and the property began operating as a farm. Other

KIRKWOOD BLVD.

Shivers Farm development Shivers Farm Development

Oce buildings: 38,799 sq. ft. Restaurants: 53,880 sq. ft.

Grocery store: 35,229 sq. ft. Retail shops: 8,551 sq. ft. Single-family homes: 37 Hotel: 130 rooms Grocery store: 35,229 sq. ft. Retail shops: 8,551 sq. ft.

114

Single-family homes: 37

MAP NOT TO SCALE N

SOURCE: CITY OF SOUTHLAKECOMMUNITY IMPACT

The Grove at TC could become a mixed-use concept.

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