That’s the word from Catherine Downes at SideDish:
Back in 2012 we announced that Whole Foods was building a store in Uptown. The 38,000-square-foot shop is right on schedule and will open on Wednesday, August 12 at 8 a.m.
The pedestrian-focused store is located on the ground floor of Gables McKinney Ave., a seven-story apartment complex that’s currently under construction in the heart of Uptown.
Whole Foods Uptown is located at 2500 McKinney Avenue at Routh Street.
Closer to Victory Park, Tom Thumb has signed on to anchor The Union, a new mixed-use project being developed by RED Development. Construction is expected to get underway this fall:
Comprised of a 22-story office tower, a 300-unit residential tower, and 145,000 square feet of retail space, the striking mixed-use project will be built at the corner of Field Street and Cedar Springs Road. Tom Thumb has signed on to anchor the retail component with a 60,000-square-foot store, leaving about 85,000 square feet available.
Grocery store growth in DFW ranked No. 4 on D CEO’s list of the year’ top commercial real estate stories:
4. Grocery Store Wars.
Forget the malls and big boxes. DFW’s retail market is now being driven by grocery stores. More than 40 grocery stores have opened this year or are in the works—and others are likely to be announced. Mark Reeder, executive vice president at SRS Real Estate Partners, says the sector is seeing growth across the board. “We have Walmart, Target, Albertson’s, ALDI, and new entrant WinCo battling it out on the value side,” he says. “Existing full-service providers such as Kroger, Market Street, Tom Thumb, and Brookshire’s are trying to increase store count and market share. HEB has sites scattered across DFW. And trendy, healthy options such as Central Market, Whole Foods, Sprouts, Trader Joe’s, and Fresh Market are opening more stores.”
Herb Weitzman, chairman and CEO of The Weitzman Group, says grocery stores are largely immune to Internet competition. So they’re not seeing the downsizing that other retailers are experiencing. “[Population] growth and sales volume is why every concept that is here is working hard to maintain and expand its market share,” Weitzman says.