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Kim_Gatley
Kim Gatley
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enior Vice President & Director of Research at REOC Austin

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Discount European grocery chain eyes Austin area

Discount German grocery chains Aldi Inc. and Lidl Stiftung & Co. KG both have stores planned in the Austin area as they seek to ramp up their share of the U.S. market.

Aldi, which announced June 12 plans to invest $3.4 billion to expand to 2,500 stores nationwide over the next five years, is building a store at 1415 FM 685 in Pflugerville. …Read Entire Post

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Retail Parke hits rental market

TheParkeFor people who never venture up to Cedar Park about 30 minutes north of Austin, they might be surprised to learn that one of the largest retail developments in the area recently opened.

The Parke has added 400,000 sf of shops and restaurants to one of the area’s fastest-growing suburbs. The property is located on a 42-acre parcel on the west side of the US 183A toll Rd. just south of the HEB Center at Cedar Park arena. …Read Entire Post

New supermarket in store for downtown Austin

A mixed-use project planned for Seventh and Trinity streets has carved out 27,109 square feet for a grocery store. That would make it the largest grocery store on the east side of downtown Austin.

Although specifics are sparse, we can speculate about what type of grocery store might occupy the space. One possibility is a 365 store, the new low-price format from Whole Foods Market. The fourth 365 store, which opened in late April in Cedar Park, encompasses 30,000 square feet. …Read Entire Post

With Golfsmith’s demise, Golf Galaxy steps into void

golfsmith_logoAustin-based retailer Golfsmith is history, the victim of bankruptcy, but a number of its former stores have been scooped up by a competitor, Golf Galaxy.

That includes one of Golfsmith’s two Austin locations, at 10001 Research Blvd. in the Arboretum area. Following a remodel and sign swap-outs, it debuted this month, becoming the first Golf Galaxy store in Central Texas.

The other Austin Golfsmith store, at 11000 N. Interstate 35 in North Austin, wasn’t one of the stores acquired by Golf Galaxy. …Read Entire Post

Whole Foods’ new 365 concept set to make Central Texas debut

365_WF_Logo_COLORThe 30,000-square-foot store – the first 365 location in Texas and the first 365 store anywhere to be built from the ground up – is set to open its doors at 9 a.m. Wednesday. It’s in The Parke, a new shopping center at 5001 183A toll road. …Read Entire Post

Pollo Tropical closes 30 more stores

pollo tropicalThe parent company of the Pollo Tropical restaurant chain, Fiesta Restaurant Group, is shuttering 30 locations, including two in the Austin area, as it prepares to relaunch the brand.

Fiesta also owns the Taco Cabana chain of Tex-Mex fast-food restaurants. Five of the Pollo Tropical locations in Texas could be rebranded as Taco Cabana units. …Read Entire Post

$40 million Southwest Austin project planned

M&EAustin-based Stratus Properties Inc. said Wednesday that it has secured financing for the first phase of Lantana Place, a mixed-use project in Southwest Austin that will include a 10-screen dine-in movie theater.

The 38,000-square-foot theater, part of the growing Moviehouse and Eatery chain, is expected to open in the second quarter of 2018. …Read Entire Post

Austin suburb lands new grocery store anchored retail center

oak meadows_georgetownMore retail development is headed to Georgetown, Cypress Equities of Dallas started construction Thursday of the 77,050-square-foot Oak Meadows Marketplace, a shopping center on 11.2 acres at the southwest corner of Williams Drive and Jim Hogg Road that will be anchored by a Randalls. The stores are expected to open in December 2017.

Two additional tenants have been secured for Oak Meadows: Organic Nails & Spa has signed for 2,097 square feet and Natural Pawz, a pet supply and grooming business, has signed for 1,700 square feet. That leaves about 16,000 square feet of retail space up for grabs. …Read Entire Post

Bebe plans to shutter stores, including in Austin area

bebe_logoBebe Stores Inc. is planning to shutter its locations and become an online-centric retailer, according to Bloomberg.

Citing unnamed sources, the report says the Brisbane, California-based women’s retailer is trying to close the stores without filing for bankruptcy. Bloomberg’s sources say, however, that a Chapter 11 filing will be necessary if landlords aren’t willing to negotiate. …Read Entire Post

Plaza Saltillo won final zoning approval from city council

The deal sets a building height limit of 70 feet for the entire project, which sits on about 10 acres along Capital Metro train tracks, but Endeavor could exercise the option to build a 125-foot office building.

Ten acres around the Plaza Saltillo train stop will soon go vertical after a mixed-use project won final zoning approval Thursday. …Read Entire Post