22 September . 2017
Kroger leads new wave of retail coming near Hollyhock
The new Kroger grocery store at the northeast corner of Highway 380 and FM 423 is the tip of the iceberg when it comes to the new shopping, dining and entertainment choices that Hollyhock residents can expect to see over the coming months.
Hollyhock sits at the southeastern edge of Windsong Marketplace, a mixed-use development that includes all four corners of the Highway 380 and FM 423 intersection. The development is projected to include more than 600,000 square feet of retail space on 250 acres when completed.
Dallas-based United Commercial Development has assembled the land on all four of the corners over the past few years, according to Ryan Turner, associate at Davidson-Bogel Real Estate.
“Kroger opened in August, along with several restaurants, and Home Depot and Walmart should start construction of their stores in 2018,” said Turner, whose company is marketing retail space at the southwest corner of Windsong Marketplace. “Over the next six months, there should be a wave of major retailers, restaurants and smaller tenants opening at the intersection.”
Additional confirmed tenants include Fuzzy’s Taco Shop, Papa John’s, Nails & Beyond, Great Clips, Chase Bank and Jack in the Box. More tenants are currently negotiating leases and will be announced soon.
Turner said the southwest corner of Windsong Marketplace will include a major dine-in movie theater chain as an anchor tenant, with an opening planned for 2018. This quadrant also includes a site owned by CVS, which should begin construction in 2018.
Turner foresees a bright and active future for Windsong Marketplace, especially now that construction is finishing up on FM 423.
“This intersection is being substantially enhanced by the improvement of FM 423 as a divided four-lane highway connecting to FM 1385,” he said. “We’ve seen traffic counts steadily increase along Highway 380, from about 30,000 cars a day just a couple of years ago, to up to 60,000 cars a day now. FM 423 carries roughly 20,000 cars per day at two lanes, which will increase with its expansion and eventual connection to FM 1385.”
Turner said the development is immediately surrounded by thousands of proposed new homesites for single-family homes, including about 800 homes planned for Hollyhock.
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