Elizabeth Roland Realtor

Come see me today from 1-4 in Allen. 1844 Wood Duck. Listing courtesy of fellow agent Bev Pruitt.

https://portal.onehome.com/en-US/share/1143772o58928

check out this listing from Drew Burgess fellow Keller Williams agent.

Come see us on Sunday from 1-4 Not Your Mother's Realtors Listing courtesy of Pam Heinrich.

Open House Sunday 10-15 From 1-3

08_OH_IG Desygner.com

https://viewer.webrand.com/qE3erIIQi12/

08_OH_IG Desygner.com

https://portal.onehome.com/en-US/share/1063397m12562

OneHome™ Make your dream home happen with OneHome™. Browse properties, find rates on mortgages and insurance, and collaborate with your real estate agent in one place.

https://lm.facebook.com/l.php?u=https://www.wfaa.com/article/news/local/mini-hollywood-texas-mansfield-building-72-acre-studio-development/287-0c01ff28-70e7-4ba6-b9ce-3513eaaf6730?fbclid%3DIwAR2wyL58OVRz8kCo74Ec3KOa4azBivH0FGs4tRhN3lBGkr2iUuxzbemnTAA&h=AT1oLo4MrgzEUPhIxse01dKxoZaKCTeok-huHkLI_L0pj0uqUl5m0y8O1hzpJCOWAmkIUPWGGWgwjIBm5PDai28WDRH_XMisjZYXmci-nzCusk0tQMnmJUjAiiOd&s=1&mibextid=ncKXMA

A mini Hollywood in Texas? This DFW city is building a 72-acre studio development The project, which has a starting cost of $70 million dollars, will have “clusters” with sound stages and mill spaces, hotels, restaurants, coffee shops and retail.

Property in Frisco just got more interesting. Contact me.

New “kid-friendly” theme park coming to City of Frisco TX, via Universal Parks & Resorts. More from NBC DFW: https://www.nbcdfw.com/news/business/universal-theme-park-resort-hotel-coming-to-frisco/3167638/

Looking to move to the top-rated school district in North Texas? I live and work in the Lovejoy ISD area. Let me help you find your next home.

Straight A's: Here are the top-rated school districts in North Texas The Texas Education Agency handed out school and district grades for the first time since 2019.

Open House Day!
Heritage Ranch
Fairview, Tx
336 Wrangler Dr

Come see me this Sunday August 14, 2-4pm at 336 Wrangler Drive in Heritage Ranch.

www.listreports.com

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Check out this open house on Sunday in Heritage Ranch in Fairview. 55+ Community

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Open House Saturday 1-3 May 21

4367 Lake Shore Drive, McKinney, TX 75071 $869,000 | 6 Beds 3 Baths - Stunning 6 bedroom family home on an Acre lot with a Pool! Inside enjoy the private study, warm natural light, and coveted hand-scraped hardwood floors in common places. The kitchen’s oversized island, Bosch appliances, gas cooktop, and rich cabinetry will inspire the f...

https://www.facebook.com/107398150147/posts/10160042129610148/?d=n

Highland Park Village co-owner Ray Washburne buys Allen’s Watters Creek
Immediate changes will include new landscaping, and discussions are already underway with potential stores and restaurants, Washburne said.
Ray Washburne, co-owner of Highland Park Village, has purchased Allen’s Watters Creek shopping center, saying he wants to make it the “Knox Street of the North.”
Washburne’s Charter Holdings is buying the property with DuWest Realty of Dallas. The purchase price wasn’t disclosed. Watters Creek, a 52-acre landscaped mixed-use property with a running creek, was a $200 million project when it was built in 2008. The property was sold by PCCP, a California real estate investors group.
The purchase includes 357,000 square feet of retail and restaurant space and 97,000 square feet of office space. The center’s 342 apartments, some located above the street-level retail, are not included in the sale. DuWest will take over leasing and management from Fort Worth-based Trademark Property Co, which also developed the property and had a partnership stake with PCCP.
Immediate changes will include new landscaping, and discussions are already underway with potential stores and restaurants, Washburne said.
“I have a bias towards locally owned restaurants, and I want to reorient the shopping center’s fashion retail with more brands like its Anthropologie and Sephora,” Washburne said. “The Kendra Scott store does very well there.”
Warby Parker is planning a store there, according to planning documents filed with the state.
“I’m going to try to turn it into the Knox Street of the North,” Washburne said.
“People don’t necessarily want to drive all the way down here to Dallas,” he said, but they do want more of “a local touch, with local one-off restaurants that create more of an atmosphere.”
Knox Street has become more of a shopping and eating destination in recent years, attracting new retail concepts while longtime property owners, including the family that owns Weir’s Furniture and RH Gallery, have built new stores and restaurants.
Washburne is buying Watters Creek separately from his family’s Highland Park Village Partners. The owners of about 70% of the Knox Street real estate hired Highland Park Village Partners in 2020 to help lease, market and manage their properties.
More than 20 miles north, Watters Creek is well-entrenched as the “dominant lifestyle shopping and dining center in the North Central trade area,” said Terry Montesi, Trademark’s CEO. “When we opened in 2008, we had a lot of competition from the Village at Fairview, and over time Watters Creek has emerged as the winner. With the momentum it has and the care it will be getting, it will only be strengthened.”
Sales and traffic this year have increased significantly versus 2019 and 2021 and with leases that are in the pipeline, it’s a good time to buy Watters Creek, Montesi said. Timing is also good for sellers because the value of strong retail properties has only gone up in the past year, he said.
Watters Creek is on the west side of U.S. 75 at Bethany Lane in Allen and has an upscale ambiance in an area that’s become a shopping destination for the fast-growing northern suburbs in Collin and Denton counties. The shopping center is at the southern end of a 3.5-mile stretch up to the intersection of U.S. 75 and Stacy Road. That intersection has Allen Premium Outlets on the west side and the big box-anchored Village of Fairview and Village at Allen straddling Stacy to the east.
Daniel Bowman, executive director of Allen Economic Development Corp., said Washburne understands the importance of the center to the city.
“He’s someone who lives in the area and isn’t just owning an asset,” Bowman said. “Watters Creek is our premier mixed-use development ... serves like a downtown where our community gathers.”
The city has invested in the area. Development north of the shopping center includes Allen’s $91 million, 90,000 square foot convention center and a 300-room Marriott Hotel that opened in 2019.
In the past three years, 600,000 square feet of office and 2,000 apartments have been built in the Watters Creek district, Washburn said. He knows firsthand how population growth, particularly daytime population from the office tenants, has strengthened Watters Creek.
Another Washburne company, M Crowd Restaurant Group’s Mi Cocina, is one of the original four restaurants at Watters Creek with Brio Tuscan Grille, P.F. Chang’s and Cheesecake Factory.
The shopping center is anchored by a Market Street grocery store facing Bethany Lane. It has only one other big box store, a Michaels Arts & Crafts store. The rest of the property is smaller shops on a street that meanders around a park and connects to the city’s trail system. Watters Creek has strong night and weekend traffic and a growing daytime population, Bowman said.
Watters Creek has about a dozen vacant retail spaces ranging from 700 to 8,500 square feet. According to Trademark’s leasing documents, the property gets 3.2 million visitors a year.
“Watters Creek is far enough to attract a lot of cool retailers that are at Legacy West in Plano and NorthPark Center in Dallas,” he said. “Online retailers have realized that brick-and-mortar is important to them.”
The market has not been building new centers in recent years. Last year, Dallas-Fort Worth added only 640,000 square feet of new retail construction, marking the first time that number fell below 1 million square feet since 1990, according to Weitzman’s annual retail real estate report.
Weitzman’s annual retail real estate report.
As retailers expanding their online businesses settle on a smaller number of stores in each market, Washburne believes that Watters Creek is one of a handful of properties that will be “the final mile for a lot of retailers.” He used Gap as an example: At one time it had more than 20 stores in Dallas-Fort Worth, and it now has half that.
Washburne and family members purchased Highland Park Village for $170 million during the depths of the Great Recession in 2009. That center’s mix of tenants makes it one of the top luxury centers in the U.S.
Landscaping, walkways and parking were one of the first changes he made there, too.
“Come visit and walk Watters Creek in six months, and you’ll understand what I’m talking about,” he said.