Mixed Use Still Maintains Grip on Development
The trade area for Roanoke Village features developments Circle T Ranch and Alliance as well as Facebook’s new $1 billion data center and TD Ameritrade's Corporate Campus, which drive high daytime population counts.
ROANOKE, TX—The mixed-use category which represents projects with significant retail space, is one of the more active categories in terms of new construction. One of those projects is Roanoke Village, a planned 42,970-square-foot retail- and restaurant-focused center to be at the southeast corner of US 377 (Front Street) and Parish Lane.
The new retail development, a project of New Stream Commercial, is adjacent to downtown Roanoke, which is home to a regional-draw restaurant row of regional and local concepts, and Roanoke Town Center, which features the town’s new city hall. Roanoke Village is also directly across US 377 from a major industrial park that includes distribution centers for FedEx, UPS, Walmart, General Mills, Nestle, Tom Thumb, Firestone and General Motors.
The trade area also features major developments, Circle T Ranch and Alliance, as well as Facebook’s new $1 billion data center and TD Ameritrade’s corporate campus, all of which drive high daytime population counts.
The retail in Roanoke Village is located in two multi-tenant buildings, which are joined by buildings designed for medical use and office space. A four-story SpringHill Suites by Marriott hotel will also open at Roanoke Village in 2020.
Weitzman is pre-leasing the property. Matthew Rosenfeld and Taylor Black with Weitzman are directing leasing efforts for Roanoke Village.
“Roanoke Village is located in the heart of a fast-growing retail, commercial and residential area,” Rosenfeld tells GlobeSt.com. “The center will benefit from the traffic draw of the SpringHill Suites hotel, the adjacent city hall development, and the proximity to North Fort Worth, Argyle, Alliance and other communities in this high-growth area.”
Mixed-use projects surveyed by Weitzman feature retail space of 25,000 or more in a configuration with residential, office, hospitality or entertainment uses.