2008 Economic De ve lopment R e port City of Grand Prairie

City of Grand Prairie
Economic Development Report
2008
Scene from a Prime Retail Outlet Mall similar to one coming to Grand Prairie.
Photo courtesy of Prime Retail
Contents
4-6
8-9
11
Retail Outlet
Industrial Projects
Public Projects
10
Prime’s San Marcos Outlet
7
Uptown Theater,
Grand Central
Park, Adult/
Senior Activity
Center, Police
Station
12-13
Construction
Summary
14-15
Absorption
Summary
Professional baseball comes to
Lone Star Park
Retail Projects
Photo of Uptown
sign
Resort development project: Looking north, Joe Pool Lake Peninsula east of Lake Ridge Pkwy. Current plans
include a 300-room four-star hotel, convention center, spa and golf course.
2
Destination Retail
P
rime Retail announced in October that it will
build 480,000 square feet of high-end, namebrand outlets in Grand Prairie, bringing the city
its first regional retail attraction.
The Census Department this year again found that
Grand Prairie is among the fastest growing cities in
the nation—6th fastest for cities greater than
100,000 population, moving up from 24th the previous year.
Meanwhile, power center Lake Prairie Towne Centre, started last year, added Marshall’s, Ross and
On the Border to its tenant list, which includes SuperTarget, Home Depot, Chili’s, PetCo and 24-Hour
Fitness, among others.
Retail projects got the attention but industrial development continued to be very
strong. CB Richard Ellis/Calwest, Duke Realty and Champion Partners/NAI Huff Partners and Crow Holdings are setting a record pace of industrial construction in Grand
Prairie with close to 6.6 million square feet of speculative and build-to-suit distribution
space. With the addition of these developments, Grand Prairie can host close to 50
million square feet of industrial space.
Several high-impact public projects came to the front in 2007: Voters approved sales
tax financing for a professional baseball park, adult/senior activity center and police
station, and Central Park, a 172-acre super park at SH 161 and Warrior, moved forward.
Permitted construction of all types jumped 82 percent. Absorption of existing space
was highlighted by Ashley Furniture and Pepsi/Quaker expansions and renovation and
pending occupancies by Renaissance Hospital at the former DFW Hospital and by Asia
Times Square tenants at the revamped Wal-Mart at Pioneer and Great Southwest.
3
Retail
●
Outlet mall weds
prime location,
need for retail
Above, artist rendering of what the mall exterior might
look like. Below, Prime Outlets is to build at I20 and SH
360
Center expected to be one of
state's top draws
By JON NIELSEN / The Dallas
Morning News
Oct. 20, 2007
Reprinted with Permission of the
Dallas Morning News
W
hen the City Council
agreed this week to
allow Prime Retail
to build a factory
outlet mall in Grand
Prairie's southern sector, both
parties were as giddy as newlyweds.
"You better be excited about
this because all of you have
wives," Mayor Pro Tem Ruthe
Jackson told her fellow council
members about the new shopping prospects.
The marriage joins Prime Retail's need for an
attractive marketplace for high-end fashion with
Grand Prairie's need for more retail. About 83
4
CONTINUED NEXT PAGE
●
Above, a walkway at a Prime Outlet
percent of the city's property-tax base is residential.
The new outlet mall is expected to attract 3 million to 5 million visitors a year.
Although representatives aren't disclosing which
shops will be in the center, Prime Retail operates
a similar outlet center in San Marcos, Texas.
That center includes luxury stores such as
Neiman Marcus Last Call Clearance Center,
Giancarlo Filartiga described the wooing process, Tommy Bahama and Off 5th Saks Fifth Avenue
which involved studying statistics such as tourOutlet.
ism traffic, residents' income and the access to
major roadways. With the study complete, Mr.
Prime Outlets-Grand Prairie is expected to have
Filartiga, senior vice president of development
between 100 and 120 tenants.
for Prime Retail, said his company found a match
"We're looking for it to be an icon for our comin Grand Prairie.
pany," Mr. Filartiga said of the North Texas loca"There's no mystery in real estate that it's location.
tion," he said. "I don't think you can find a better
The Grand Prairie mall will be similar to that of
site."
Allen Premium Outlets in Collin County.
The 450,000-square-foot center will sprout on
the north side of Interstate 20 east of State High- The main differences, said Paula Rowland, chief
way 360 and west of Great Southwest Parkway. marketing officer for Prime Retail, are the location south of Dallas and the merchants it will atConstruction is expected to begin in the third
quarter of 2008 and be completed by the 2009 tract.
holiday shopping season.
CONTINUED NEXT PAGE
5
Shopping at a Prime Outlet mall
●
CONTINUED FROM PREVIOUS PAGE
She describes the Grand Prairie mall as
"shoppertainment," with a mix of entertainment,
restaurants and retail shops.
"It's a day out, is really what it is," Mrs. Rowland
said. "It's a different experience, and that's what
will set us apart."
Since 2000, Grand Prairie's population has
grown 26 percent, to more than 160,000. The
city's southern sector has experienced most of
that residential growth. Retailers have since
caught on with development of a Super Target
and a Home Depot along Highway 360.
The mall is expected to add about 500 jobs and
to boost the city's sales- and property-tax revenues as much as $4 million per year.
"It's a very important piece to sales-tax growth in
that part of the city," said Bob O'Neal, the city's
economic development director. "We're glad to
get it, and we're glad to get it from such a great
high-end quality center."
The mall will also serve as another attraction for
the city, which already boasts Nokia Theater,
Lone Star Park, a soon-to-be-completed minor
league ballpark and Joe Pool Lake.
In a 2006 mail survey commissioned by the governor's office, Texas travelers rated the San MarThe mall will become part of southern Grand
cos outlet center as the state's top attraction,
Prairie's retail nucleus, helping to balance out
beating out San Antonio's River Walk, the Alamo
the residential boom and spur new retail develand the state Capitol. Grand Prairie city leaders
opment, said Prime Retail's executive vice president of development, Bruce Zalaznick. The site is see the same potential for their outlet mall.
already bounded by a Harley-Davidson dealer
"We'll actually have a great destination place for
and Garden Ridge.
Grand Prairie that is wildly popular in other areas
of the country," Mr. O'Neal said. "It's a walking,
"It will allow people to linger longer, which is alshopping experience, and I think it's a unique
ways our goal," Mr. Zalaznick said.
experience that people are going to enjoy."
6
●
Other prime
spots: 100s of
vacant acres (blue
shaded) near the
future Prime Outlets.
Retail Project Updates
●
Fact sheet: $13 million renovation of 109,000-square-foot
Open: SuperTarget, Home Depot, On the Border, Chili’s, Mat- former Wal-Mart at the southwest corner of Pioneer and S.
tressFirm, FedEx Kinkos, Elite
Great Southwest. The ex-WalSpa & Nails, Quiznos Sub, InMart now has an indoor mall
stinktive Hair Couture, Dollar
concept, with walkways borTree, Dental One, Le’s Vision
dered by retail and service esEye Care Center, Sally Beauty
Supply, Wells Fargo. Juice It Up, tablishments. Grocery store
Hong
Chase Bank ,PETCO Animal
Kong
Supplies, 24-Hour Fitness, FaMarket
mous Footwear, Marshall’s,
includes
Clear Vision, Ross Dress for
a wide
Less, SuperCuts
selection of live fish. Bistro B
Under construction: McDonfeatures an authentic Vietnamald’s, Chick-Fil-A
ese cuisine full-service restauFact sheet: 532,000 squarerant and a stand-alone take-out
foot power center at the south- section. Bistro B has locations
east corner of SH 360 and
in California, Houston and DalCamp Wisdom. About 45,000
las. Browse the menu:
square feet remains to be built. www.bistrobusa.com.
Lake Prairie Towne Crossing
Asia Times Square
Open: City Bank-Grand Prairie,
Hong Kong Marketplace, Hong
Kong Bakery, Che Hong Kong,
Taste of Korea, Bistro B others
7
Camp Wisdom Business Park
Open: Starbucks, Jiffy Lube,
Wine Styles, T Mobile, Jamba
Juice
Under construction: Wachovia
Bank
Fact sheet: 35,000 square-foot
strip center across from Lake
Prairie Towne Crossing. Specialty store Wine Styles organizes selections and offers its
expertise. See winestyles.net
Lake Ridge Village
Open: Kwik Clean Super Center,
Beauty Concepts Salon, Little
Caesars, Dry Clean Supercenter, Extreme Martial Arts, Lake
Park Dental
Fact sheet: Two strip centers
totaling about 40,000 square
feet at the northwest corner of
Camp Wisdom and Lake Ridge
Parkway - an 18,250-squarefoot retail strip center facing
Lake Ridge and a 20,000square foot retail strip center
facing Camp Wisdom.
Industrial Construction
F
ive new distribution centers with construction under way could add close 6.6 million square
feet by the end of 2008. All that construction, depending on the appraisal district’s recorded
year of finish, would surpass the city’s biggest year of industrial building, 1981, when 3.5 million
Under Way
602,940
1,060,000
600,050
680,376
82,841
3,026,207
SH 161 Distribution Center
Grand Lakes
Crosspoint
Logistics Crossing*
Crow Holdings
Jason's Deli Distribution
Future
897,060
390,000
127,950
680,376
305,000
2,400,386
Completed
750,000
72,000
330,000
1,152,000
Total
1,500,000
2,200,000
800,000
1,690,752
305,000
82,841
6,578,593
* Logistics Crossing "completed" is a renovation
square feet were added.
•
CB Richard Ellis/Calwest started 602,940 square feet of its 1.45-million-square-foot SH 161
distribution center.
•
Duke Realty stepped to the second phase of its Grand Lakes distribution center with a 1 million
square foot project that followed completion and leasing of 750,000 square feet in the first
phase last year. Building 1 was occupied by RoomStore and Service Craft Logistics in 2006.
•
Duke secured a 206,725-square-foot Coca Cola Co. expansion within Grand Prairie to springboard construction of 600,000 square feet at Duke’s Crosspoint distribution center in north
Grand Prairie, Shady Grove at Roy Orr Blvd.
•
Champion Partners/NAI Huff Partners have permitted construction on Building 1 of Logistics
Crossing, 680,376 square feet at the northeast corner of S. Great Southwest and Pioneer Parkway. A second 680,376 square foot building is expected at a later date.
•
Crow Holdings is planning 305,000 square feet along the Trinity Boulevard extension, completed last year to give transportation options to and from N. Highway 360.
•
I-20 Partners is building an 82,841-square-foot distribution hub for sandwich restaurant Jason’s Deli. From the I20 site, Jason’s will truck supplies to 22 states (Dallas Business Journal).
Industrial Type Building Construction by Year Built
Cold Storage, Distribution Warehouse, Heavy Industrial, Light Industrial, Office/Showroom,
Shipping Dock/Truck Terminal, Storage Warehouse, Technical - DCAD, Grand Prairie
Economic Development (2007-08)
8
2008
2006
2004
2002
2000
1998
1996
1994
1992
1990
1988
1986
1984
1982
1980
1978
1976
1974
1972
1970
1968
1966
1964
1962
1960
1958
1956
1954
1952
1950
SqFt
4,500,000
4,000,000
3,500,000
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0
LOGISTICS CROSSING I
• Dual Track Union Pacific Rail
Service
• 174 Trailer Spots with and additional 260
• available
• 470’ Deep Cross Dock Design
• 185’ Truck Court
• 32’ Clear
• 52’ Bay Spacing
• 60’ Staging Areas
Primary Type: Industrial
• Available: 603,354 sf
• Divisible to: 100,000 sf
• Maximum contiguous: 603,500 sf
• Building size: 603,354 sf
Property Description
• Pad ready. ESFR, Target Office
Finish-2.5-5%
9
•
•
•
•
•
•
•
•
•
•
•
ESFR Sprinkler
Side Lights and Sky Lights
Great Highway Access
Pro-Business Environment
Triple Freeport
5 yr, 50% tax abatement from
the City of Grand Prairie
Foreign Trade Zone Status Availability
46'x50' bay spacing
185' exclusive truck court
171 additional trailer positions
cross-dock configuration
Location Description
• Pioneer Parkway & future SH 161
with immediate access
• triple freeport tax exemption
CROSSPOINT III
• 393,375 SF bulk warehouse facility
• 186,650 SF available
• Divisible to 100,000 SF
• 32' clear height
• 50' x 50' typical column
spacing, 60' staging bays
• 78 dock doors, 3 dive-in
doors
• 49 trailer storage spaces
•
•
•
•
•
available
ESFR sprinkler system
Excellent access to SH
360, I-30, SH 183
Minutes from DFW International Airport
Triple Freeport inventory
tax exempt status
Real property tax abatements, Enterprise Zone
CROSSPOINT II
• 206,675 SF distribution
facility
• Divisible to 50,000 SF
• 28' clear height
• 50' x 50' typical column
spacing, 60' staging bays
• 57 dock doors, 3 drive in
doors
• 15 trailer storage spaces
• 224 parking spaces
•
•
GRAND LAKES II
• 1,060,075 SF available
• Divisible to 250,000 SF
•
ESFR sprinkler system
•
•
32' clear height
•
•
141 trailer storage spaces
available
50' x 50' typical column
spacing
Building can be rail served
by Union Pacific Railroad
Excellent access to I-30, I35, SH 360 and Loop 12
Triple Freeport inventory
tax exempt status, TIF
District
•
•
•
•
•
ESFR sprinkler system
Excellent access to SH
360, I-30 & SH 183
Minutes from DFW International Airport
Triple Freeport inventory
tax exempt status
Real property tax abatements, Enterprise Zone
Lone Star Park
Nokia Theatre
●
Professional Baseball Joins
the Scene at Lone Star Park
R
esidents rallied behind a proposal to
add baseball to the Lone Star Park
scene, approving in May a one-eighthcent sales tax to finance a new stadium, named QuikTrip Stadium, as the Lone Star
Park halfcent sales
tax was
retired this
fall, 18
years early.
Architectural themes are to pay tribute to Grand
Prairie’s aerospace industry. An open naming
competition crowned the team the AirHogs.
The ballpark will be the site of such special
events as rodeos, concerts and high school and
college baseball tournaments, attracting about
300,000 people a year including the pro baseball game attendance. The stadium operation
will add about 200 seasonal jobs (AirHogs website).
10
4,000 permanent seats, 12 luxury suites and 2,000
lawn/berm seats , a kids’ zone and full service restaurant are among the features of the ballpark, which is
under construction between Lone Star Park and Nokia
Theater. Former Texas Ranger outfielder Pete Incaviglia was named team field manager.
Features of the park include walking trails, sand
volleyball courts, miniature golf course, a “Wiffle
Ball” stadium, a kids zone, a grill and cigar bar, a
swimming pool at a pool zone overlooking the
field, a full-service restaurant, and numerous
food and beverage areas.
Construction began this summer on the facility,
located between Lone Star Park and Nokia Theatre. The AirHogs ballpark is expected to be complete by the start of the 2008 season, which is
from May through August, with 48 home games.
The stadium is to have 4,000 permanent seats,
12 luxury suites and 2,000 lawn-berm seats.
Public Projects
11
•
“Grand” Central Park. A 172-acre "Central Park," depicted below, between the
new SH 161 and Great Southwest Parkway on Warrior Trail, described by the
Parks Department as the Grand Park for Grand Prairie. The park is to include an
expansive lawn, landscaping, art, trails and water features visible to motorists
traveling the new SH
161. The site includes a 6.1-acre
pad for commercial
development.
•
Police center. Relocating from Conover
Drive at S. Carrier
Pkwy. Voters in May
approved a quartercent sales tax to
build the facility. The
130,000-square-foot
site will be located
along the new SH
161 at Warrior Trail
in Central Park, formerly Veterans Park.
•
Active Adult/Senior Center. Also moving from its current location on Conover to
the new Central Park at SH 161 and Warrior. Voters approved in May a one-eighth
cent sales tax to build the Center.
•
Uptown Theater. The city purchased and is restoring the historic Uptown Theater and two adjacent spaces on Main Street between Center and 2nd Streets. The 1950s era theater will host performing arts
and serve as home of the Arts Council. Debut, Fall 2008.
•
The Plaza. A place on Main between Center and 2nd for farmers’
product sales and other activities.
•
Dallas County Government Branch building. Purchase and renovation of the former Safeway store on Church between 2nd and Center for a county branch office.
•
Dallas County Health Care Branch Clinic. Dallas County’s Parkland Hospital, working with the city, is planning to open a branch clinic in Grand Prairie.
Construction Summary
●
Permitted new construction square feet jumped 93 percent in 2007 to 4.2 million square feet, 2
million square feet more than in 2006. Added value is about $181 million, a 76 percent increase.
Jobs related to the new construction in 2007 are about 1600, compared with 1500 in 2006.
The bulk of the increase in 2007, 3.1 million square feet, came from large spec distribution building construction. These projects include Champion Partners’ and NAI Huff Partners’ Logistics Crossing I, CB Richard Ellis/Calwest’s SH 161 Distribution Center, Duke Realty’s Crosspoint, Duke Realty’s Grand Lakes and the Jason’s Deli’s distribution center at I20 near the SH 161 intersection.
Construction began on Grand Prairie AirHogs baseball park, including the AirHogs sports bar near
Lone Star Park, as the team pushed to open by the start of the season in 2008.
Lake Prairie Towne Crossing, a 532,000-square-foot power center at Camp Wisdom and SH 360
started in 2006, is close to 90 percent complete and occupied.
12
Construction
TYPE
Commercial New Shell > 2500 SF
Commercial Remodel and Addition
Commercial New Construction > 2,500 SF
Commercial New Construction 1-2,500 SF
Commercial Addition
2006
VALUE
SQFT
$ 33,058,736
1,215,795
$
7,513,181
125,277
$ 61,745,757
849,378
$
693,144
4,252
$
$ 103,010,818
2,194,702
2007
VALUE
SQFT
$ 83,554,063
3,100,273
$ 16,675,592
174,939
$ 71,118,124
890,359
$
926,191
7,470
$
8,900,000
67,330
$ 181,173,970
4,240,371
●
Future Construction
Projects on the way total about 3.5 million square feet, 2000 jobs and $124 million in value.
•
Lake Prairie Towne Crossing. About 45,000 square feet remains to be built at the 532,000square-foot shopping center, SH 360 at Camp Wisdom. Estimated 50 jobs and $1.8 million
value.
•
Duke Realty’s Grand Lakes, another 250,000 square feet, I30 east of MacArthur Boulevard. Projected total square feet, 2.2 million. Estimated future impact: 75 jobs and $8.75 million value.
•
Logistics Crossing II. About 680,376 square feet of speculative warehouse space at the northeast section of Pioneer and S. Great Southwest is planned. A permit application has been filed for
680,376 square feet of the 1.4 million project. Estimated future impact: 220 jobs, $20.4 million
value.
•
CB Richard Ellis/Calwest. SH 161 Distribution Center, SH 161 and Pioneer Pkwy. About 900,000
square feet is planned on the 1.5 million square foot project. Construction began on Building 1 of
the warehouse/distribution center at Pioneer and Robinson. Estimated future impact: 300 jobs,
$26.9 million value.
•
ProLogis Trinity Boulevard. ProLogis is planning to build on about 34 acres east of the LaGasse
warehouse, on the north side of Trinity Blvd. Estimated future impact: 500,000 square feet,
$17.5 million value and 100 jobs.
•
Sowell Properties Frontage. The Sowell property comprises about 62 acres fronting I30, backed
by Duke Realty’s Grand Lakes and west of MacArthur. Estimated future impact of the total site
(all 62 acres): 700,000 square feet, $36 million value, 1000 jobs.
•
Mira Lagos/Hanover Partners Retail plans a 105,000-square-foot shopping center at Lake Ridge
Pkwy. and England Pkwy. Estimated future impact: 150 jobs and $4 million value.
•
Crow Holdings is planning 305,000 square feet of distribution space at the Trinity Boulevard extension, Trinity Overlook at GSW, west side of Roy Orr. Estimated future impact: 150 jobs and $9
million value. Crow also is planning 660,000 square feet of distribution space at the Grand Lakes
industrial park, south of I-30 and east of MacArthur. Estimated future impact: 100 jobs and $26
million value.
•
Atlantic Health Group purchased the former DFW Medical Center and has plans to be open
around Spring 2009 after completing financing and renovations.
13
Construction
Absorption Summary
●
Absorption of existing space was highlighted by Ashley Furniture and Pepsi/Quaker expansions and
by renovation and occupancies by Renaissance Hospital at the former DFW Hospital and by Asia
Times Square tenants at the revamped Wal-Mart at Pioneer and Great Southwest parkways.
Ashley added more than 200,000 square feet. Pepsi/Quaker added about 190,000 square feet.
Renaissance Hospital-Grand Prairie (240,000 square feet and 600 jobs) plans to open in mid2008, and Asia Times Square tenants began to open in October 2007 (109,000 square feet and
210 jobs).
Komplete Packaging, one of the largest contract packaging companies in the south, purchased and
occupied a vacant 100,000-square-foot warehouse on Pacific Avenue in the central-east area.
Citywide, square feet absorbed in 2007 totaled 2.5 million, compared with 3.3 million in 2006.
Jobs added by companies locating here in 2007 totaled 1900, compared with 2200 in 2006. Interior finish-out value increased in 2007, from $5.2 million in 2006 to $11 million in 2007.
Lake Prairie Towne Crossing Shopping Centre reached close to 90 percent occupancy in 2007. New
tenants joining anchors SuperTarget and Home Depot include Chili’s, On the Border, PETCO Animal
Supplies and 24-Hour Fitness.
Lake Prairie Towne Crossing Shopping Centre
●
Super Target
SQFT
177,851
Home Depot
Chili's
On the Border
PETCO
Wells Fargo Bank
24 Hour Fitness
Famous Footwear
Ross
141,038
5,811
5,008
15,257
5,000
30,000
7,004
29,204
TENANTS
Marshalls
McDonald's
Chik-Fil-A
Dollar Tree
Juice It Up
Chase Bank
Dr. Le's Vision Eyecare
Dental One
MattressFirm
Instinktive Hair Couture
Quiznos
Sally's Beauty Supply
Elite Spa and Nails
Fed Ex Kinkos
14
30,000
5,356
4,227
10,000
1,167
4,282
2,070
2,454
3,810
1,300
1,444
1,600
2,000
1,650
Absorption
Absorptions
●
15
Absorption
Mayor and City Council
Mayor Charles England
Ruthe Jackson, At Large, Mayor Pro Tem
Rick Sala, At Large, District 8
Ron Jensen, District 6
Tony Shotwell, District 5
Richard Fregoe, District 4
Jim Swafford, District 2
Mark Hepworth, District 1
Bill Thorn, District 3
City Manager’s Office
Economic Development
Tom Hart, City Manager
Bob O’Neal, Director
Anna Doll, Deputy City Manager
Terry Jones, Business Manager
Tom Cox, Deputy City Manager
Rita Heep, Retail Manager
Terry Tate, Business Analyst
City of Grand Prairie
Economic Development
317 College St.
Grand Prairie, TX 75050