North Texas Shopping Mall In for a Makeover

A 14-year-old shopping center in Plano, Texas, is poised to undergo a complete transformation.

By Ioana Neamt, Associate Editor

The Shops at Willow Bend
The Shops at Willow Bend

Starwood Retail Partners, a subsidiary of Chicago-based Starwood Capital Group, has revealed plans to revitalize a North Texas retail center to meet the demands of the area’s growing population.

Starwood bought The Shops at Willow Bend back in October 2014. The transaction was part of a larger seven-property portfolio acquisition valued at more than $1.4 billion.

Plans now call for a $100 million redevelopment effort meant to pump new life into the dated space. The redesign project will include the addition of a new main entrance facing the Dallas North Tollway, and the replacement of a 125,000-square-foot vacant building with a modern structure. The property located at 6121 W. Park Blvd. will also include a new, contemporary office and hotel tower.

“Throughout the country, consumers are looking for conveniences in one space and we’re seeing the same need for those synergies in Plano,” Scott Wolstein, CEO of SRP, said in a statement. “Plano deserves a better, more accessible option from the tollway and its new ‘front door’ will be just the start.”

The Shops at Willow Bend is situated at the intersection of West Park Boulevard and the Dallas North Tollway, and is home to more than 100 retailers including Apple Store, Macy’s, Dillard’s, Crate & Barrel, and Neiman Marcus. The center was developed and originally managed by Taubman Centers Inc.

Starwood expects construction on the redevelopment to start in early 2016, with completion scheduled in 3-5 years.

Rendering courtesy of Starwood Retail Partners