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From Home Furnishing Business
NFM Texas Site Magnet for Developers
January 28,
2014 by in Furniture Retailing, Industry
As work continues on the Nebraska Furniture Mart store north of Dallas, developers in the area are clamoring for property near the 433-acre development.
Nebraska Furniture Mart hasn't announced the names of any retailers planning to lease space in its massive 433-acre development north of Dallas, but at least two competitors already have purchased property nearby and are planning to open their own furniture and bedding showrooms.
And area real estate experts say the project has proved to be a magnet for other developers, too.
“Several hotels have purchased sites along the frontage roads ... dozens of restaurants are competing for pads and space in existing and proposed new developments. ... Kroger has a new [grocery] store planned ... and at least two movie theaters are vying for locations along this corridor. Almost every available tract of land is in play with either developers or investors,” John Zikos, a partner at Venture Commercial Real Estate in Dallas, wrote in a blog post.
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Source: Omaha World-Herald