The Shops at Willow Bend, which opened in 2001 and was the last traditional enclosed mall to open in Texas, has struggled to fill its corridors since it was...
The Shops at Willow Bend, which opened in 2001, has struggled to fill its corridors since it was built.The Shops at Willow Bend’s new owners are preparing redevelopment plans to submit to the city of Plano in a few weeks.with investors Dallas-based Cawley Partners and New York-based Waterfall Asset Management.
The company wants to reduce the retail space and add residential and a hotel. The mall, which opened in 2001 and was the last traditional enclosed mall to open in Texas, has struggled to fill its 1.4 million square feet since it was built. The mall sits on a 107-acre site on the northwest corner of the Dallas North Tollway and West Park Boulevard. There’s room to add apartments and other buildings.Undeveloped land and surface parking has been sitting empty around the mall. The property has a total of 4,200 parking, spaces including in three existing parking garages that are expensive to build today.
Centennial is in “active negotiations” with more than one dine-in movie theater operator to take over Willow Bend’s theater, Livingston said.She declined to identify what companies are interested in the theater and the hotel.
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