August 10, 2015
Boyle to Develop Shopping Center In Dallas Suburb
|Boyle Investment Company will develop a 365,000 –square-foot
shopping center in the north Dallas suburb of Plano, Texas.
|–Plano Shopping Center-|
|Boyle Investment Company will develop a 365,000-square-foot shopping center in the north Dallas suburb of Plano, Texas.
The 31-acre parcel is located at the intersection of Preston Road and F.M. 544 (Park Boulevard) in one of Dallas’ most desirable suburbs, which is dotted with country clubs and upscale housing developments. “Our shopping center will be constructed at one of the most prominent commercial intersections in Dallas, with retail developments, which are each 100 percent leased, on the other three corners,” said Steve Bowie, vice president of retail developments at Boyle.
The shopping center is a joint venture with Wirt Davis II, of Dallas, whose family has owned the property since 1929. Memphis businessman Milton Schaeffer and George Allen, Mr. Schaeffer’s associate in Dallas, also are participating in the joint venture. Mr. Schaeffer has been involved in other joint ventures with Boyle, including The Village Shops of Forest Hill.
The shopping center, which will be called Preston Shepard Place, will consist of eight anchor tenants and approximately 55,000 square feet of specialty stores. Tenants will include Stein Mart, Borders Books & Music, Marshall’s, MJ Design, Office Depot and Baby Superstore.
“It’s a great location in terms of demographics and market demand,” said Bowie. Bowie added that competition for control of the site was intense.
The Plano shopping center will represent Boyle’s first retail venture outside the Mid-South in many years. “This project will provide us with a great presence in the dynamic Dallas market. We believe this entry will make additional retail opportunities in Dallas available to us,” Bowie stated.
Boyle anticipates construction of the open-air shopping center will begin in late fall 1994 with occupancy set for spring 1995.