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What Becomes of Fort Worth’s Barnes & Nobles?

WASHINGTON DC 08.16.2017

ALEXANDRIA STATE OF THE MARKET

The Premier Event on Alexandria's CRE Market

AJ Jackson -- EYA
Austin Flajser -- Carr Hospitality/Carr City Centers
Nina Albert -- Washington Metropolitan Area Transit Authority (WMATA)
What Becomes of Fort Worth’s  Barnes & Nobles?

Well-located big box vacancies are growing increasingly scarce, so there’s speculation about what could happen to the two Barnes & Noble stores closing in Fort Worth in University Park Village and Sundance Square. (The answer is probably in a book in the Barnes & Noble adaptive reuse section. But we'll keep looking in romance.) The Weitzman Group managing director Bob Young tells us the recent completion of Sundance Square’s expansion and revitalization makes that Barnes & Noble space ideal for repurpose, especially on the first level; it's ideal for restaurants or other concepts that've been unable to locate in the (basically) full submarket, Bob says.

What Becomes of Fort Worth’s  Barnes & Nobles?

In Sundance Square, Bob says the market could see something similar to what occurred with the former Borders in West Village, with two restaurant concepts taking advantage of the residential, retail, and office space traffic. As for the University Park Village location, this one may be best suited to a single user. We may see this stretch of University, which benefits from its location adjacent to the Arts District, the zoo, and other attractions, Bob says, become as densely retailed as West 7th.