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The new owners of The Shops at Willow Blend are planning a $100M makeover to help the shopping center reach its potential.
Starwood Retail Partners purchased the shopping center from Taubman Centers Inc. last year. The company plans several major additions, including a Class-A office building, a hotel and an entertainment district with up to eight restaurants. Starwood is working through plans for another anchor fashion store and residences, the Dallas Morning News reports.
With plenty of new development on the boards and an expected strong holiday sales season, you could say retail is in the midst of a comeback. Starwood hopes that the planned changes will lead to a bright future for Willow Bend. The project will begin early next year with total completion expected in 2019. [DMN]
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