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Vista Ridge Retail-CS080226
(121812009) Ken Griffin -Coppell Crossroads From: "Robert Dorazil" <rdorazil@ucdcorp.com> To: <kgriffin@ci.coppell.tx.us> CC: "David Dunning" <ddunning@ucdcorp.com>, "Mike Clark" <mclark@winkelmann.... Date: 2/26/2008 6:42 PM Subject: Coppell Crossroads Attachments: MARKET STREET ARTICLE - DMN 2-24-08.pdf Hello Ken: Itwas nice speaking to you this morning. The person at City of Lewisville who has been involved with the traffic light is Kevin Nims, Traffic Engineer, and their main number is (972) 219-3400. I also attached a copy of the Market Street article from the Dallas Morning News this past Sunday. Thank you foryour help and let me know how I can assist on the Interlocal agreement regarding the traffic light. Sincerely, ROBERT V. DORAZIL CHIEF OPERATING OFFICER UNITED COMMERCIAL DEVELOPMENT 7001 PRESTON ROAD SUITE 500 DALLAS, TEXAS 75205 (214) 224-4644 OFFICE (214) 224-4645 FAX Page 1 (214) 533-5225 MOBILE __ _ - -- -- By 11R~ f~LTi;:i~,S ~r~° stores harp one thine in ccr~naman: panic-themedtv`~~~alstnres. l~e~~lnpers and real e5ta#~ brol~rs ~ Strifl~4ti'r~ter R'hile dal-Mart ~,~ IarrtiSing biter 1:n`~aelastfewyea~~s,Tar~et~xarp.ha;~ sayt#~ey'veraaa~c~upcnthelastufpapu- "'I'~~ki~s~a:c~n1l~nesvs.c°~rr, chainSr~thebetrt~~tllaaCtlefrarNrarkh'~e~- built more Super'I'aits, and ~~laole lar ptrrspt~tive: tenants. xlnd th~'tie 14iarket Strut is a colrassal t~vo-stot~~ a~s, :Market. Street ~~td Spt~uts not anl~~ 1'cxxls and 1--1;-B'y Central YM'iarkets turned ~trous shappers;r~tn cunti~rt.~. supertrtarket that mergers rarganic:, gour- entered the fr~.y; the~~~~e faurad `~Ireir have accelc:ratcd their er•p;itars. all l~fe}rers Studies i°etail cornparics tatet asad rc~;atlar ~a'ot~eries under rfrae nic°heand areexltanding. Oven ~~dr ~1[ that, `~~~ reto~rtized for a lti~ing as a senior vice president at roof. Hun h}~ a ~? y~~~r-olcl fisr~vlg~- ThelatcStntarketsharefigur~;~5slao~v d~cre~a~s~aw~ndo~~o£opportunity,`"said 'IT~1SItetai.IF4r~~=ardlnc.clivesiral?1~:- a~ti°ned r~napany from. Lttbhocl; ~~~itla 'd'al-Ivtart Storey Irtr~ extenditag its lead Gantt BtamStead, co-pres°idevt of Mat'- na and leaa•ned about Sprouts fxatn his X1,1 billiata in annual sales, the chain ita >~allas-l'~aart 1~'nrth, ~°,hcre it has a let Stz~€'s Luhbac~ based parent, evife'I'eacey. tiptoed intta the tGllrauampetitati~e 1Jdl- higher concentcatinra of Superceniets ~7nitetiSt~lae?~tnaarkets. Tlae chain pitches itself as a. natural ]as-1i ort ~?i+Tartla grocery market ti~~e andNcighhorhac~il~farkctstha.u in any ,~prauts chef~,xecuti~~ 5htart l~c~acy fnnd sknee, taut iE's alsc~ knc~,m fc~r la~v years anra~vithastrrreirtColley~ille. otlacrmctt~oarca.at~clutpturesrtertrly~l'0 satin it tlae same ~va~r: "1'ue recn,~ni~,ctl prices tart la~~dticE~, hig}t-tludlry~ rhea€S Sprotxts~armersl~larket,t~cltairrcaf perrent.ial'~•careryspFn~ung. llallas~tt~.~rpefar~irhat~~~eo~ered." anclspegely~clte~~lccauts. srrtall n;aturaa fnocl sttai+~s, is a ~;;t){)nail- tit~al-it?~art as b~rit~rain~; at tlae e~~aeaase `l~~e: t~vta f,h<~itts 5~~y~ tltrrir ~rrtnlale is "'~1i1 vt a sudden our• laoztselaold. liota•a-year str~~i:-ula }atiserl in I'hnettu of ~Ihertstan's, k~~laich leas lien clo,~ing payl~a~+aft:~elalaae a 1'ractica3ao~l naarlcr~t slaeridittightulslri:ileil~•naaaa~Vholel~tantls that apcncd its frs-t lnr~~t] stt~t~ itt l~lar~o stcatr~ anairl a iareal;up of the cr~xsapany, shoe°c, but their starer have.litll laarlsir,~ to Slarauts,,,Mr, Mey~et~ said, in?i)~} ~, azacl the ~ppell-based Minyard c[aain, ]nts, ~nrl lactth zvill apen tnttltiple ]ta~µ II3cSid~ selling ii~nd, these t~vo fro- which is refocuSin,~ cftarts nn its kiis- tionsi~ai~~"aai:lt'Tc:,thisy~tr. ~cr~ill4~~;1~~5 Page ~~ .. ~.; aiL3~d]E.RIRF(7RL11S~aitPhato~tsptter I~tk:~.e11~r'E~RL'F4I`13P.7,"'Phnta~rapfaer ~9 At tae aroutts Farmers iwiarAet In 1~„~-0 a wtarker tirraps a Clzilcau sea "~ ~~t . caubht np zn kow many ~ we haue," Gart'~ 8wnsteiir~, bps f'ar a aa~trata~er. S~rauts forte ran rt~al t'o :I~ar~t street cxa-pr~sdern, says, ire r~ also ~c~ t}t .~~ ~. ', t~{Fi.t~t~tF FiTt~FC1RU/~t.1f1'P~oto~~~t~cd• Ryan Fauci ta~~s a work brr~k iII the ~ o~•er~QV~artg the deli ~f~ii~e IVTax~t 5tr~cet i~r Iti~c~ey.'l~ae g~or~r sp~cial•r;~ in na4rrral ~ graurarret frar, page ~q Sur~day~, February ~~, ~e]Cil~ .- d~lll+~St1e~1~h.Cc7C~i ~~~ a(llt~ ~llvr:tiny 1"cl~~ T ~~ ~~~ Grocers fill specialty niches Conti;~ued f~°crr~t P~~'e 1D Bath Spl~auts and Market Street ha~fe what "~~'e call a CCA: compel- ing competitive advantage,' he said. "If a market is big and robust and yotr provide a better mouse- trap, you'll get ~pottr share," In ?flC~~, Sprouts vas a 3-~reax- Qld company that wanted tea ex- pand outside its Pl~oeni~ roots and capitalize on sire gro~~~rtg desire of cans>,rtners far llcalthy #bods, It. sneaked into the T)-F marl~et ~rh ile the giants ti~~•estled. `°I'l~e tllarlet llacl a lot of enrl~t~f Stores anci c~.~pcricncccl, displaced workers," said Mr. Bosley; the t;BU. r`All~e~•tso~~'s <~ncl Rasnl~a~v stores lead just clsrsed, Fnr us, one o~ the ehalle~~ges c~# gxo~vit~~; a chain quickly is to lind good peoT~le, and T}allas had them " The Cltrrt"llt n~anagentent team worked far Wild. 4a~s after selling it a lwalifornia chain of 10 stores.. ~L~e were responsible for ~~ild Cats' Sun Har~rest stores in Texas and alreadykne~v hog=ta source in the state," Mr. Boncy said. "At tl~e beginning, eve 'ere be g people to let us into their shopping centers,, but that's ehan#ed. ~e can dtave traffic into their centers in ll~f the space of a traditional s>.rpermarket;" lie said. He sees room for 1~~ Sprouts in T)allas-Fort ~~'ortil, maybe mare. Sa far, it bas stores in Dsllas, Frisco, ?~'lo~~•er Mound, Piano and. South- lake. T~vo more open later this year, in Richardsnrm and iulurph}~. Sprouts is lauilding some stores but continues to recycle old space, The Fle~~~=e~• Ivlaund store toalE over half of a closed. Finn-l~L`de, anci the Kicllardsonstare will be in a t~- ccntly riacated Albertsory's at Gait old C~lllpbell roads. l:n I3allas, the Sprouts at Forest anal Marsh lanes toUl~ aver a #br•mer i1?1a1~5hKrll's site, Shopping there last v~eekelltl, ~i~l~y l~hearrl cif T)~illas said she still ,des I:o ~~1?l~crlc Foods for its l~rei~R}rr.~d fi}ods and ~~ib~~z:~- soi~'s for• l~R~sit,~~s sl.rch Gin soft clrir~l~s, ~~ Wal-Mart.,. ;+~ith its 5upercenters and Neight~orhpod Markets. Qther ctlans inctude: expanded its dominance of the 12-county !Dallas-Fart Wortl^~ Market Number grocery market in the last year. but same new chains doming in aren't ceterred. Start of 207 Market share iNumber of stores) Minyard, Carnival, Sack'r1 Save i1.~©`n'~~~7 ether i 18,7% Alberkson's i (kiA) 4 I . ~a?l ,; ~~ Kroger `---1Nal-Mart ]5.2°7Q (Sfl) 35.1% ~83) Start of 2~a5 Brookshire 2,8°I--- 27 htarrretshare{~~tu~rt~eroistores) .._... --- _------___-- .., Chairs share of stores SuperTarget 4.8/° 21 'Fiesta Mart 2,&a~ 15 l-l-E-s ~+Cinyard, Carnival, Central Market 1,9'~ 7 $ac'r153v~ __ . _ _ _. 5.8°~ (587 Whole Foods 1,~% 6 .. Albertsran's ether Save-A-l.ot 4.8% 17 X0.7°!~ (Sg? ~ 19.5% United - Tana Thumb ~ "` (2015) 1~Q.$°~C ~ri7 ~-.._- '. Kroger i `-1Naf-tart 15,3 {${}7 ~37.8~ ~~887 Plate. Changes do data•gather9Rg methrads make eom~aris~n~ w"nth ether years difFieu,[, SCU?C~St Shelby r2epori of khe Squthwest; ~6ialse~, vonoparawj's'i'ra~e t}imens'iflns "I getmost~er;~thingelsehere,~ she said. "I like their ca~ee and the a~°erall size of the stare. `I"he sl'idlr~es are to«; and you can see the whole store." Sprouts doesn't tto be "aone- stop shop;" iyTr. Bonc)° said. iirJe lil•;e to locate near a traditional super- tnarlcetbec~use shopperscan come to us for their healthy fonds, pro- duce and meats, and ga there for Cokes a~•ld Tide and Ttag~u;" ~n~~r one ~ Market Street takes the oppo- sites <rll-enco~opassing approach, ~~eldixrg a traditional supel~arl~et with dole Foods-style organic and health foods acrd Central Ia~•- ket-stele specialty #aads, wine and preparednleals. "It's ~~er ~r rlartlpetiti~~e here, but far orae rea.5on or anatl~er, our con- ceps is resorlatil~g ~~'ith Dallas-Fort ~VOtI shoppers,n said Mr. Bum- ytead, the faurtlr generation of iris farrrily= to leL~d the carng:~ny. "The ability to do all your grrlcel~=shop- ping under one roof didn't exist here.'" The first 1VTarket Street k~~as built in Wichita Falls in 1998. It started out as a replacement store far a Linited 5rlperrllarket loca..tion that dated to the 19h(7s. In the days of giant gicrcery- cor- porations, i~il: Iiunl;stead said, the anlilyr rued it had to "dn some- thrngdkfi'erentta SIIII'~'li~e," e traveled all o~~r ~e L.S. arrd Europe,. and just started add- ing trr it,'i~e t~=anted theater and en- terfairament because people tvele saying grocery shopping ~~las bar- ing. Before eve knew it, ~~~e tended ltp ~~~ith Chic huge stare.=;~itl~ a. hint of the Forum Ships at Caesar`s Palace in l~as ~ egos. "~~e'vetaneditdo~~~ since." The result ~~ a 7~;pf1(1- square-feat stare that requires a stafi"af5~0. `;People thoubht eve had gone crazy,"hesaid. ral getallcaughttzpin llo~v many cheeses Eve have. But ~ulliat'S 1111pa1't~I7t 15'tllat lt'S CoI11re- iaientand our shr~ppers a.re pressed far tune. Oise shoppers kill .several Supermarkets'. Marlret Street" t7,7% 2 G.G. Foadland 4.~4°/® 8 Terry's 0,4 _ ,. ... _ ._ 9 David°s C.3°,., 9 Super Save 0.2% 4 Sprouts Farmers Market t?.2°e .. _.._ All oki7ers 2.9% 68 'tJe~• to tk~e srTSr~rCt;ir1 r+c iast'fi~°e ya~r3 I31'TSl' 13t~CIu'Stttfkr~ birdsu~thanestune." ,fit the Market Street rr ~~Icl4in- neylast Sunday; Sall}r O'Brien, art attorney and Frisco resident, ~a~as on her second trig in one day. "I brought nay rnotber here earlier, anci no~v I'rn doingmy shopping." A longtime '4'~iole Foods and Kroger shopper, Ivls. O'Brien said, "I combine t~~°a shnglain~ trips into one. Theyha~=e a greatrnix. i ~nget regular tatlet paper, anci I can eat salmon e~=er~~ night if I ~~=ant be- cause? it's dleaper:" Tommie Ii~:mond of ~Icb'~inne~> said. she. g to Market Street daily= and uses its prepared foods depart- merlt like her o~~rr personal fa5t- food kitchen. "T~'rey~ always have sarnethrng nec~v,'~ she sand. The McKifrney store opened in ?~04, and a third location opens Friday in Alletr. Frisco will open in late summer anal Cappell by Thanltsgi~'ing, ~~ritli three more stares plartued for nest year, Some a#'the newer stores v~Fill lxavt; gaso- line pumps and a separate conve- nicitce store-sir~'btrilding a#ferng meals to go at a dt~~=e-through. ~e ~llenstoreisinthene~~=h2- acre ~~r'atters Cree'~ at ~vlantgame~. Fauns. The upscale project ~viil have 3B0 rental units, offices, res- tauraarts anci National specialty chains including Cheesecake. Fac- tor5=, Brio Tuscan Grille, Borders, Seghora and Chico's, 'T'rademark 1?roget~y=Ca. afFnrt Worthislauild- ingthe projectatthe sot~thtii~est cor- ner of IJ.S. High~~°a.,y 75 at~d Betlla- ny T7rive itlAllen. Tradetnarlw chic#`executiviu'Perry Montesi said he first hriard about Maxl~et Street fi•om his ~vi#e, ~vlla dro~le out of der ti~~ay to buy ~ltateti- il•ee ps•aducts f'or one aftlaeir cl~il- dren. Resold he's interested in do- i~lg other projects with .`~arket Street, "~re1•eallyhelie~rethemi~ afspe- cialtystares, ~lbaokstare and agood ~c~llrrrlet grOCel~ 15 aS good or even better than a department store, Mr.l~Iontes> sand, "It's all about ha~~= people lire today. The}=shop even= week at the grocery; maybe ante a month at the department store: , Staubach Detail senior ~~ce president. Mark Reeder said, '"Sprouts and I~farket Street are Fagging uF on a lot of develoFers' site plans. I'm not certain they'll all getde~~eloped:' ~h~ ~~~~. C)tdler grocery chains aren't. standing st~l. ~rngtime local Fla.yers Kroger and `fora Thumb are also malting plans,141r. Keeler said. "I think in 2~~9 and D10 ~~ae~l s~ a number of new store openings:" Kroger announced mcentlythat ne.~-t year Ft7sco dvill see the first of the l~l~,r3~+fl-square-foot stores it builds in other regions to compete ~vitll al-vlar°t Supercenters anci Supermargets. Tam Thumb's t~re~~= I.afestyle stores are meant to be one-stop shops, and I~r°nger's Signature. stares have substarrti~~l crr~;artic c~l~ ferir>gs. . "Elie cora~pettion rr~akes Headggarters; l.ubback Co-presidents: Brothers Gantt and Mack z ~ ~k,e~!`. 8umstead, the ( ~; fourth ~ ~°. ~. generation to ~ ~' ~ ,,. lead the ~ d ~ ~~~ family-awned , ~ °~ - campany ~ r -- ~-'. ,~nnuai sales. ~" ~~ $l.ll~iilian ~~~~ lrrxpiDy2es. 8,616 total,1,3~3 in D-FW History: A chain of the family-a•~~ned United Supermarkets lnc. The company was founded by H.D. Snell in 1916 in Sayre, C~ka. The first Market Street opened in Wichita Falls in i998. Rear*la: ~+6 stares in 26 markets across t~arth and West Texas under three banners United Supermarkets, Market Street and . Amigos United. i~-FtN: Entered t}~e market with a , Calleyville store in 2(7f~3< followed by McKinney in 2~}D4, A third location opens Friday in ,Allen, Uvith a Frfscn ovenir:c~ planned for late summer anci Cop;oeli toy Thanksgiving. Headquar'rers; Phoenix CED: Shon Edney, athird- grocer. His ~ ~ e ~ ~~ father; Stan r' "` y; pay y~~ Y S,s F Boni=y~ ~F ~ !`' chairman. ~ ;t~ .~~~~' ~, ~ Ar~nuai sates: ~ „ _ S3DG million - Em~ivyees: ,,;-, 2,14+8 total, ~'_ ~"J49 in D-F1N Sl~on l3gney History: Henry Honey sold his chain of 127 Speedy Marts to 7-Eleven in 196. Then he and his son Stan "rounded the Henry"s Marketp;aee chain in San Diego. later renamted henry's Farmers Market and said to Wild Oats in 1999. Stan and Shoe done}~ helped found Sprouts in 2Q41. Reach: 25 st+~res in Arizar:a, Ca#iforr;ia, Texas and C©lorado D-FW:1=ntered the market in 2445. Five stores are oven Dalian, Flower Mound, Frisco, Plano and Southlake -and two more are coming this summer in Richardson and M~gurphy,. 9 Aldi, an aggressive German de¢p-discount grocery chain, says it is locating sites in D-FW anci plans to open mare than 25 stores by fall 24C}9. Stores ara 16,640 square fleet, about the size of a 1nlaigreens, anci carry only 1,300 of the most frequently purchased grocery and household items, nearly all under its private label. Aldi operates $5+7 stares in 27 stakes. Sunfla'tv+yr Farrrters l~larket, a Colorado-~aased organic and natural supermarket chain that was faundec~ in 24Q2 lay Mike Giiiiiand, wvha lino founded Wild 4~ats Markets in 198. Wild fiats was acquired by Austin-based Whota Foods Market last year, Sun;lower operates 13 stares in Arizcrra, Colorado,. Nevada and 1Veva Mexico. bast mar~th, it announced X30 million in new venture capital and has expansion plans in Utah and Texas, possibly including l?-F4~. SOir~~ES T^~ cemparties; i7~tfas M©mrrig Nesis res?ar:.h Sprouts' and ivT arket Stmt's mo yes into the market all the more sur- prrsulg, Mr. Iteecler said Sprouts' entry was less chancy because of the in- vestmcnt of a smallcrstore and the heaXthfoad nicheit#ills, "I ~~=as surprised ~vlaet~ 1Viarltet Street first carne iri, last once you see tl:ye stoics and llcr~r shoppers re- spond, you l~uyr into the idea," ho said. t~€ELA\'fE Bti I~CI~L~J~taff Pl~r~tt~gra~~h~r Lisa ~~v~, ~~~itlt her 2ryca~dld Lill; b>~r`~ ~e~e'~es at Smuts ~~ 1Vfa~rk~l; in Via. ~~ ~lt>ar~ Egad stvrre is lona~ fqr ~a~7 prime on prrace.