Friday, February 20, 2015

A new Uptown grocery store may be in the works near Victory Park



A grocer may be shopping for a location in a new Uptown’s real estate project

Real estate brokers say that a grocer will be announced soon for the Akard Place development located next door to Victory Park.

RED Development of Phoenix and Dallas’ StreetLights plan to build the $200 million mixed-use project at Field Street and Cedar Springs Road just north of downtown.

As part of the project, a 40,000-square-foot grocery store is being planned.

Tom Thumb is in talks to operate the store, downtown and Uptown real estate brokers say.

A spokesman for Tom Thumb said that the Texas supermarket chain which was just acquired by Albertsons has “no information to share at this time” about an Uptown store.

Albertson’s just gave up its location on McKinney Avenue next door to the Cityplace project as part of the purchase of Tom Thumb. A new store at Akard Place would give the grocer a new flag in Uptown.

A representative for RED Development said there was no information available now about a grocery store in the project.

A 16-story office tower, 20-story residential building and retail space are planned with Akard Place for the two vacant blocks just east of Victory Park and near the Perot Museum of Nature and Science.

The grocery store would occupy the lower level of the project.

Whole Foods Market is now building the only Uptown grocery store on McKinney Avenue at Routh Street. That store in the ground floor of a new apartment block won’t open until later this year.

Other grocers including Kroger and Central Market have also looked at spots in Uptown and downtown but so far haven’t done a deal.