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Please join us in welcoming Michael Thum to The Retail Connection as Senior Vice President | Brokerage, where he will focus on tenant representation and project leasing.
Michael has over 19 years of retail real
November 21, 2008 - Dallas Business Journal
Launched by Southern Methodist University's Caruth Institute for Entrepreneurship in 1990, the Dallas 100 is a tribute to the vitality and entrepreneurial spirit of the
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David Wilson
President | Connected Development Services
David Wilson is President of Connected Development Services, a division of The Retail Connection, L.P. At The Retail Connection, Wilson is responsible for overseeing development partners and construction services architects in the development or redevelopment of retail projects including land or project acquisition, planning, tenant leasing, construction and financing. Evaluating opportunities is a key responsibility in Wilson's role as leader of the development group.
Currently under development by Connected Development Services are Arlington Highlands,a 620,000 square foot power | lifestyle shopping center at the Northeast quadrant of Matlock and I-20 in Arlington, Texas, Arlington Highlands East, a 175,000 square foot entertainment and hospitality addition to Arlington Highlands, Weatherford Ridge, a 380,000 square foot center in Weatherford, Texas and Mansfield Pointe, a 155,000 square foot center in Mansfield, Texas. Current projects in the planning stages include Decatur Crossroads, approximately 600,000 square feet, Granbury Town Center, approximately 650,000 square feet, and Grand Corner in Katy, Texas which will be approximately 300,000 square feet.
Prior to joining The Retail Connection, Wilson was an Executive Vice President of Cencor Realty Services and led the development, re-development or renovation of nearly one hundred shopping centers during his 27 year tenure with that company. Before joining Cencor, Wilson was a Vice President with both Henry S. Miller Company and Republic Bank of Texas.
Wilson has been involved in both ICSC [International Council of Shopping Centers] and ULI [Urban Land Institute] over the last three decades, where he has taught classes across the country on the development, re-development and renovation of shopping centers.
Wilson graduated from Baylor University in 1974 and holds a Bachelor of Business Administration in Economics.
President | Connected Development Services
David Wilson is President of Connected Development Services, a division of The Retail Connection, L.P. At The Retail Connection, Wilson is responsible for overseeing development partners and construction services architects in the development or redevelopment of retail projects including land or project acquisition, planning, tenant leasing, construction and financing. Evaluating opportunities is a key responsibility in Wilson's role as leader of the development group.
Currently under development by Connected Development Services are Arlington Highlands,a 620,000 square foot power | lifestyle shopping center at the Northeast quadrant of Matlock and I-20 in Arlington, Texas, Arlington Highlands East, a 175,000 square foot entertainment and hospitality addition to Arlington Highlands, Weatherford Ridge, a 380,000 square foot center in Weatherford, Texas and Mansfield Pointe, a 155,000 square foot center in Mansfield, Texas. Current projects in the planning stages include Decatur Crossroads, approximately 600,000 square feet, Granbury Town Center, approximately 650,000 square feet, and Grand Corner in Katy, Texas which will be approximately 300,000 square feet.
Prior to joining The Retail Connection, Wilson was an Executive Vice President of Cencor Realty Services and led the development, re-development or renovation of nearly one hundred shopping centers during his 27 year tenure with that company. Before joining Cencor, Wilson was a Vice President with both Henry S. Miller Company and Republic Bank of Texas.
Wilson has been involved in both ICSC [International Council of Shopping Centers] and ULI [Urban Land Institute] over the last three decades, where he has taught classes across the country on the development, re-development and renovation of shopping centers.
Wilson graduated from Baylor University in 1974 and holds a Bachelor of Business Administration in Economics.
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Development
Retail construction doubles in 07
November 22, 2007 - by Lauren D'Avolio | Dallas Business Journal. With no real geographic features - not even an ocean or natural lake - at their disposal, many North Texans consider shopping a recreational activity. There's certainly not a shortage of retail space in the Metroplex, and there's plenty more on the way.
According to a recent report from CB Richard Ellis Inc., 3.9 million square feet of retail construction was completed in North Texas in 2006. That figure has nearly doubled in 2007, with year-to-date development of 7.3 million square feet.
Another regional retail player, The Weitzman Group, hasn't yet tabulated its 2007 construction figures. But its figures say 2.7 million square feet of retail space was added in Dallas in 2006, and 550,000 square feet in Fort Worth.
A midyear analysis by The Retail Connection puts retail construction at 5.5 million square feet so far in 2007 - a drop, it says, of about 25 %. To understand the variance between its numbers and CB Richard Ellis statistics, you need to understand the meaning of the word "completed."
A large number of projects currently under construction won't wrap up until 2008 and won't be evidenced in the statistics until then, thereby skewing numbers for 2007, says Steve Lieberman, CEO of The Retail Connection.
"What's important is everybody is using a consistent baseline," Lieberman says. "Some people count what's completed and what's under construction, and that's why you have a discrepancy in the numbers."
Activity undertaken by Connected Development Services, The Retail Connection's development arm, is consistent with CB Richard Ellis research. The group delivered 250,000 square feet of retail space in 2006 and currently has 1 million square feet under construction, of which 600,000 square feet will be completed in 2007. Those numbers will be identical in 2008, Lieberman says.
"Retailers are cautiously optimistic about what's happening with the economy," he says. "There are a lot of variables out in the marketplace that are catching consumers' eyes."
Lieberman says the outlook for Dallas-Fort Worth's retail market is strong, with the area's burgeoning population and solid job growth. The hottest projects, he says, are tenant-driven, such as large shopping centers anchored by Target, Wal-Mart or Best Buy stores, and mixed-use developments.
Suburban aggression
Steve Triolet, research manager for CB Richard Ellis in Dallas, said his company surveys a five-county region - Dallas, Collin, Tarrant, Denton and Rockwall Counties - and tracks everything that's 10,000 square feet or larger. The firm's four-person Dallas research staff uses a combination of data vendors and proprietary software.
"Developers are being a little bit aggressive, which probably will hurt occupancy rates in the next few quarters," he said. So far, "it's not to the point that it will really hurt the markets - it will just hurt them marginally."
