THE SUBURBAN-URBAN EXPERIENCE

Consider these concepts: Dean & DeLuca. Taverna. Mesoro. PakPao, eatZi’s, Princi Italia, Mi Dia from Scratch…the list goes on. Each made its mark with an urban location. Dean & DeLuca is familiar to anyone who’s ever walked the crowded sidewalks of Manhattan. Taverna’s original location is on historic Knox Street. Mesoro is on urban Dallas streets like Henderson and McKinney. PakPao packs them in at its Design District location. eatZi’s has offered quality food and more at its Oak Lawn location for years. Princi Italia delights diners in the dense, close-in Preston Royal market.

So where are they each opening new locations? Uptown? The Design District? Fort Worth’s West 7th?

Nope, they’re expanding to the suburbs. Plano specifically.

Dean & DeLuca, Taverna and Mesoro will be part of the line-up at Legacy West, the mixed-use project that opens its retail in March 2017. eatZi’s, PakPao, Princi Italia and other specialty restaurants are part of the retail line-up at West Plano Village, which also features apartments and office space.

The mix of local, one-or-two-location concepts going into these mixed-use projects perfectly illustrates the trend I want to talk about – the Suburban-Urban Evolution.

People today want an urban environment and experience, even when they live in the suburbs. Developers are responding with new-vintage multi-family blended with restaurant and service space. These projects fits the bill with what we call the burgeoning Suburban-Urban Marketplace.

We all think of urban Uptown Dallas as the epicenter of mixed-use construction. But on a strict dollar and square footage basis, suburban Collin County is dominating this category. Why would Collin County be seeing this type of urban-style development on such a large scale?

A big reason is demographics. This market is getting denser. Take West Plano Village for example. Within a 3-mile radius, there are nearly 100,000 people, and the daytime population is nearly 120,000. Go out to a 5-mile radius, and you’re looking at around 310,000 people.

Now let’s look at the same type of demos in Oak Lawn, one of our densest urban neighborhoods. Within a 5-mile radius of Oak Lawn and Avondale, right in the heart of the district, there are 355,000 people. That’s not that much higher than those Plano demographics.

These markets are going to continue to become denser, and residents are showing that they like the trend. Even in the suburbs, people want the urban experience. They love the whole live-work-play environment.

That’s not to say that the single-family home is going anywhere soon. That type of residence dominates our suburban markets and will continue to do so.

But as our markets get denser, there is a place for all types of projects to succeed. And one of the most successful types will be those that provide the Suburban-Urban Experience.

-Bob Young, Executive Managing Director at Weitzman

See original article here.

West Plano Village is offered by Weitzman. Weitzman is one of the leading commercial real estate companies in North Texas. Weitzman offers a full range of Commercial Real Estate services including Project Representation, Tenant Representation and Investment Sales and, is also a leading Asset Management and Development Services Commercial Real Estate firm.

Photo Source: [sasiistock][484670256] Thinkstock

Kona Grill Opens in Plano, Texas

SCOTTSDALE, Arizona., May 6, 2015 (GLOBE NEWSWIRE) — Kona Grill, Inc., an American grill and sushi bar, announced the opening of its newest restaurant in Plano, Texas on May 6, 2015.

The new Kona Grill is located at 5973 West Parker Road, in the West Plano Village, a dynamic, high-end, half-million square foot, mixed-use development located at the northeast corner of Parker Road and the Dallas North Tollway. The West Plano Village is attractively situated near a large customer base with above average incomes and educational backgrounds and is highly accessible from other arteries of the Dallas Metroplex. The freestanding restaurant features distinctive dining areas that include a wrap-around, indoor-outdoor patio and bar, circular exhibition sushi bar, a lounge area, and a private dining area. The restaurant also contains modern design elements, such as compelling water and fire features, and a signature 800 gallon saltwater aquarium.

“Our new Plano restaurant is gorgeous and its opening marks the thirty-second Kona Grill overall and our eighth restaurant in the great state of Texas, where customers have become loyal fans of our differentiated polished casual dining concept. We are well versed in satisfying Dallas Metroplex diners with an unmatched dining experience in both our Dallas and Fort Worth restaurants, and are very excited with this opportunity to bring our brand to Plano, where the economic conditions are highly favorable and customer demand for our flavorful American food, our extensive sushi menu, and our signature beverages should be very strong,” said Berke Bakay, President and CEO.” Our development program continues to make significant strides and we are on track to open five additional restaurants in 2015, with the next restaurant opening slated for Arlington, Virginia in late June.”

About Kona Grill

Kona Grill (Nasdaq:KONA) features American favorites with an international influence and award-winning sushi in a casually elegant atmosphere. Kona Grill owns and operates 32 restaurants, guided by a passion for quality food and personal service. Restaurants are currently located in 19 states and Puerto Rico: Arizona (Chandler, Gilbert, Phoenix, Scottsdale); Colorado (Denver); Connecticut (Stamford); Florida (Sarasota, Tampa); Georgia (Alpharetta); Idaho (Boise); Illinois (Lincolnshire, Oak Brook); Indiana (Carmel); Louisiana (Baton Rouge); Maryland (Baltimore); Michigan (Troy); Minnesota (Eden Prairie); Missouri (Kansas City); Nebraska (Omaha); New Jersey (Woodbridge); Nevada (Las Vegas); Ohio (Columbus); Puerto Rico (San Juan); Texas (Austin, Dallas, El Paso, Fort Worth, Houston, Plano, San Antonio, The Woodlands); Virginia (Richmond). For more information, visit www.konagrill.com.

See original article here.

West Plano Village is offered by Weitzman. Weitzman is one of the leading commercial real estate companies in North Texas. Weitzman offers a full range of Commercial Real Estate services including Project Representation, Tenant Representation and Investment Sales and, is also a leading Asset Management and Development Services Commercial Real Estate firm.

Kona Grill Opens in Plano, Texas

SCOTTSDALE, Arizona., May 6, 2015 (GLOBE NEWSWIRE) — Kona Grill, Inc., an American grill and sushi bar, announced the opening of its newest restaurant in Plano, Texas on May 6, 2015.

The new Kona Grill is located at 5973 West Parker Road, in the West Plano Village, a dynamic, high-end, half-million square foot, mixed-use development located at the northeast corner of Parker Road and the Dallas North Tollway. The West Plano Village is attractively situated near a large customer base with above average incomes and educational backgrounds and is highly accessible from other arteries of the Dallas Metroplex. The freestanding restaurant features distinctive dining areas that include a wrap-around, indoor-outdoor patio and bar, circular exhibition sushi bar, a lounge area, and a private dining area. The restaurant also contains modern design elements, such as compelling water and fire features, and a signature 800 gallon saltwater aquarium.

“Our new Plano restaurant is gorgeous and its opening marks the thirty-second Kona Grill overall and our eighth restaurant in the great state of Texas, where customers have become loyal fans of our differentiated polished casual dining concept. We are well versed in satisfying Dallas Metroplex diners with an unmatched dining experience in both our Dallas and Fort Worth restaurants, and are very excited with this opportunity to bring our brand to Plano, where the economic conditions are highly favorable and customer demand for our flavorful American food, our extensive sushi menu, and our signature beverages should be very strong,” said Berke Bakay, President and CEO.” Our development program continues to make significant strides and we are on track to open five additional restaurants in 2015, with the next restaurant opening slated for Arlington, Virginia in late June.”

About Kona Grill

Kona Grill (Nasdaq:KONA) features American favorites with an international influence and award-winning sushi in a casually elegant atmosphere. Kona Grill owns and operates 32 restaurants, guided by a passion for quality food and personal service. Restaurants are currently located in 19 states and Puerto Rico: Arizona (Chandler, Gilbert, Phoenix, Scottsdale); Colorado (Denver); Connecticut (Stamford); Florida (Sarasota, Tampa); Georgia (Alpharetta); Idaho (Boise); Illinois (Lincolnshire, Oak Brook); Indiana (Carmel); Louisiana (Baton Rouge); Maryland (Baltimore); Michigan (Troy); Minnesota (Eden Prairie); Missouri (Kansas City); Nebraska (Omaha); New Jersey (Woodbridge); Nevada (Las Vegas); Ohio (Columbus); Puerto Rico (San Juan); Texas (Austin, Dallas, El Paso, Fort Worth, Houston, Plano, San Antonio, The Woodlands); Virginia (Richmond). For more information, visit www.konagrill.com.

See original article here.

West Plano Village is offered by Weitzman. Weitzman is one of the leading commercial real estate companies in North Texas. Weitzman offers a full range of Commercial Real Estate services including Project Representation, Tenant Representation and Investment Sales and, is also a leading Asset Management and Development Services Commercial Real Estate firm.