An ambitious project with a $100 million price tag, The Shops at Willow Bend will get a makeover to meet modern demands.
In meeting modern demands and commanding wide-acclaim, the redevelopment and expansion of this site aim to improve accessibility and convenience. The Starwood Retail Partners drive is hinged on the unique strategy that a mesh of entertainment, office, and retail has a direct link with top-grade shopper experience.
The Shops at Willow Bend was sold off in October 2014, with the redesign beginning shortly after. After completion, the complex would wear a new look that would resonate with Plano’s growing population. Major additions to the complex include a main entrance facing the Dallas North Tollway. The aim is to communicate a sense of arrival to guests, shoppers, and diners. A major do-over is the replacement of the existing 125,000 square feet vacant building with a more modern structure aptly designed for premium retailers and restaurants. Other major additions include an office towel and a contemporary hotel.
According to the CEO of Starwood Retail Partners, Scott Wolstein, the unique approach employed by SRB reflects common perceptions throughout the country—citing consumers clamoring for a space to contain several conveniences, a synergy of sorts. With The Shops at Willow Bend, the SRP hopes to improve the shopping experience in Plano by providing a retail environment where shoppers can also relax, enjoy, and connect.
Starwood Retail Partners manages about 30 mall properties and have top-grade experience to turn around the prospect of a mall through the magic of restoration. By repurposing the mall to permit meaningful connections in a tranquil, exhilarating environment; The Shops at Willow Bend will prove to be successful as other portfolio in SRP’s growing list of top-performance restored spaces. Real-time construction is projected to being in early 2016. First phase of completion will be ready in 2 years, with full transformation pegged at 3 to 5 years after the start of construction.
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21 OCTOBER 2015, USA