DBJ 2003 Award Winner – Best New Development – Retail/Hospitality
The Shops at Stevens Park retail center, anchored by a Home Depot home center, will go up on land once occupied by the historic Bronco Bowl, a longtime Dallas concert venue, bowling facility and nightspot.
Home Depot USA Inc. bought the property for the development of its new retail location with a planned opening of July 4th.
The Shops at Stevens Park will be constructed on 6.5 acres retained by the sellers, Bronco Group Ltd., that formerly was used for overflow parking for large concerts staged at the Bronco Bowl. The total project spans 20 acres.
The Bronco Bowl had stood at the intersection of Fort Worth Avenue and Bahama Drive in north Oak Cliff since 1961, and was razed to make way for the 220,000-square-foot retail complex.
In addition to Home Depot, it will include three retail pad sites fronting on Fort Worth Avenue – one to contain a Walgreens store, another under negotiation for a free-standing Chase Bank branch and a 66,000 square foot “big box” retail shopping center, according to developers.
“When Henry S. Miller Commercial first got the listing to sell the Bronco Bowl, we were focusing our efforts on potential buyers that would keep the concert venue open and carry on the business as it had been since its opening in 1961. We were having some problems finding the right match when Home Depot entered the picture. After the first face-to-face meeting, we knew we had found our buyer,” said Chris Leighton of Henry S. Miller Commercial.
All buildings within the Stevens Park project will be architecturally compatible and designed to conform to what is termed revisited Texas Prairie Style, a style intended to evoke a sense of early Dallas-Fort Worth buildings, including durable materials: shading, such as awnings, porches, trellises and screens, broad roofs and overhangs, decorative roof parapets, columns and stone or brick projections.
It also includes the style, materials and methods of Mexican Colonial design.
The project is in keeping with the neighborhood revitalization efforts and plans for a rejuvenated Fort Worth Avenue, through this section of north Oak Cliff.
The Fort Worth Avenue Development Group, a private nonprofit neighborhood advocacy group, has been instrumental in preparing land use and urban design plans for the entire length of Fort Worth Avenue, according to the retail center’s developers.
The Shops at Stevens Park project will represent the largest retail concentration in the area as well as one of the largest private investments in recent history. The project is expected to bring to the area job opportunities.
BIG PLANS: The Shops at Stevens Park will be constructed on land at the intersection of Fort Worth Avenue and Bahama Drive.
THE DEAL: The former Bronco Bowl was purchased by Home Depot USA Inc. It will be replaced with the 220,000-square-foot retail center, The Shops at Stevens Park, anchored by a Home Depot retail store.
LEASING: John Mathes and Brian Glazer, The Weitzman Group
REPRESENTING THE SELLER: Chris Leighton, Luis Pina, Karen Acosta of Henry S. Miller Commercial
SELLER: Cliff Booth and Steve Kanoff, Bronco Group, Ltd.
VALUE: $23 million
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