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DILLARD’S BREAKS GROUND AT VILLAGE AT FAIRVIEW

FAIRVIEW, TEXAS — Little Rock, Ark.-based Dillard’s has begun construction for a new 200,000-square-foot store located at The Village at Fairview, a mixed-use development located in Fairview that is being developed by Dallas-based MGHerring Group. Dillard’s will serve as one of three co-anchors for the retail component of the project; the other anchors, JCPenney and Macy’s, broke ground during the fourth quarter of 2008. The 1 million-square-foot retail component of The Village at Fairview is scheduled to open in August. Additional tenants include The Container Store, Village Roadshow Gold Coast Cinema and Whole Foods Market. Plans ultimately call for a 200,000-square-foot office building, approximately 675 multifamily units and a 280-room hotel with an adjoining 80,000-square-foot conference center, in addition to the retail space. The Village at Fairview is part of a 3 million-square-foot mixed-use project MGHerring is developing at the corner of U.S. Highway 75 and Stacy Road. The other part of the project, The Village at Allen, opened in October 2008. Once The Village at Fairview is complete, the two projects will function as a single, 400-acre mixed-use center that will contain 2 million square feet of retail space and 1 million square feet of office, residential and hotel space.

Content Partners
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‣ Walker & Dunlop

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