THE COLONY, TEXAS — Nebraska Furniture Mart has broken ground on a 1.86 million-square-foot retail store and distribution center in The Colony, making it the largest home furnishings store in North America. The Nebraska Furniture Mart of Texas will sit on approximately 90 acres along State Highway 121. The store will offer more than 160,000 products, including furniture, flooring, appliances and electronics.
The development will include a 560,000-square-foot retail showroom and a 1.3 million-square-foot distribution center. The development is expected to attract more than 8 million visitors and generate $600 million in sales annually. It will also add approximately 2,000 new jobs to the area.
“We’re excited about the partnership between The Colony and Nebraska Furniture Mart of Texas,” says Joe McCourry, Mayor of The Colony. “This is a unique opportunity to bring new jobs and tourism to the area, and we expect this one-of-a-kind development will draw people from more than 200 miles away.”
Nebraska Furniture Mart of Texas will anchor a planned $1.5 billion, 433-acre mixed-use development that is expected to receive 14 to 16 million visitors annually.
Omaha-based Nebraska Furniture Mart, part of Warren Buffet’s Berkshire Hathaway family of companies, was founded in 1937 with a $500 loan to Rose Blumkin, a Russian immigrant known to most as Mrs. B. She opened the store in the basement of her husband’s pawn shop and continued to work in the company until she was 103. To read more about the timeline of the company, click here.
The Nebraska Furniture Mart of Texas will be the company’s first Texas location. Nebraska Furniture Mart also has locations in Omaha, Nebraska, Des Moines, Iowa, and Kansas City, Kansas. The company currently has approximately 2,700 employees.
“We love the growing excitement in the region for our one-of-a-kind home furnishings shopping experience, which will bring something totally new and unique to North Texas,” says Jeff Lind, chief strategy and development officer of Nebraska Furniture Mart. “Mrs. B was a visionary who paid attention to her customers and taught her family to do the same. We believe Texans will appreciate our entrepreneurial spirit and unique retail experience.”
— John Nelson