Monday, August 29, 2011
Trader Joe’s eyes Knox-Henderson for Dallas location
Also: Walnut Hill & 75, and one in Fort Worth.
California chain Trader Joe's made local gourmet food shoppers happy with its announcement in May that it's coming to Dallas, but the company has been elusive about identifying specific locations.
The inevitable response has been speculation and wishful thinking about where Trader Joe's might land. However, we persuaded parties involved with the process to share what they knew, which they agreed to do as long as their identities weren't revealed.
So far, three locations have been ear-marked. According to more than one source, leases have been signed on at least one of these spots:
1. Walnut Hill and Central at the northwest corner: This is the corner where a $300 million development was going to be built until the real estate market took a dive. It's currently a large open field. This location was described as a "done deal."
2. Knox Street: This is the newest spot that's emerged as a choice by TJ's, with more than one person saying it's happening. However, conversation about this location is circumspect, since the address still has a business on site whose lease is almost up.
3. Fort Worth: "A deal has definitely been signed," said one spy, and it's going in "somewhere on Camp Bowie."
In May, Trader Joe's confirmed that the first store in Dallas would open within the year, and that it was considering both inside the city limits and in the suburbs.
These locations do not include the former Whole Foods store on Greenville Avenue, an address popularly speculated on as a candidate. "That is definitely not happening," said one source.
They also do not include Lake Highlands, which tried to launch a "We want Trader Joe's" campaign, reminiscent of the '90s when urban neighborhoods would lobby for a Starbucks.
Trader Joe's is expanding throughout the southeast. A store is opening in Louisville, Ky., a mere 730 miles from Dallas, just up I-30 to I-40 through Little Rock; contractors there say that Trader Joe's has it in "rush mode" to get it open by October. Meanwhile, construction began two weeks ago on a store in Arlington, Va., and another is slated for Knox, Tenn.
Trader Joe's currently has more than 360 stores in 28 states.