Retail Watchers

Somehow this completely flew under the radar, but a couple of weeks back, the Dallas Morning News reported that Greystar Real Estate Partners will be constructing a 10 story residential property at Live Oak and Texas Streets in East Dallas. This development will be anchored by a Tom Thumb, making this store the second location to be built in the Downtown Dallas vicinity (and the third urban-format store for the chain, also including the recently-announced Fort Worth urban store). I am excited to see what this store looks like when complete; there are currently no grocers in the immediate area and this location will likely be immensely successful considering the rapid gentrification taking. Overall, it seems Albertsons is taking a preemptive strike is these dense urban areas to prevent expansion opportunities for Kroger/HEB/other competitors.

http://bizbeatblog.dallasnews.com/2016/ ... tore.html/

architect wrote:Somehow this completely flew under the radar, but a couple of weeks back, the Dallas Morning News reported that Greystar Real Estate Partners will be constructing a 10 story residential property at Live Oak and Texas Streets in East Dallas. This development will be anchored by a Tom Thumb, making this store the second location to be built in the Downtown Dallas vicinity (and the third urban-format store for the chain, also including the recently-announced Fort Worth urban store). I am excited to see what this store looks like when complete; there are currently no grocers in the immediate area and this location will likely be immensely successful considering the rapid gentrification taking. Overall, it seems Albertsons is taking a preemptive strike is these dense urban areas to prevent expansion opportunities for Kroger/HEB/other competitors.

http://bizbeatblog.dallasnews.com/2016/ ... tore.html/

With this (it's not East Dallas, it's east of downtown Dallas...East Dallas would be close to Mesquite), Fort Worth, and the Uptown store, it is becoming increasingly clear that TT will be the name of choice for stores in the urbanized Metroplex area. Sherman just renovated as an Albertsons, so maybe the suburban stores will remain as such (though no stores from any brand appear on the horizon for newer suburbs).

Related: Another Dallas-area Albertsons remodel grand opening. ("LLC" decor)
Revamped Albertsons in Sherman after 5 months of work

SamSpade wrote:Related: Another Dallas-area Albertsons remodel grand opening. ("LLC" decor)
Revamped Albertsons in Sherman after 5 months of work

Yeah, I mentioned that in another post. The thing that I talked about was not the additions (as major as a Starbucks and a drive through pharmacy are to the main store and the people that go to it, such things are standard) but rather the fact that they would likely reopen the closed-down Albertsons Express in front of the store.

Update on this store: A few weeks ago, a massive windstorm passed through DFW which caused extensive damage across the region. Of note which was covered nationally, a tower crane at this resident development collapsed and fell over across an adjacent large apartment building, deeming that building completely uninhabitable. For now, both buildings appear to have extensive damage and nothing has occurred on either site since then, likely due to insurance investigation/settlement issues. I would not expect this store to open for some time if the building under construction was even still inhabitable at best.

After numerous delays, this store is finally open:

https://www.dallasnews.com/business/ret ... permarket/

architect wrote: ↑November 5th, 2020, 10:36 pm After numerous delays, this store is finally open:

https://www.dallasnews.com/business/ret ... permarket/

Not a bad looking store but would think Market Street would be a more productive format to use.

I wonder what sort of recipes the bakery uses that involves ice cream (Blue Bell mentioned in article). Do they make ice cream cakes in house?

When Albertsons and Safeway merged 5 years ago, many analysists predicted the combined Dallas operations would be sold off to HEB as a way to reduce debt. Albertsons has closed numerous stores and lost a few points in market share, but it's great to see them opening new stores.

Bagels wrote: ↑November 8th, 2020, 12:03 pm When Albertsons and Safeway merged 5 years ago, many analysists predicted the combined Dallas operations would be sold off to HEB as a way to reduce debt. Albertsons has closed numerous stores and lost a few points in market share, but it's great to see them opening new stores.

I think there are a variety of reasons why a sale of those operations to HEB simply would not happen. The wrong stores, too old of stores, in some cases too small of parking lots to fit the volume HEB does, the wrong store sizes, in the wrong locations. Also the union situation. HEB would possibly step in and take some vacant stores over if a market exit like Dominicks and Genuardis was done took place but even at that they do not seem to be in any hurry. Their handling of the Minyard Sun Fresh real estate has been surprising as well and shows they have no big plans to make a splash into Dallas on a wider scale anytime soon.

I think WinCo moving into Dallas caused HEB another "pause" on making further inroads into Dallas beyond their current limited operations there.