Due to a couple of recent retail developments, I predict some smiling shoppers both north and south of the LBJ loop.
First, Old Navy has just signed a lease for its first new store in the entire United States in over two years. The site is also Old Navy’s first location ever inside the loop. The company will open a two-level, 23,326 square foot flagship space at the Shops at Park Lane located at the southeast corner of Park Lane and U.S. 75.
Second, Urban Outfitters just signed a lease for its first store north of the loop. The 9,550 square foot lease at The Shops at Legacy is the company’s third store in Dallas/Fort Worth. The store is scheduled to open in the fall of 2010.
Good news for Dallas, good news for these retailers, and great news for shoppers north and south who have been awaiting these concepts.