roanoke, texas | denton county · oetos se e sete te o ot eeset te et o te eoe o te ste teeoe so ot...

NWQ of S.H. 114 & S.H. 170 PAD SITE AVAILABLER o a n o k e , Te x a s | D e n t o n C o u n t y

Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2018

Edward [email protected] x 102

David Davidson, [email protected]

214.526.3626 x 101

Ryan [email protected]

214.526.3626 x 105

Ryan [email protected] x 115

Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with

respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2018


Available to areaUTILITIES:

PROPERTY OVERVIEWSIZE: ± .77 Acres

DEMOGRAPHICS:2018 Population 1 Mile:2018 Population 2 Mile:2018 Population 3 Mile:% Proj Growth 2018-2023 1 Mile:% Proj Growth 2018-2023 2 Mile:% Proj Growth 2018-2023 3 Mile:2018 Total Daytime Population 1 Mile:2018 Total Daytime Population 2 Mile:2018 Total Daytime Population 3 Mile:2018 Total Daytime Employees 1 Mile:2018 Total Daytime Employees 2 Mile:2018 Total Daytime Employees 3 Mile:2018 Median HH Income 1 Mile:2018 Median HH Income 2 Mile:2018 Median HH Income 3 Mile:2018 Average HH Income 1 Mile:2018 Average HH Income 2 Mile:2018 Average HH Income 3 Mile:2018 Median Home Value 1 Mile:2018 Median Home Value 2 Mile:2018 Median Home Value 3 Mile:

4,12217,02228,196

3.754.063.58

5,57314,90825,2913,9247,450

12,074$89,070$94,409

$106,115$115,141$118,191$137,179$267,901$265,939$293,451

PD - 2007 - 119All regulations in B-2ZONING:

S.H. 170: 50,512 VPDU.S. 377: 44,810 VPD

TRAFFIC COUNTS:




NotesFront 44 at Circle T Ranch - Phase 1 [Mixed-Use component of Circle T Ranch]• Land: 44 acres• Retail: 150,000 sf; merchandising plan as follows: 40,000-50,000 sf F & B / 25,000-35,000 sf entertainment / 15,000-20,000 sf fitness / 35,000-45,000 sf fashion + service retail• Office: 70,000 – 80,000 sf • Hotel: Two flags - one 125-150 room boutique and one 150-200 room business select• Living: 375 residential units

Charles Schwab: Phase I under-construction - 550,000 sf with +/-2,500 employees and a scheduled occupancy of Q2 2019; Phase 2 in planning with +/- 2500 employees and a scheduled occupancy of Late-2020

Circle T Masterplan• Land: 2,500 acres• Front 44: Mixed-use component (see above)• Fidelity: 1.2 million sf with 6,400 employees; land owned for two future phases that could double employee count• Deloitte University: 50,000 employees attend annually (800-room hotel/training center for employees across the nation)• Entitled for 10 million sf of additional office on remaining 900 acres

Alliance Gateway 18.9 Million SF Developed (Q2 2018) 14,495 total jobs created (Q2 2018)

Office/Employment Base in Immediate Trade Area

TD Ameritrade: New 300,000 sf facility in Southlake off SH 114 opened in December 2017 with 2,000 employees Granite Place at Southlake Town Square: New 158,000 sf office building in lease-up Kimball Park Office Park Southlake: New 115,000 sf office building in lease-upCompany Employees Distance (mi) Fidelity Investments 6,000 1.8 Solera, LLC 5,442 3.2 Charles Schwab * 900 .25 Sabre Corporation 2,736 3.4 ATC Logistics & Electric, Inc. 2,400 2.1TD Ameritrade 2,000 3.5 * Charles Schwab to have 5,000 employees at Circle T by 2020




Charles Schwab expands footprint in DFW with new deal at AllianceTexas

San Francisco-based Charles Schwab Corp. (NYSE: SCHW) has decided to expand its North Texas footprint ahead of the completion of its new regional campus in Westlake as the financial giant gears up for growth in the region.

Last year, Charles Schwab began construction on its new regional Dallas-Fort Worth campus, which could house upwards of 5,000 employees upon full built-out.

In the meantime, the financial services firm has signed a lease for about 60,000 square feet at Heritage Commons II at 13500 Heritage Parkway in Fort Worth’s AllianceTexas, adding to its existing operational footprint in the region.

“They feel the market is robust enough they can support more staff and resources in North Texas,” Kyle Jacobs, managing partner at Dallas-based Rubicon Representation LLC, told the Dallas Business Journal. “This is the tip of the iceberg for some of their growth outside the campus.”

Rubicon Representation, in a partnership with Austin-based Aquila Commercial, represented Charles Schwab Corp. in the deal. Steve Aldrich of Fort Worth-based Hillwood represented the landlord.

This office will help Charles Schwab house operations for their near-term needs as they prepare for additional growth in Westlake next year. The firm also has an existing office of roughly 140,000 square feet in the nearby city of Roanoke.

The initial phase of the Charles Schwab campus at Ross Perot Jr.’s Circle T Ranch will total 1.4 million square feet of office space, enough room to accommodate 2,600 employees as the firm expands its operations in the Lone Star state. The initial phase is slated for completion in 2019.




Schwab now expects to bring 2,600 jobs to new campus north of Fort Worth

Charles Schwab & Co. says its new campus now under construction in Westlake could house up to 2,600 employees, more than double the number it previously projected.

The company’s founder Charles Schwab, Texas Gov. Greg Abbott and local leaders from Westlake and surrounding cities gathered earlier this week at the nearby Circle T Ranch to celebrate the beginning of construction of the $100 million complex, which is scheduled to open in 2019. The campus is part of a broader development on the corner of the ranch at Texas 170 and Texas 114 which also will include a 200-room hotel, about 275 residences and a million square feet of office and retail space. The property is border of Tarrant and Denton counties, about 23 miles north of downtown Fort Worth. In Texas, Schwab also has facilities in Austin and El Paso, with a combined employment of 2,500 workers. Schwab’s corporate headquarters will remain in San Francisco, and its Westlake campus will become one of 10 regional employment centers. Nationwide, the company has 16,000 employees working in 10 centers, and more than 340 retail branch offices.

“Texas is an important part of the Schwab family, and we’re glad to put another stake in the ground here,” the founder of the discount brokerage said in a statement. “We’re very optimistic about where we’re headed as a company and our future here in Texas. One of Texas’ great strengths is its optimism and perseverance, which we’ve seen in such a dramatic way in the face of the recent Hurricane Harvey.”

Dennis Howard, Schwab’s executive vice president and chief information officer, added: “We’ve been present in Dallas-Fort Worth for 40 years, but we are excited to deepen our roots by opening a major employment center here. We have already begun to tap into the tremendous talent in and around Westlake, and are eager to ramp up our recruiting efforts as we build our campus.”

Larger workforce

Last year, when plans for the Schwab campus were disclosed, the company said that at least 1,200 employees would be based in Westlake. wab has previously disclosed in its plans for the Westlake campus. The project received a $6 million grant from the Texas Enterprise Fund. Schwab is also set to receive 10 years of local property tax abatements, as well as a sales tax reduction on construction materials, said Tom Brymer, Westlake’s town manager. Also attending the groundbreaking were officials from Hillwood Properties, who are developing thousands of acres in the AllianceTexas corridor including the former Circle T ranch, as well as elected leaders from Westlake. Company officials also renewed their commitment to Texas nonprofits through the Schwab Charitable funds, which supports the American Red Cross, Rebuild Texas Fund and the Hurricane Harvey Relief Fund, among others. Schwab also supports Boys & Girls Clubs of America and Donors Choose in rebuilding hurricane-damaged clubs and classrooms, they said. More than 350 Schwab employees are already in the area, many working from temporary space on Roanoke Road. The leased space can accommodate up to 900 employees, and additional hiring is ongoing. The new campus will include the existing Turner Lake, as well as a public park in Westlake.

Mixed-use development

The Westlake facility will include office buildings on a 70-acre site, with amenities such as a care and large assembly and training center. It will be part of a 130-acre, mixed-use devel-opment overseen by Hillwood and The Howard Hughes Corp. The Schwab project is being overseen by DPR Construction, and the architect is Corgan. The architecture at the Westlake development will resemble the ranch/contemporary Hill Country designs seen at other public buildings in the city, including Westlake Academy, Deloitte University and the nearby Vaquero development. The Hillwood/Howard Hughes development will not use government benefits to cover any of its costs, Hillwood Properties president Mike Berry said last year.




Another Day, Another Million Square Feet at Alliance

The addition of Alliance Northport 3 adds the next generation of flexible industrial space to the AllianceTexas portfolio and expands the development’s presence deeper into Denton County. Alliance Northport 3, a speculative industrial building with more than 1.03 million square feet, is soon to be underway at Alliance Northport, a 260-acre portion of AllianceTexas. Initial plans are to build the 1.03 million-square-foot facility, but the site can accommodate more than 1.2 million square feet and provide additional trailer storage when fully expanded, according to Hillwood. The firm is the developer of the 26,000-acre master-planned mixed-use AllianceTexas development covering portions of northern Tarrant and southern Denton counties. AllianceTexas is an 26,000-acre master-planned community anchored by the world’s first industrial airport. It includes the Alliance Global Logistics Hub, Circle T Ranch and Alliance Town Center projects.




Talking shop — Roanoke ChopShop Live, that is — with Randy Rogers

ChopShop Live will have its grand opening July 14, 2018, in Roanoke, Texas. The a sports bar/entertainment venue comes from Texas country singer Randy Rogers and Dallas-Fort Worth restaurateurs Joshua Babb and Sean Clavir. When the Roanoke location of ChopShop Live was announced near the beginning of 2017, it was called ChopShop Live with Randy Rogers, getting its name from the Cleburne-born Texas country singer who is involved in the sports bar/music club. It’s now Roanoke ChopShop Live, and Rogers will be there at its grand opening on Saturday. But aside from some online viewing, the first time he will see the place is the day before the grand opening. “I haven’t even seen it with my own eyes,” says Rogers, who is now based in New Braunfels and hasn’t been to Roanoke since the groundbreaking. “I’ve been on the road, so I haven’t physically taken a tour. I’ve taken a virtual tour, like on FaceTime, seen it like that. But everyone that’s seen it, they’ve been so impressed.” ChopShop already has a Carrollton location, but the Roanoke version, which actually opened last weekend, is much larger. It’s 22,000 square feet, indoor and outdoor, with a large stage and a seating area that can be made to accommodate 250 to 1,200 people, depending on the popularity of the bands performing. At the grand opening, Wade Bowen is scheduled to perform. Rogers is simply scheduled to appear at the grand opening, but don’t rule out him getting onstage. “I’m there all day,” Rogers says. “I’m going to be part of the ribbon-cutting, and kind of the master of ceremonies. Probably if I have a couple of beers I’ll end up onstage,” he adds with a laugh.

Most of the bands scheduled the first couple of months are cover bands and tribute acts, albeit some really popular ones such as Le Freak and AC/DC tribute Back in Black, along with local favorites such as Dallas’ Eleven Hundred Springs (scheduled for Aug. 11, days after they help open Texas Live! in Arlington). Rogers hopes to be able to bring in some even bigger-name acts down the road. “There’s going to be a little bit of a curve, because first of all, we have to prove ourselves,” he says. “A lot of times, too — I’m a good example, I’m booked up through the entire year already. They’ll be a lag in getting some of the touring bands that come from all over the state and other states into Chop-Shop Live, but I think it’s a great way to have a live music venue that just services the local folks there in Roanoke. Sometimes you just want to go out and hear a cover band, and sometimes you want to hear a tribute band.” Rogers is in a partnership with Rock Libations, formed by restarauteurs Joshua Babb and Sean Clavir, whose restaurants include Musume in downtown Dallas, Shooters in Victory Park, and Prohibition Chicken in Lewisville. “My goal, my vision, when I got on board with Josh and Sean was to give them direction in regards to the music,” Rogers says. “One thing I didn’t want to do is limit us as a Texas country venue. ... I don’t think it should even be limited in genre of music. It’s a stage where the community can use it as well, for community events [and] private parties.”

It’s as much (if no more) as sports bar as it is a music venue, and the predominant theme is NASCAR — except when the Dallas Cowboys are playing. Inside the Quonset Hut-style building, there are 18 TVs, including a Jumbotron that counts as half of them (it can show one event large, as it was doing with a Serena Williams match at Wimbledon during a Tuesday-morning walkthrough, or show events on nine screens, as it’s likely to do during football season). The idea is a sports-garage sports bar made out of car parts, according to Clavir, but the Cowboys take precedence over everything else. The Carrollton location has a car theme, too, but it’s more fitting in Roanoke, roughly five miles away from Texas Motor Speedway via Texas 114.

The walls are decorated with auto hoods and other body parts, including a piece of a car driven by NASCAR star Kyle Busch, but the Cowboys also get their due, with jerseys from Jason Witten, Michael Irvin and Jay Novacek among the items framed on the walls. The fender of a Corvette with a CHOPSHOP license plate butts out of a wall near the entry, and a Harley chopper stands in the center of the room. A NASCAR suite is outside near the stage, with more car parts, some of them provided by TMS. Clavir says that the venue is designed so that if you just want to come and have dinner or drinks without paying attention to the bands, you can; but you can also hang out on the large outdoor patio, including a portion with seating at the bar. About 50 beers are available on tap and in cans and bottles, including offerings from North Texas breweries such as Fort Worth’s Rahr & Sons Brewing and Granbury’s Revolver Brewing Co.

Although the Carrollton location’s menu has several items that extend the automotive theme (right down to a vegetarian burger called the Prius), the Roanoke location mostly steers clear of the car puns, although there is a burger called Randy’s El Camino (it comes with candied jalapeño bacon on a potato bun, but shouldn’t an El Camino be open-faced?) and another one called the Buick (a mushroom-Swiss with caramelized onions on toasted sourdough). And then there’s the “Hillbilly Meat board” appetizer sampler: fried chicken feet, charred Spam, pickled pigs feet, fried bologna, Cheez Whiz and oyster crackers. Most menu items are in the $8 to $14 range, with a couple of exceptions including an $18 chicken-fried rib eye. Cocktails do carry the car theme: Lightning McQueen (Stoli orange with cranberry and Red Bull); Smoky and the Bandit (Angry Orchard Cider, 2 Gingers Irish Whiskey); Mustang Sally (Smirnoff sourberry lemon vodka, Sprite, cranberry). There’s more, but you get the idea. There are also “Bomb Buckets” of boozy concoctions that serve two to four people. Roanoke, already known for aggressively attracting restaurants, has seen a wave of openings within the past 12 months or so, almost all of them on the south end of the Oak Street strip where ChopShop Live is. Neighbors include Craft & Vine, the Wharf Steak & Seafood, sushi-and-more spot Foster’s and Wise Guys pizzeria. Stacks Biscuit House is expected to open across the street before the end of summer, and Los Compadres Cantina is under construction nearby. All that has made for some parking frustrations, but a free parking garage just opened, within walking distance of ChopShop and its closest neighbors. Rogers, who is due to release his ninth studio album in the fall, tours practically nonstop; he and Bowen are embarking on their annual and wonderfully named “Hold My Beer and Watch This” tour, and he and his band with headline the Texas Summer Jam Presented by Whataburger with Randy Rogers and Friends (whew!) on Aug. 25 at the Pavilion at Toyota Music Factory in Irving. But he also does a lot more than perform: He is involved in music management, a couple of other music venues and the Cleburne Rail Roaders baseball team, among other projects. “The music business itself is a tough one, it’s a daunting busi-ness,” he says. “I think that diversifying is key. I’m trying to create revenue streams that are going to be around to help support the family for a long time. Being a singer-songwriter, being a musician, using that platform to maybe start and create other businesses in the entertainment industry ... really, is my livelihood.” And it’s entirely possible there will be more ChopShops. “[In New Braunfels], I’ve been approached by developers that are doing mixed-use living, working, playing kind of environments, and that’s an example of another great opportunity for us to put up a ChopShop.” he says. “In the coming years, I think you will see more of our concept in different cities.”




AllianceTexas Generates Economic Impact of $69 Billion

In the span of 27 years, from 1990 to 2017, AllianceTexas generated $69.08 billion in North Texas, and roughly $4.73 billion in 2017 alone. These numbers come from an annual report by Insight Research Corporation.

AllianceTexas is a master-planned community anchored by the world’s first industrial airport. Alliance recently opened two new aircraft hangars, new services for Hillwood airways, and completed a runway extension project to increase air cargo capacity. AllianceTexas developments include the Alliance Global Logistics Hub, Circle T Ranch, and Alliance Town Center.

Private investment in the development is estimated at $8.22 billion, while public investment exceeds $689 million. The 26,000-acre mixed-use community has created nearly 48,800 jobs. It has increased tax revenue for nine public entities including five cities (Fort Worth, Roanoke, Haslet, Northlake, and Westlake), two counties, (Tarrant and Denton), and two independent school districts (Keller and Northwest).

As for future economic impact, Hillwood is partnering up with IPI Data Center Partners Management to develop the T5@Alliance Data Center. This comes on the heels of opening the first phase of Facebook’s $1 billion data center.

And, Charles Schwab Corporation is underway building Circle T Ranch, its regional corporate campus which is expected to bring more than 5,000 employees. Mercedes-Benz financial services is leasing a new 200,000-square-foot facility, bringing in 900 jobs. UPS also plans to open a second parcel sorting facility at the development.

“I’m proud to say that AllianceTexas is also leading the way for the region in attracting high-paying jobs in the technology and financial services industries, while also seeing a great deal of e-commerce expansion,” Hillwood President Mike Berry said in a statement.




Will a longer runway at this Fort Worth airport help land more jobs?

The long-awaited extension of two runways at Alliance Airport is now complete, clearing the way for the north Fort Worth’s privately-run cargo airfield to expand its services to include companies wishing to ship freight as far away as Europe. The airport was already a major regional hub for FedEx and other companies. But now the extension of the runways to 11,000 feet makes it possible for Alliance Airport to accommodate any overseas expansion plans those companies have and also attract new cargo firms — and jobs to north Fort Worth — said Tom Harris, president of Alliance Air Services.

“On a hot summer day when it’s 98 degrees, an aircraft fully loaded with fuel and cargo takes longer to get off the ground,” Harris said. “You need a longer runway to allow for that to happen. For a wide-body aircraft, with 11,000 feet, air freight airlines can now fly from Alliance nonstop to Europe, whereas before they would have had to fly somewhere along the East Coast, perhaps to Bangor, Maine, to stop for fuel, which is something the airlines don’t like to do.”

The extension of runways 16R/34L and 16L/34R — which were previously 8,200 and 9,600 feet long, respectively — as well as Taxiway A at the north end of the airfield took more than two decades of planning and about $260 million worth of construction. It required relocating several miles of Farm Road 156 to make room for the runways. A section of railroad main line track belonging to Fort Worth-based BNSF Railway also had to be relocated to make room for the airfield improvements. Alliance Airport, which is billed as the world’s first purely industrial airport, was developed by Hillwood and opened in 1989.

Hillwood chairman Ross Perot Jr. this week described the runway extension as “another major milestone for AllianceTexas.”

Alliance Airport is part of AllianceTexas, a 26,000-acre master-planned community that includes several miles of residential, retail and commercial development, much of it along the Interstate 35W corridor. It includes the Alliance Town Center and Circle T Ranch developments.

“With the completion of the extended runway, Fort Worth Alliance Airport is better positioned to serve the needs of our customers today and long into the future,” Perot said.

AllianceTexas has created 48,800 jobs and has more than 2.6 million square feet of retail, restaurant, medical and entertainment space as well as single-family and high-end apartments. The development has generated more than $69 billion in economic impact for the North Texas region, Hillwood officials say. Construction on the runway extension actually began in 2003, when the area north of the airfield was leveled and filled with more than 4 million cubic yards of dirt. But the actual laying of new pavement began in 2015. The work was substantially completed last month. The project involved the Federal Aviation Administration, Texas Department of Transportation, Tarrant County and Fort Worth. Virginia-based Lane Construction was the general contractor. AllianceTexas is the nucleus of job and residential growth in north Fort Worth. In all, there are 488 companies and 48,800 jobs within the master-planned community’s boundaries, officials said. Companies use the airport for corporate general aviation and global logistics services, aviation manufacturing, maintenance, training and workforce development. At times, especially during race weekends at nearby Texas Motor Speedway, it’s not uncommon for hundreds of travelers to arrive and depart at Alliance Airport through its general aviation and corporate services area. However, there are no immediate plans to offer regularly scheduled passenger service at Alliance Airport anytime soon, Harris said.

“I’m one of those guys who never says never, but it’s just not something we’re focused on,” Harris said. “We are focused on all the other things out there, (including) general aviation, business aviation, helping our military.”




The Wharf, the new venture from chef Erin Miller, drops anchor in Roanoke

Chef Erin Miller introduced her newest venture, The Wharf Steak and Seafood, on March 25 on Oak Street in Roanoke. Miller spent three years as sous chef of The Classic Café just down the street. She was also a part of the team that opened Texas Bleu steakhouse in Keller. When she parted ways from that restaurant group in October 2016, she vowed to return with a restaurant that she could call her own. The interior of The Wharf, glimpsed during a soft opening the previous Wednesday, is devoid of common seafood restaurant kitsch — no ropes, buoys, fishing nets or mounted trophy fish. Instead, it is clean and unified with a few hits of red, from its logo lobster design to the red lantern candle holders glowing at the center of each table. It is also carried through in some of the button-tufted upholstered banquette seating. Otherwise, the tone is muted with cream-colored walls, wood-look plank tiles on the floor, neutral brick wall accents and white tablecloths. The feeling is very open, with a wall of windows facing the Oak Street view. Miller has been embracing her Irish heritage more and more these days, since a DNA test came back with a 97 percent link to the Emerald Isle. She found out on a recent exploration of the old country that she had a few Irish fishermen in her family line. Miller named the restaurant after she got to visit the very spot in Limerick, Ireland, where her great-great-grandfather had his tobacco shop — right on the wharf. Unique lighting features imported Irish Whisky barrels and hand-made dangling green glass Jameson bottles.

At the soft opening, I was treated to a sample of the Maryland crab cake, which will be on the menu. The crusty cake has no filler, just luscious lump crab meat and a mustard tang in the seasoning. It is served alongside a remoulade sauce with a nice hit of horseradish. This will be served with jumbo shrimp on a ($14) appetizer. Likewise, the bacon blue cheese stuffed mushrooms ($12) had great flavor, filled with blue cheese and bacon, and a crust of bread crumbles and brown butter. To back up the bold lobster logo which is in neon over the front door, there will be a hearty lobster salad ($19) with mixed greens, cherry tomatoes and red onion slices in a house-made vinaigrette, and a lobster bisque in cognac ($8) with fresh lobster meat bobbing in the rich and creamy soup. The menu has a couple of steaks and a surf-and-turf offering (with more lobster tail), but the seafood should be the prized catch. The pan-seared salmon ($21) was presented with an attractive and crusty, seasoned top, served skin-on with broccolini, fire-grilled vegetables and an aioli sauce. Expect grilled halibut with lemon butter, pan-seared scallops in brown butter and a fried platter featuring octopus and jumbo shrimp with grilled lemon on the side to round out the opening menu.

Roanoke, designated by the Texas House of Representatives as “The Unique Dining Capital of Texas,” is exploding at present.

The new city hall, which will anchor bustling Oak Street, is going up quickly. Another recent addition to Roanoke’s dining lineup includes Craft & Vine Taproom & Eatery, which is housed in the same newly constructed building as The Wharf. Just last June, the Peabody Hotel in Memphis announced plans for another full-service Peabody Hotel (including its famous marching ducks) to be built adjacent to the new city hall. With around 50 restaurants, and many popular ones dotting Oak Street, Roanoke has parking issues. It has recently constructed more parking lots to help with overflow, but when those are filled to capacity, customers need to wear their comfy shoes and plan on walking several blocks. It might be time for Roanoke to introduce a few valet stands. The parking issues are just part of the growing pains and will hopefully get sorted out quickly to accommodate the growing throng headed to dine in Roanoke.




Developer Revitalizing Historic Downtowns in DFW Suburbs Shares His Recipe for Success

In 2014, Money Magazine named a suburb of Dallas-Fort Worth the best place to live in the nation. The honor went to McKinney, and the magazine cited its redeveloped historic downtown with cobblestone streets and brick buildings that house “a mix of art galleries, boutiques, and farm-to-table restaurants, as well as basics like a butcher, shoe repair, and farm-supplies stores” as one of the major reasons for the win. Revitalizing historic downtowns is a trend that’s caught on in North Texas. It’s something Scott Polikov of Gateway Planning Group Inc. is an expert at; his firm is responsible for the downtown redevelopment in McKinney, Duncanville, Roanoke and several cities in other states, and he’ll be working on Frisco’s in the near future. By why pour money into revitalizing downtowns?

“If you don’t redevelop, you’re not going to lose anything, but you’re not going to make an increase in sales tax and property tax that your city can then reinvest. If you’ve reinvented your downtown for the next century, that will keep generating taxes,” Polikov says. “The reason these historic centers are so attractive is they provide an authentic experience. Not everybody wants to be in a contemporary environment.”

A former attorney in Washington, D.C., Polikov went back to school for urban planning after serving on the board of Capital Metro (Austin’s version of Dallas Area Rapid Transit) and witnessing the dysfunction firsthand.

“I became a student quickly of the disconnect between our investments in transportation and place-making. I just knew that was my calling,” Polikov says. “Walkable urbanism is the common denominator of all our work.”

And Polikov says reversing “leakage” is the most important principle in creating a successful downtown. “Leakage is when people take money from one place, where they work or live, and spend it elsewhere,” he explains. “We try to figure out how to have people spend money in the historic centers where they live or work and attract others to come in to also spend their money.” Polikov’s firm made its name in downtown revitalizations with Roanoke, a town of only 7,000 off State Highway 114 halfway between Fort Worth and Denton. In 2004, when the town started the project, Roanoke was dead, according to Polikov, except for Babes Chicken Dinner House and The Classic Café. Car-repair shops dotted the main drag. It wasn’t somewhere you’d go to hang out. When Polikov stepped in, the town wasn’t shopping around for a redevelopment. It was simply trying to settle a dispute about whether it would make more financial sense to earmark part of downtown for residential use or keep it commercial. Polikov offered an alternative.

“A comprehensive downtown redevelopment could accommodate all those interests instead of having to pick and choose,” he says. “They decided to redo two-thirds of a mile on Oak Street, which is their Main Street, for $8 million. We did a market study and projected the increase in tax base [and found they would] receive that back in property taxes and in sales tax within 20 years, which was a very conservative estimate. It turns out that $8 million paid back in 10 years.” Now, Roanoke has become a destination, attracting restaurants such as Twisted Root and Hard Eight BBQ and even the Peabody Hotel straight out of Memphis. Babe’s Chicken Dinner House served 175,000 meals per year before the redevelopment and had wait times of two hours as one of the only places to eat in the area; it’s now grown its business to serve 300,000 meals per year. The Texas House of Representatives gave the city the title of “The Unique Dining Capital of Texas.” It’s a term called “agglomeration,” Polikov explains. Businesses are attracted to open near other successful businesses, even if they’re direct competitors. Instead of detracting, it becomes a synergistic relationship.

“It’s why car dealers tend to cluster; it’s a grow-the-pie-together concept,” he says. “Downtowns really thrive on the clustering of restaurants.”

There’s something of a special recipe that makes these revitalized downtowns so successful. The ingredients aren’t a secret, but they all have to be present to make the sauce come together.

Polikov’s recipe for main street success includes points such as:

1. Connect downtown to neighborhoods around it with infrastructure like sidewalks and bike paths.2. Attract more restaurants, shopping and venues, so downtown becomes an entertainment destination and the area retains people after dinner is over.3. Create clear destinations and intuitive layouts anchored around public spaces, so people can navigate easily through the revitalized area.4. Make shared parking a priority. Every business can’t have its own lot, or it interrupts the flow of foot traffic.5. Connect downtown to the surrounding neighborhoods with appropriate residential “infill” as well as with infrastructure. For instance, townhomes make a great buffer between historic Victorian houses and dense urban apartment blocks.

It all sounds intuitive but oftentimes isn’t for developers. Polikov says something as simple as building scale has to be considered when making a downtown easy to navigate.

“The key is the historic cores already have the bones, the DNA. It’s already there, so how can you take advantage of it in the modern context?” Polikov asks. “You don’t want to sterilize an authentic downtown in the name of progress.”




Peabody Hotel looks to expand

Peabody Hotel is looking to expand outside Memphis.

The company that manages Peabody Hotel said it is beginning to research and evaluate properties where it could build new Peabody hotels in other cities.

Each hotel would retain the world-famous duck tradition, by housing and caring for five ducks.

One 300-room hotel has already been confirmed in Roanoke, Texas.




Tiny town has big dining buzz, as its mostly local restaurant row just keeps growing

Eight years after the Texas Legislature named Roanoke “The Unique Dining Capital of Texas,” the small town continues to live up to that name, attracting more new one-of-a-kind restaurants. Though only 5.3 square miles in size, Roanoke boasts more than 50 restaurants, putting it on par with cities five times its size. The newcomers include chef Erin Miller’s The Wharf Steak and Seafood, which is scheduled to open mid-January. Miller said she is excited about joining the abundance of locally owned eateries downtown.

“I love the fact that there’s no chains there,” said Miller, previously of Texas Bleu Steakhouse. “They embrace the self-owned kind of business and I love that. I’m an independent and an artist. I don’t want anybody to tell me what to do.”

Roanoke officials have made a deliberate effort to bring locally owned restaurants to Oak Street. Craft & Vine Taproom & Eatery, Foster’s Sushi/Seafood Bar & Grill and Wise Guys Pizzeria are among the restaurants that opened recently in downtown.

“In the downtown area we strive to maintain the unique, eclectic, small-town charm with smart, selective growth,” said Cody Petree, director of community and business development for Roanoke.

Other restaurants coming to downtown include Chop Shop Live and Stack’s Biscuit House. The U.S. 377/Texas 114 junction continues to be a hot spot for restaurant growth, with Sunny Street Cafe and The Brass Tap currently under construction.

“We have numerous business negotiations in the works that are confidential at this point, but once finalized will add to the unique, vibrant destination that Roanoke has become,” Petree said.

Chef Jeff Williams and his Taste Project, a nonprofit, has an ambitious goal: a pay-what-you-can dining concept that helps the hungry while offering food that’s the equal of its neighbors’ in Fort Worth’s Near Southside. Taste Community Restaurant

Miller is a fourth-generation chef who has been working on every facet of the menu, decor and hiring for The Wharf, so that she can open by mid-January. The 5,000-square-foot restaurant will be on the first floor of the new building at 310 S. Oak St. Miller built Texas Bleu from the ground up, but she had partners for that venture. She has since broken ties with that restaurant, freeing her up to focus entirely on The Wharf, where the design will be heavily inspired by Irish pubs. Her great-grandfather had a tobacco shop on a wharf in Ireland, hence the name of the restaurant.

“I’m making it feel like home,” Miller said. The menu will feature fish from Norway and certified Angus beef. The fish won’t be chopped up until someone orders them. The lobsters are from Brazil and will be kept in a live tank. And the kitchen will be open for all to see. The location puts The Wharf in the heart of Roanoke’s restaurant row and right next to the future City Center project, which will feature mixed-use development.

“I love all the stuff that’s coming to Roanoke,” Miller said. “The location of The Wharf is killer prime.”

Also coming to Roanoke is Sunny Street Cafe, with its fifth North Texas location. It is expected to open in February at 1212 N. U.S. 377. The 3,000-square-foot restaurant will serve breakfast and lunch daily, from 6:30 a.m. to 2:30 p.m.

“We think Roanoke is a great market for what we’re doing,” said Mike Stasko, vice president of Sunny Street Cafe. “It really has a mix of offerings there.” Ohio-based Sunny Street also has locations in Little Elm, North Richland Hills, Haltom City and Weatherford. About a quarter of the company’s restaurants are in North Texas. A sixth location is planned in Dallas next year, Stasko said.

Tim Nystrom, owner of Nystrom Hospitality Group, saw the growth in Roanoke and surrounding areas and knew it would be the perfect place for his next concept. “It’s a destination place, so we get a lot of local traffic but also have people coming in from outside the area,” Nystrom said. “There’s a lot of culinary diversity in Roanoke.” He opened Craft & Vine Taproom and Eatery on Oct. 2. It has an enclosed patio, providing a perfect view of the setting sun, and the upscale gastropub’s atmosphere is relaxed and casual. There are 72 taps featuring a mix of craft beer and wine, with many of the former coming from Texas. Aside from his restaurant, Nystrom also is excited about all the other new restaurants that are coming to downtown Roanoke, like new Stacks Biscuit House. The restaurant will be all about biscuits, with from-scratch jams, honey and gravies and is expected to open in early spring.

Approved by the Texas Real Estate Commission for Voluntary Use. Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

INFORMATION ABOUT BROKERAGE SERVICES: Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A bro-ker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Buyer, Seller, Landlord or Tenant

01A TREC No. OP-K

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.

IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not rep-resent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:(1)shall treat all parties honestly;(2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; buyer: and(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and

IF YOU CHOOSE TO HAVE A BROKER REPRESENT YOU:You should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Date

11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material informaƟon about the property or transacƟon received by the broker;• Answer the client’s quesƟons and present any offer to or counter-offer from the client; and• Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly;• May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon.• Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price;ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; andᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate


Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

Davidson Bogel Real Estate, LLC 9004427 [email protected] 214-526-3626

Michael Edward Bogel II 598526 [email protected] 214-526-3626

David Davidson JR. 593731 [email protected] 214-526-3626

N/A N/A N/A N/A

11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material informaƟon about the property or transacƟon received by the broker;• Answer the client’s quesƟons and present any offer to or counter-offer from the client; and• Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly;• May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon.• Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price;ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; andᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name


Designated Broker of Firm License No. Phone

Licensed Supervisor of Sales Agent/Associate


Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

Davidson Bogel Real Estate, LLC 9004427 [email protected] 214-526-3626

Michael Edward Bogel II 598526 [email protected] 214-526-3626Email

Christopher Ryan Turner 672133 [email protected] 214-526-3626

Ryan Petty 676306 [email protected] 214-5263626

roanoke, texas | denton county · oetos se e sete te o ot eeset te et o te eoe o te ste teeoe so ot...

Documents