Trader Joe’s Coming to Cole Street: Do Upscale Grocery Stores Improve Home Sales and Values?

Trader Joes Knox Street

Photo courtesy of the Dallas Morning News

Steve Brown reported this week that I am going to be spending a lot more time down on Knox-Henderson. Why? Because United Commercial Realty confirmed Tuesday that specialty grocer Trader Joe’s, the world of Two Buck Chuck,  is actually going to finish out a store on Cole Avenue just south of Knox Street. This confirms what I have heard for months, that the 13,433 square foot Knox Street Trader Joe’s will replace some older buildings just north of Ed Kellums along Cole Avenue.

This is the third Trader Joe’s store coming to Dallas. One is underway on Greenville Avenue, another to be built in North Dallas. (Sidetrip: where do you think that would be, perhaps the new Valley View Mall? I’ve heard Walnut Hill at Central.) Plano got the first Trader Joe’s up north at Preston and Park, and I hate driving all the way up there. So yes, you will see me, see lots of me, at the new Trader Joe’s in Knox-Henderson.

Steve says, “With Whole Foods going on McKinney Avenue and a Central Market store expected in Turtle Creek Village, residents in Uptown, Oak Lawn and Park Cities neighborhoods will have plenty of new food store options.”

Yep, we are well-fed. Now, how about a Trader Joe’s, Central Market or Whole Foods across from the Ritz or in Victory? Or something on the order of an Oakville Grocery or Draegers?

That would make us the grocery envy of just about everyone.

Question: do upscale grocery stores improve home sales?



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