Trader Joe’s Coming to Cole Street: Do Upscale Grocery Stores Improve Home Sales and Values?
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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?
Be still my heart! This news has made my day, Candy! Also, there would seem to be a positive correlation with an upscale grocer entering a neighborhood with home prices and rate of appreciation. All the more reason to pick up an extra bottle of Two-Buck Chuck! I think that vacant building across from 1999 McKinney would be a great location for a grocer in the vein of Draegers or AJ's.
Be still my heart! This news has made my day, Candy! Also, there would seem to be a positive correlation with an upscale grocer entering a neighborhood with home prices and rate of appreciation. All the more reason to pick up an extra bottle of Two-Buck Chuck! I think that vacant building across from 1999 McKinney would be a great location for a grocer in the vein of Draegers or AJ's.
To answer your question, yes, I think upscale grocery stores are certainly a factor when considering a neighborhood. Although, I'd certainly not include Trader Joe's as "upscale" – it's more of a novelty/specialty store, but in that case, it works the same as an upscale store would.
Yes, I know what you are saying, James, it's not an Oakville or Dean & Deluca… but a little more than the average Kroger. I so hope we get a few of those in soon, and I bet we will down at the new Crescent retail brilliance going in across the street from the townhomes.
To answer your question, yes, I think upscale grocery stores are certainly a factor when considering a neighborhood. Although, I'd certainly not include Trader Joe's as "upscale" – it's more of a novelty/specialty store, but in that case, it works the same as an upscale store would.
Yes, I know what you are saying, James, it's not an Oakville or Dean & Deluca… but a little more than the average Kroger. I so hope we get a few of those in soon, and I bet we will down at the new Crescent retail brilliance going in across the street from the townhomes.
Any updates on the TJ's for the Walnut Hill & Central location near The Meadows? Still vacant 42 acres..
That's where I hear the new TJ's will be in North Dallas.
Trader Joes has great wine!
Any updates on the TJ's for the Walnut Hill & Central location near The Meadows? Still vacant 42 acres..
That's where I hear the new TJ's will be in North Dallas.
Trader Joes has great wine!