{"id":1004708076,"date":"2024-03-28T04:18:03","date_gmt":"2024-03-28T12:18:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004708076"},"modified":"2024-03-28T05:45:34","modified_gmt":"2024-03-28T13:45:34","slug":"trademark-to-transform-dfw-shopping-center-into-mixed-use-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/trademark-to-transform-dfw-shopping-center-into-mixed-use-property\/","title":{"rendered":"Trademark to Transform DFW Shopping Center Into Mixed-Use Property"},"content":{"rendered":"\n<p>Trademark Property Co. will move forward with the redevelopment of Lincoln Square, a 470,000-square-foot shopping center in Arlington, Texas. The developer plans to <a href=\"https:\/\/www.commercialsearch.com\/news\/retail-property-redevelopment-strategies\/\">transform the outdated retail center<\/a> into a mixed-use development with office, retail, hotel, entertainment and residential spaces.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2d447426157&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"2050\" height=\"1540\" data-attachment-id=\"1004708079\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/trademark-to-transform-dfw-shopping-center-into-mixed-use-property\/2024_0320_anthem_lookingnorth\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/2024_0320_Anthem_LookingNorth-e1711624925787.png\" data-orig-size=\"2050,1540\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2024_0320_Anthem_LookingNorth\" data-image-description=\"&lt;p&gt;Located at at the southwest corner of Collins St. and Interstate 30, Anthem is strategically situated between Dallas and Fort Worth.&lt;br \/&gt;\nImage by Dwell Design Studio, courtesy of Trademark Property Co.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Located at at the southwest corner of Collins St. and Interstate 30, Anthem is strategically situated between Dallas and Fort Worth.&lt;br \/&gt;\nImage by Dwell Design Studio, courtesy of Trademark Property Co.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/2024_0320_Anthem_LookingNorth-e1711624925787.png?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/2024_0320_Anthem_LookingNorth-e1711624925787.png\" alt=\"Anthem rendering\" class=\"wp-image-1004708079\" style=\"width:302px;height:auto\"\/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Anthem will take shape at the southwest corner of Collins Street and Interstate 30. <em>Image by Dwell Design Studio, courtesy of Trademark Property Co.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The City of Arlington has recently approved the request for the rezoning of the 45-acre retail center. Trademark had conducted market research, planning sessions, community meetings and engagement with the local community over the past year.<\/p>\n\n\n\n<p>The firm purchased the property from ShopCore Properties in 2022, after some city leaders encouraged the former owner to invest in the shopping center or sell it due to its <a href=\"https:\/\/www.commercialsearch.com\/news\/behind-retailers-store-shuttering-strategy\/\">outdated design and rising vacancy rates<\/a>.<\/p>\n\n\n\n<p>After the acquisition, the City of Arlington forged a&nbsp;30-year public-private partnership with the new owner. The agreement requires an investment of at least $150 million into the property in the next 6 years and the collaboration with residents and leaders on redevelopment plans, as reported by <em>Fort Worth Inc<\/em>.<\/p>\n\n\n\n<p>The Arlington City Council\u00a0agreed to co-invest $14.7 million from its Innovative Venture Capital Fund in the property&#8217;s redevelopment, according to <em>Kera News<\/em>. If Trademark doesn&#8217;t meet the agreement requirements, it will owe $9 million in grant funding.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-rebirth-of-an-outdated-shopping-center\">The rebirth of an outdated shopping center<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/naree-report-retail-real-estates-post-covid-reinvention\/\">Trademark\u2019s strategy <\/a>centers on the redesign and transformation of Lincoln Square into a prominent regional gateway along Interstate 30. The demolition of the 40-year-old shopping center at 1500 N. Collins St. is scheduled to commence in the second quarter of 2025; at the same time Anthem, the new name of the revamped site, will go into effect.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2d447426b7f&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignleft size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"2250\" height=\"1690\" data-attachment-id=\"1004708099\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/trademark-to-transform-dfw-shopping-center-into-mixed-use-property\/2024_0116_trademark-anthem-aerial-view\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/2024_0116_TRADEMARK-ANTHEM-AERIAL-VIEW-e1711625906691.jpg\" data-orig-size=\"2250,1690\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2024_0116_TRADEMARK &#8211; ANTHEM &#8211; AERIAL VIEW\" data-image-description=\"&lt;p&gt;Anthem will be a first-class destination for Arlington residents and visitors alike, Arlington Mayor Jim Ross stated in prepared remarks. Image by , courtesy of Trademark Property Co.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Anthem will be a first-class destination for Arlington residents and visitors alike, Arlington Mayor Jim Ross stated in prepared remarks. Image by , courtesy of Trademark Property Co.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/2024_0116_TRADEMARK-ANTHEM-AERIAL-VIEW-e1711625906691.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/2024_0116_TRADEMARK-ANTHEM-AERIAL-VIEW-e1711625906691.jpg\" alt=\"Anthem rendering\" class=\"wp-image-1004708099\" style=\"width:302px;height:auto\"\/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Anthem will be a first-class destination for Arlington residents and visitors alike, Arlington Mayor Jim Ross stated in prepared remarks. <em>Image by Dwell Design Studio, courtesy of Trademark Property Co.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Upon completion, the first phase of Anthem will showcase roughly 152,000 square feet new retail and restaurants and 125,000 square feet of modern office and co-working space. Additionally, it will include a 200-key hotel and 355 apartments built to meet the minimum standards of NGBS and LEED Bronze certification.<\/p>\n\n\n\n<p>Trademark will leverage existing surface parking areas and reimagine the building footprint, with approximately 229,000 square feet of the shopping center slated for demolition, 243,000 square feet of legacy space to be retained and 65,000 square feet to undergo renovations.<\/p>\n\n\n\n<p>The developer intends to retain BoomerJacks, Olive Garden, Raising Cane\u2019s and the bank space. The shops along Center Street\u2014such as Ulta Beauty and PetSmart\u2014will remain, along with Studio Movie Grill, which will receive a new art deco-style facade. The revitalized property will also include an expansive green space designed to accommodate outdoor concerts, wellness classes, artist markets and various community events at the heart of the development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The finished product will feature a variety of commercial and residential components.<\/p>\n","protected":false},"author":3014,"featured_media":1004708079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21752,21742,21749,51973],"tags":[32779,51753,40737],"class_list":["post-1004708076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-mixed-use","category-latest","category-retail","category-southwest","tag-leed","tag-shopcore-properties","tag-trademark-property-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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Image by Dwell Design Studio, courtesy of Trademark Property Co."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/trademark-to-transform-dfw-shopping-center-into-mixed-use-property\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Trademark to Transform DFW Shopping Center Into Mixed-Use Property"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59","name":"Diana Firtea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","caption":"Diana Firtea"},"description":"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. 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