Shopping center to rise at Round Rock Garden Ridge site

Sep 10, 2014
Austin American Statesman

A new shopping center is set to begin construction this fall at the current site of the Round Rock Garden Ridge store


The store, at 2800 S. Interstate 35, is set to close Oct. 15, a spokeswoman for the Plano-based home goods retailer said


Shortly thereafter, Austin developers Manny Farahani, Jimmy Nassour and Steve Portnoy, the site’s new owners, plan to begin tearing down the 40-year-old strcuture, which was originally constructed as an outlet mall


The new center will feature about 100,000 square feet of space for up to four anchor stores, 15,000 square feet for smaller shops and two pad sites for freestanding buildings such as banks or restaurants, said the Retail Connection’s Lance Morris, who is handling leasing


No tenants have signed leases yet, but Morris said interest is strong from retailers that are new to the area, as well as businesses that already have a presence in Round Rock and are looking to move


The project marks one of the first speculative shopping centers to be built in Central Texas in at least five years, according to Morris. With retail occupancies in the area well above 90 percent, Morris said the owners believe the time is right to add new space to the market


Despite the closure of the Round Rock store, Garden Ridge, which is in the process of changing its name to At Home, is still bullish on Central Texas, a spokeswoman said. Two new stores will open this fall, at the Stone Hill Town Center in Pflugerville and in the Cedar Park Town Center


The Pflugerville store will debut Oct. 2, followed by the Cedar Park store on Oct. 16


The chain’s Southwest Austin store, at 5151 U.S. 290, is set to get a makeover this fall as part of the rebranding effort



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