Big changes are in the works along Highway 26 in North Hurst aimed at boosting the shopping and restaurant options in the heavily traveled corridor.
An Austin real estate firm has plans to attract restaurants and high-end retail to the intersection of Highway 26 and Antwerp Drive.
Cody Perlmeter ✔of Epic Real Estate Partners said the Hurst Planning and Zoning Board recently recommended a site plan to tear down the mostly vacant and under-performing Wellington Place, which was obstructing the visibility of Sprouts Crossing.
Epic’s plan calls for building a new center to attract tenants and also to connect to the existing Sprouts Crossing which is toward the middle of the block from the busy intersection.
The City Council is scheduled to consider the redevelopment plan in September, Perlmeter said.
“In Hurst, you have high incomes, a low unemployment rate and a vibrant community,” he said.
Perlmeter said Wellington Place, which includes a tattoo studio and a vaping shop, doesn’t match the demographics of the nearby neighborhoods where the median household income is $110,000.
He said that the leases are up soon for the remaining tenants in Wellington Place.
Traffic counts along the Grapevine Highway are over 25,000 vehicles a day. Highway 26 also takes in Grapevine, Colleyville, North Richland Hills and Haltom City.
Along with bringing in more shopping and dining options, Perlmeter said the project is estimated to increase Hurst’s tax revenue by $5 million to $10 million in property and sales taxes, and it will bring in more jobs.
Steve Bowden, Hurst’s executive director of economic development, said he is pleased to have the improvements coming to the Highway 26 area.
“We are very much in support of that redevelopment,” Bowden said. “It will add value and a wider array of retailers that will better line up with the affluent market and high traffic counts.”