Whole Foods on Colleyville’s tableWhole Foods on Colleyville’s tablehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=80432013-03-05T06:59:00Z2013-03-05T00:00:00Z

COLLEYVILLE - Giving $2.25 million to a developer isn't a gamble when a Whole Foods Market is on the table; it's a sure thing, according to Mayor David Kelly.

The Colleyville City Council awarded a grant from the city's tax increment financing district to Centennial Real Estate Co. of Dallas.

The grant will give Centennial $1.5 million in four installments during the first year of renovation to the Village Park at Colleyville shopping center, said Marty Weider, the city's economic development director.

The initial work will include putting a 40,000-sf Whole Foods into a space abandoned by Albertson's in 2007. Another $750,000 will be doled out over a two-year period to help Centennial bring the center up to city code and remodel it to suit new tenants.

The renovations will cost the developer more than $18 million, Weider said.

The 190,664-sf shopping center at SH 26 and Glade Rd. is ideal for Whole Foods Market, said Mark Dixon, the chain's southwest region president. When it opens in mid-2014, it will be part of a Whole Foods western expansion.

Local surveys repeatedly have shown that Colleyville residents want more grocers, and they asked specifically for Whole Foods, Kelly said.

With Whole Foods as the new anchor, the area is expected to blossom with new retailers and restaurants, Weider said.

Read more at the Fort Worth Star-Telegram.

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