Shivers Farm, a 40-acre development that will include commercial and residential areas, officially broke ground in Southlake on Sept. 23.
The development is expected to have 110,000 square feet of retail space as well as 37 single-family homes, office space, a park and a Whole Foods, according to Trademark Property Company, the developer of the property.
What’s new
The property has come close to being developed before but Mayor Shawn McCaskill said other developers and projects were not up to the city's standard.
“We’re excited to partner with Trademark,” McCaskill said. “This is a prominent piece of property on State Highway 114 by White Chapel here in Southlake. So it's important to get this right.”
The mass grading to get the ground ready for construction will likely start in a week and retail tenants are expected to open around early 2028, said Terry Montesi, Trademark Property Company CEO and founder.
Montesi said over 40,000 square feet of retail leases have already been signed and they are in negotiation for another 60,000.
The specifics
The Whole Foods will be the first major grocery store north of SH 114, Montesi said, and having the store helped bring the development together.
“This development would never happen without Whole Foods,” Montesi said. “They are the anchor, the financial anchor to the development and that's what attracts retailers and the restaurants.”
The public space at Shivers Farm will include a nearly one acre park which will be surrounded by the shops and restaurants. Many of the existing trees on the property will also remain.
“We try to build our projects to be places that families love,” Montesi said. “When they’re sitting at home and they think ‘how are we going to spend time tonight?’ their subconscious fires and says ‘I’m attracted to go to Shivers Farm. Let’s go to that public space and we’ll decide where to eat afterwards.’”
What’s next
A performance standard requirement in the master agreement approved June 16 stipulated that construction for the development has to begin before Jan. 1, 2027.
The agreement also outlines that the commercial section must be completed by Dec. 31, 2028 and the residential section must be completed by June 30, 2029.
