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Old 11-08-2011, 07:47 PM
 
861 posts, read 1,009,829 times
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Apparently the theme park idea is scratched....updated info as of tonight


Star Local News > News Update > The Colony to boast $1.5 billion mega-retail outlet


Speculation has been rampant in recent days about what exactly is being built in The Colony to the tune of $1.5 billion.

The answer? What might possibly be the world's biggest single-use retail store. Namely, Nebraska Furniture Mart, a company owned by Warren Buffett's Berkshire Hathaway.

The development, located on 433 acres roughly south of State Highway 121, east of Plano Parkway and west of Spring Creek Parkway, will feature two stories and a footprint of approximately 1 million square feet, equating to 2 million square feet of structure – or approximately 53 football fields.

The building will include 1.28 million square feet for warehouse and distribution uses, about 25,000 square feet for regional corporate headquarters and about 546,000 square feet for retail sales.

By comparison, Frisco's IKEA is 310,000 square feet.

The Colony City Manager Troy Powell said the project will bring thousands of jobs to the region and generate an estimated $2.3 billion in economic impact when Phase I is completed in about May 2015.

Construction could begin as early as March or April 2012, said Tod Maurina, the city's executive director of operations.
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Old 11-08-2011, 07:54 PM
 
Location: Dallas,Texas
4,687 posts, read 3,847,697 times
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2 million sq ft is HUGE! The main store alone is 546,000 sq ft, that's nearly 3 times bigger than a average Super Walmart. The warehouse is 1.28 million that's bigger than some shopping malls in the DFW area.
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Old 11-08-2011, 08:24 PM
 
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I just looked up Nebraska Furniture Mart.Pretty wild....

Last edited by CREW747; 11-08-2011 at 09:05 PM..
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Old 11-08-2011, 09:02 PM
 
8,234 posts, read 11,144,213 times
Reputation: 5687
Nebraska Furniture is a great store. People are FANATIC about it.
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Old 11-08-2011, 09:32 PM
 
169 posts, read 171,760 times
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I am excited about this store coming to North Texas. They have great stuff. We bought a lot of our furniture there when we first got married.
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Old 11-08-2011, 11:41 PM
 
861 posts, read 1,009,829 times
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The location is the property vacant next to Kings Ridge in west Plano.Info is now being reported heavily from media outlets.The story was just on the 10:00 news.This sounds like a definite.Good location ,huge for the west Plano area as well.It will certainly make that area by Stonebriar mall crowded,but that location should be ok with the traffic.This is a good thing for the west Plano /Frisco area....
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Old 11-09-2011, 12:17 AM
 
488 posts, read 167,827 times
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How in hell did they convince The Colony to allow that? When I lived there they fought just about anything that would actually be good, economically, for the city.
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Old 11-09-2011, 04:12 PM
 
861 posts, read 1,009,829 times
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We have relatives moving here from Kansas city and they were super excited to hear that this furniture Mart is coming.Apparently people travel to the one in Kansas city from other states....
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Old 11-09-2011, 10:20 PM
 
2,209 posts, read 1,890,037 times
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Billingsley owns everything to the South of it.
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Old 11-11-2011, 04:15 PM
 
Location: East Dallas
873 posts, read 890,852 times
Reputation: 556
Another place I will never go to
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