THE SHOPS AT CLEAR FORK will be a 500,000-square-foot retail center with 100 high-end specialty stores, restaurants and a luxury movie theater set to open by February 2017.
Neiman Marcus is the first retailer to provide an official announcement of its plans, but Crawford Edwards, president of Cassco Development Co., said he expects more announcements from other retailers to come soon, even within the next few weeks.
The new storefront will be the anchor of the shopping center at 90,000 square feet and two stories, a bit smaller compared to the current 118,000-square-foot location at the Ridgmar Mall.
In an interview with the Fort Worth Business Press, President and CEO of the Neiman Marcus Group, Karen Katz, said they expect the new location to attract younger customers while maintaining their current customer base.
"We are confident the new store will define Neiman Marcus modernity for today's customer."
David Contis, president of Simon Malls, predicts the shops will create several thousand jobs and generate $300 million in annual sales.
Technology and merchandise from European vendors are just a few of the exciting things customers will find at the shops.
The Clearfork development plan also includes 2,500 residential units, 1.2 million square feet of retail space and 2 million square feet of office space.
Construction for the shops is scheduled to begin next spring, and a grand opening is planned for February 2017. Although this is more than two years in the making, some residential units are set to be complete by next summer.
Cassco hired StreetLights Residential to complete 392 residential units adjacent to the shops. StreetLights broke ground earlier this year, scheduling the units to be available by summer 2015.
Clearfork1848.com was created so anyone can look at the Phase I site-plan and stay updated with the development of the shops.
-Lexi Johnson
