Local developer not concerned by recent business closures - Newschannel 6 Now | Wichita Falls, TX

Local developer not concerned by recent business closures

(Source:KAUZ) (Source:KAUZ)
WICHITA FALLS, TX (KAUZ) -

Lately, we have seen businesses coming and going in Wichita Falls.

Andy Lee, the developer and leasing manager for Quail Creek Crossing and Parker Square, said two stores at the Quail Creek Crossing Shopping Center on Lawrence Road closed their doors just last week.

However, he said new prospects are already knocking on those same doors.

Lee said he is not concerned about stores like David's Bridal and Charming Charlies leaving, adding in both cases those businesses were at the end of their leases. He said investment groups are buying these companies and are coming in and making changes.

Lee is already getting bids to fill those vacancies from places like Panera Bread and even a few clothing stores.

When it comes to choosing who moves in, he looks for businesses the community needs, those that will have a strong economic and community impact. Lee said the new Firehouse Subs, which is opening this weekend, fits the criteria.

“All of these tenants are involved in some kind of community support, Firehouse just fits perfectly in the mix there,” said Lee.

He said proof of that is the Wichita Falls City Councilors approval to move forward with applying for the Firehouse Sub Foundation Public Safety Grant at Tuesday's City Council meeting. If approved the fire and police department could get $25,000 towards new equipment.

Crews are working hard to get that sandwich shop ready to go. As for those empty stores, Lee said he is confident they will fill up quickly.

Lee said some others businesses that could possibly set up in the Wichita Falls market are Chicos, Ann Taylor Loft, La Madeleine and Trader Joe's just to name a few.

Mayor Stephen Santellana said he sees the rotation of retail in Wichita Falls as just a sign of changing times and the market.

Copyright 2017 KAUZ All Rights Reserved

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