WRARE Expanding at West 7th
FORT WORTH, Texas (June 13, 2012) – West 7th, the vibrant mixed-use development located at the southeast corner of University Drive and West 7th Street, announced today that the operators of eclectic gifts and home accents shop WRARE will expand its store after negotiating a long-term lease.
The boutique, owned and operated by Fort Worth businessman and designer Adrian Wright, offers greeting cards, gifts, home accessories, fragrances and furniture showcasing styles for urban and transitional dwellings. The shop opened in May 2011 at 1,000 square feet. Located on Crockett Street between Terra Mediterranean Grill and Fireside Pies, the expanded shop will soon feature an additional 1,849 square feet for an overall store size of 2,849 square feet. Furthermore, WRARE has committed to a longer term of occupancy at the mixed-use development.
“WRARE has been pleased with its choice of the West 7th development location,” stated Wright. “The strategies for continued growth in the area were a key factor in the decision to commit to the expansion of WRARE. We will leverage the experience of the last year to expand our offerings to include exclusive products and furniture for all areas of the home. Combined with a stronger focus on our current gift, card and décor assortment, we look forward to long-term success.”
Wright anticipates having the expanded storefront open in September of this year.
“A short-term lease was previously negotiated for WRARE so Adrian could test his merchandise strategies at West 7th and determine if a long-term lease would make sense,” states Michael Wheat, executive vice president and director of leasing for Cypress Equities, the developer of West 7th. “And based on the shop’s success during the last year, we are pleased to welcome WRARE to West 7th again for a longer time period and in a larger storefront.”
The team of Frank Bullock and Carey Shagets of SRS Real Estate Partners and Rodger Chieffalo of Chieffalo Realty represented the landlord, while WRARE was self-represented throughout lease negotiations.
West 7th is a strategic blend of pedestrian-friendly urban elements positioned in a mixed-use community offering retail, entertainment, office and residential. The 13-acre development is located on 7th Street and University Drive near the Fort Worth business and cultural districts. Its retail and office components are being developed by a Cypress Equities company* and the residential component by Columbus Realty Partners, LTD. To learn more about the West 7th development, please visit www.West-7th.com.
About Cypress Equities
Founded in 1995, Cypress Equities companies* have offices in Dallas, Atlanta, San Francisco, New York, Chicago and Fort Lauderdale and specialize in real estate asset, development, and fund management. Today, Cypress Equities companies are developing and/or managing approximately 10 million square feet in projects throughout the U.S. consisting of community and power centers, as well as vertically integrated mixed-use villages that incorporate retail, residential and offices. Visit www.cypressequities.com for more information.
* The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent operating companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of the specific entity that incurs such obligation or supplies such service or product.