RED Development announced it will bring an all-new Dillard's department store to Rayzor Ranch Town Center, the new, open-air retail and entertainment destination now under development in Denton.
Dillard's, being planned as a 126,000 square foot store, is the first anchor department store named for the new project since RED became an owner and assumed the management of the property in 2010. Progress at the adjacent retail property, the 800,000 square foot Rayzor Ranch Marketplace, has been significant in 2012: This year RED announced Kohl's, Famous Footwear, Jo-Ann Fabric and Craft Store, and Petco, all slated to open in 2013. These retailers will join the property's already open and successful Sam's Club and Walmart Supercenter, among other retailers and restaurants.
RED is developing two complementary retail properties – Rayzor Ranch Marketplace and Rayzor Ranch Town Center – both part of the master-planned, 400-acre mixed-use Rayzor Ranch development in fast-growing Denton, 35 miles north of Dallas-Fort Worth.
"We know Denton is ready for a brand-new, modern shopping experience and Dillard's is very pleased to be the cornerstone of Rayzor Ranch Town Center," said William Dillard II, Chairman of the Board and Chief Executive Officer. "The project RED is creating – all open-air with great design and a wonderful experience for shoppers – is exactly where Dillard's wants to be in this attractive, high-growth market."
The new Dillard's is the first of several high-quality anchors in the pipeline for the new Rayzor Ranch Town Center, which is planning a balanced and diverse retail, dining and entertainment lineup.
"We are very pleased to welcome a new Dillard's to our Rayzor Ranch Town Center project," said Scott Rehorn, Managing Partner for RED. "Dillard's is one of the country's most sought-after department stores with a tremendous following of dedicated shoppers, and it sets the pace for the terrific retail mix we are custom-creating for North Texas."
Current plans for Rayzor Ranch Town Center call for a 600,000 square-foot regional shopping destination at the intersection of I-35 and U.S. 380 in the heart of Denton. In addition to great retail, the new outdoor project will feature appealing gathering spaces, lush landscaping and other, up-to-the-moment amenities. The design vision for the new retail hub offers a fresh interpretation of historic, regional urban architecture – with a nod to Denton's own heritage – mixed with a hip, decidedly Texasdowntown flavor.