Developer, Nebraska Furniture Mart, broke ground this week on Grandscape's lifestyle center.

Commercial Real Estate

Grandscape Development Breaks Ground on Lifestyle Center in The Colony

Warren Buffet’s Berkshire Hathaway is behind the 433-acre development that announced two new tenants this week.

The 433-acre Grandscape development in The Colony broke ground Tuesday on the project’s lifestyle center, a portion of the development that will cover more than 100 acres. Nebraska Furniture Mart, owned by Warren Buffett’s Berkshire Hathaway, is developing the project and intends to have 3.9 million square feet of space to be used for retail, entertainment, and dining options. While the developer’s main building broke ground in 2012—and made our list of “DFW’s Top Real Estate Stories of 2015” when it held its grand opening—the newest part of the project is just getting started.

With construction underway, the main focus of 2017 will be building out the infrastructure. Plans are to open the new space in sections, spaced out between late 2018 through 2020, after the opening of sports retailer Scheels. According to the company, the last tract of land will be the eastern tip, located between Destination Drive and West Spring Creek Parkway. Grandscape declined to disclose the project’s cost. Technology throughout the development has been key in the planning stages, and the development will feature parking-assist technology and a Grandscape app.

Two tenants said they’ll be joining Grandscape’s lifestyle center in the next two years: Thirsty Lion Gastropub and Twigs Bistro & Martini Bar. “These wonderful restaurateurs announced [Tuesday] demonstrate our commitment to bringing unique retail, entertainment and food venues to Grandscape. We are creating the best retail and entertainment destination in the country,” Jeff Lind, president of Grandscape, said in a statement. Thirsty Lion will open in the fall of 2018 and Twigs Bistro & Martini Bar is projected to open in 2019.