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DEVELOPMENT NEWS 42 • SHOPPING CENTER BUSINESS • December 2016 Centre, have broken ground on a new Nordstrom Rack store. Situat- ed on a five-acre parcel within Wood- more Towne Centre in Glenarden, the 30,000-square-foot store will serve as Prince George's County's first Nordstrom Rack. The parcel will also include 29,000 square feet of retail and restaurant space for ten- ants that will be announced in the coming months. Woodmore Towne Centre is currently 90 percent leased to tenants including Wegmans, Cost- co, JC Penney, Best Buy, Petco, Chi- potle Mexican Grill, Subway, Noo- dles & Co. and Irie Bar & Grill. New retailers and restaurants opening next spring include 1000 Degrees Neapolitan Pizza, Hook and Reel Cajun Seafood Restaurant, Honu Hawaiian BBQ, Kobe Japanese Steak & Food, Kumon Learning Center and Wings 21. • Balance Sheet Lender • 100% In-House White Glove Service • Specialized and Middle-Market Focus • Better Than a Bank Your One-Stop Balance Sheet Lender Bridge Loans Bridge-to-Perm Loans 8 7 7 . 5 7 7 . 5 0 5 5 ● w w w . a 1 0 c a p i t a l . c o m • i n f o @ a 1 0 c a p i t a l . c o m • T w i t t e r : @ A 1 0 C a p i t a l • Highly Customized Loan Structures • Non - Recourse • Institutional Backing • Responsible Lender, Not Loan to Own Permanent Loans Note Purchase Loans Going to ICSC New York National Deal Making? A10 Capital will be in booth #1219 December 5 & 6 at the Javits Convention Center in New York. Schedule an appointment now to meet during the show. Chris McDaniel Executive Vice President Mobile - 914.874.6100 cmcdaniel@a10capital.com Greg Roukema Executive Vice President Mobile - 201.650.8059 groukema@a10capital.com ARLINGTON, TEXAS CORDISH, TEXAS RANGERS BEGIN $250 MILLION PHASE I OF TEXAS LIVE! IN ARLINGTON T he Cordish Companies has started construction of the first phase of Texas Live!, a $250 million mixed-use project between the Texas Rangers' Globe Life Park and the Dallas Cowboys' AT&T; Stadium in Arlington. The project will include 200,000 square feet of dining and entertainment space; an outdoor event pavilion; a full-service, 300-room convention hotel; and a 35,000-square- foot meeting/convention facility. Texas Live! will bring more than 3,000 new jobs and three million new visitors to Arlington when it is completed in 2018, according to the developers. The dining and entertainment portion of the project will open in the spring of 2018. The hotel/convention facility will open the following fall. Anchors of the retail portion will include Rangers Republic fan clubhouse; Live! Arena, a multi-level central gathering place; Arlington Backyard, a 5,000-ca- pacity outdoor event pavilion; and a flagship restaurant by Guy Fieri. The first phase of Texas Live! is part of a greater $4 billion vision of the Arling- ton stadium district, which includes additional phases of Texas Live!, the new Rangers Ballpark and the preservation and repurposing of Globe Life Park. "It is the Rangers' intent to preserve the beautiful exterior façade of Globe Life Park," says Ray Davis, Rangers co-chairman. "We've been working closely with The Cordish Companies to find ways to repurpose the building." "As plans for the new ballpark development evolve, we believe the interior of the ballpark could be refitted for another purpose while still providing options for addi- tional development," adds Davis. "We don't need to have all of these answers today; we can develop the solutions while still maintaining the aesthetic and character of this beautiful building." — Nellie Day