It's to be built near where I used to live, on the last open plot of land in what's now a pretty dense corridor.
Whole Foods Market plans to build a store between downtown and River Oaks as part of a 13-acre development that will include apartments and shops.
The Austin-based natural and organic grocery chain will lease the northeast corner of West Dallas and Waugh from the Finger Cos., the firms said Tuesday.
Alongside the market, the Houston-based developer is preparing to build a six-story, 445-unit apartment complex on the property. Construction will start early next year.
"It's a great intersection," president and CEO Marvy Finger said. "It's very exciting."
Plans for the site, along West Dallas between Montrose and Waugh, call for additional retail space and possibly a high-rise residential tower.
Finger said the project will tie into the AIG office complex, to the north of the site.
"That whole corridor is getting very urban," said Scott Shillings, senior vice president of Staubach Retail.
Area land prices are more than $100 per square foot, according to David Cook of real estate firm Cushman & Wakefield.