River Oaks Properties, the oldest commercial real estate development and management firm in the El Paso area, announced Tuesday their continued expansion in El Paso, and now into Horizon City. This growth is a continuation of their $200 million investment that was announced in 2014.
During the first half of 2016, River Oaks Properties will develop a total of six retail centers equaling 136,800 sq. ft. of retail space that will generate approximately 420 new jobs for the El Paso market–two of the six centers will come online by March 2016.
The new retail centers River Oaks will be building in 2016 are: Shops at Dieter Village located at 1505 George Dieter, Tierra Del Norte II located at 2301 B N. Zaragoza, Shops on the Loop Phase II located at 2204 Joe Battle, Eastlake Marketplace located at 13001 Eastlake Blvd (their first Horizon City project), Las Tiendas de Zaragoza Phase II located at 3590 N. Zaragoza and Sunfire Village located at 2106 Zaragoza.
“The success of North Hills Power center that River Oaks recently opened in northeast El Paso has generated larger results than expected, with some retailers reaching record sales,” said Adam Frank, President of River Oaks Properties. “This lets us know that we are on the right path, and that our centers are meeting a need for our community.”
Opening soon to River Oaks projects on the eastside are Spec’s, Petco and a second Sprouts location.
This $200 million investment in the development of retail centers includes recruiting new retailers to El Paso. Just last week, River Oaks had a very large presence at the International Council of Shopping Centers (ICSC), in Dallas, Texas, where they met with several brokers and presented their El Paso projects to prospective national retailers.
Author: Barracuda PR