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IMPERIUM: Developing the Restaurant Destination for Weatherford, Texas |
Town Square to Undergo Major Transformation
DALLAS, March 17, 2016 – This week, Imperium unveiled its plan to redevelop the southeast quadrant of
Weatherford’s town square.
Imperium is underway with leasing and targeting several regional restauranteurs.
The development will encompass four units totaling 18,000 square feet of space with two- and three-story, sunset
view, rooftop patios overlooking the Parker County Courthouse.
The courthouse is a national architectural icon and is the center of Parker County, home to over 123,000 residents.
In 2014, the US Census Bureau ranked Parker County as the 69th-fastest growing county (of 3,143 counties) in the
United States.
As Parker County has continued to rapidly expand, so has the sophistication of local consumers’ tastes and needs.
Imperium’s development will cater to regional restauranteurs whose patrons demand higher quality in a unique dining
experience.
According to Stephen Schattner, developer of the project, “Ample parking, access, and visibility; the convergence of
tens of thousands of vehicles passing by daily; and evenly balanced daytime and nighttime populations, make this
location ideal for restaurants.” (Town Square brochure: www.WeatherfordTownSquare.com)
The town square, located at the intersection of US 51 and US 80, has 33,000 cars passing by daily and is within
walkable reach of the highest concentration of area homes and businesses.
On and around the square, government, office, education and healthcare services have expanded several times in just
the past few years.
However, the city has a shortage of commerce within downtown proximity, specifically restaurants.
According to Dennis Clayton, director of economic development, “Weatherford is on an aggressive plan to bring
retail, restaurants and entertainment to Weatherford’s town square. To help ensure the success of downtown
revitalization, the economic development forum has incentives available to drive growth at this location.”
Incentives include sales tax abatements, property tax abatements, and personal property tax abatements.
Imperium should be complete with planning and leasing of the Town Square project in the coming months.
One unit encompassing 2,300 square feet will be available in 30-days’ construction time; the remaining three units
totaling 15,000 square feet will take approximately five months to construct.
For leasing information, contact: Stephen Schattner | [email protected] | 972.385.1907 ext. 301 |
2101 Cedar Springs Road, Suite 1050, Dallas, TX 75201 | www.imperium-holdings.com
For incentive information, contact: Dennis Clayton | [email protected] | 817.594.9429 | 202 W. Oak St.,
Weatherford, TX 76086 | www.weatherfordtxeda.org
About Imperium: Imperium is a diversified holding company with focus in real estate investment; real estate and
A/E/C-related services; communications technology; Virtual Presence Device and UAV research, development and
manufacturing; media; healthcare; and agriculture. Over the past 16 years, Imperium has remained debt-free, and for
every asset acquired, has returned profitability or increased investment value.
For more information, contact: Stephen Schattner | [email protected] | 972.385.1907 ext. 301 |
2101 Cedar Springs Road, Suite 1050, Dallas, TX 75201
website: www.imperium-holdings.com