Lincoln Square in Arlington is getting a facelift to transform the shopping center into a multi-use space.
On Tuesday, Arlington City Council unanimously approved Fort Worth-based Trademark Property Co.’s request to rezone the 45-acre Lincoln Square shopping center area into a mixed-use gathering place for the community, according to a press release. The company plans to revitalize the complex into a walkable area with retail, office space, apartments, and a restaurant.
The approval comes two years after the city council granted Trademark $15 million in funding in exchange for the developer agreeing to work closely with the community and invest at least $150 million into the project over the subsequent six years.
Trademark Property has been busy in the metroplex. Last month, The Dallas Express reported that the firm had begun constructing a new five-acre rental community south of downtown Fort Worth. The project is one of several new apartments the company is building.
According to Trademark Property’s website, the company “has invested $4.5 billion and developed or redeveloped 21M square feet of commercial mixed-use projects” since its founding in 1992. The firm has worked on developments like Galleria Dallas and WestBend in Fort Worth.
The latest project, known as Anthem, comes after a lengthy effort to convince ShopCore Properties, the previous owner of Lincoln Square, to either invest in the mall or, as is the case, sell it.
As part of the Lincoln Square project, Trademark Property will demolish sections of the existing shopping complex on the northern section of the development, located between Interstate 30 and Road to Six Flags. In its place, they will construct 277,000 square feet of retail and office space, a hotel with 125 rooms, and 355 residential units.
New apartments and a restaurant are also planned across the street on the Road to Six Flags. While many existing shops will remain, some may undergo aesthetic improvements.
