REPORTED SOUTHLAKE, TEXAS

ECONOMIC DEVELOPMENT NEWSLETTER

February 2007

Development Highlight: CEDAR RIDGE by PANATTONI DEVELOPMENT Purchased as raw land in May, 2004, Cedar Ridge Office Park

is a masterplanned, mixed-use development located on State Highway 114 at North Carroll Avenue. Panattoni De-velopment Company worked closely with the City of South-lake to plan the property which will ultimately contain seven office buildings ranging from 6,000 s.f. to 101,500 s.f. and will house various office and professional users. Addi-tionally, Regions Bank has con-structed a 5,000 s.f. retail bank and Panattoni has planned an approximately 17,000 s.f. neighborhood retail center located at the corner of S.H. 114 and N. Carroll Avenue.

Phase I of construction in-cluded a 30,000 s.f., two-story

office building which currently has Keller Williams Realty, Elec-

tronic Shipping Solutions and T Bank as tenants. Phase I also included three 6,000 s.f. single story professional buildings. Two have been sold to end users Carnahan Thomas Law Firm and Southlake Dermatol-ogy, and the third building is currently under contract to sell.

Phase II construction, which is currently underway, includes a 101,500 s.f., two-story office building with underground parking and two more 6,000 s.f. single story professional buildings. The 101,500 s.f. building is being marketed for lease to prospective tenants between 10,000 s.f. and 101,500 s.f. The building will

contain all the modern con-veniences of a Class “A” sub-urban office building and will be available for occupancy in May, 2007. The last two pro-fessional buildings are cur-rently under contract to end users as well with target occu-pancy by July, 2007.

Cedar Ridge Office Park is a flagship development for Southlake and provides Class “A” suburban space. It’s loca-tion directly on S.H 114 pro-vides excellent visibility and access to the surrounding area and its amenities.

New Businesses

Adventure Golf Cars 275 Commerce St. Suite 110 (817) 481-2800 www.adventuregolfcars.com

Bailey Banks & Biddle 1221 E. Southlake Blvd. (817) 251-4375

Blair Delmonico 1251 E. Southlake Blvd., Suite 351

Central Market 1425 E. Southlake Blvd. (817) 310-5610 www.centralmarket.com

Compass Bank 2650 E. Southlake Blvd. (817) 749-1020 www.compassbank.com

Culinary Focus 1800 E. Hwy. 114 (817) 683-6562 www.culinary-focus.com

DryClean Supercenter 1957 W. Southlake Blvd., Suite 100 (817) 488-2705

Fastbraces 2225 W. Southlake Blvd., Suite 435 (972) 867-9473

First American Title 1500 W. Southlake Blvd., Suite 100 (817) 329-9010

Improv Real Estate 1203 S. White Chapel Blvd., Ste 150

Jenny Craig 100 N. Kimball Ave., Suite 104A (817) 310-6215 www.jennycraig.com

Learning Express 1275 E. Southlake Blvd., Suite 437 (817) 488-8844 www.learningexpress.com

Lenscrafters 1251 E. Southlake Blvd., Suite 333 (817) 310-0786 www.lenscrafters.com

Continued on Page 3

Inside Inside Inside

ED Highlights 2

Be Informed 4 Events Calendar 4

At Your Service 5

Business Resources 5

Contact Us 5

ED Staff Updates 3

FEBRUARY 2007 REPORTED 2

2006 ED Highlights and staff updates

Commercial Developers Roundtable: ED Staff hosted a Commercial Developers Roundtable on September 8, 2006, which drew over 60 commercial brokers, developers and property owners that work in the Southlake market. The meeting included updates of major de-velopments as well as planned regional ef-forts (FM 1938, The Funnel).

DBJ 114 West Corridor

Supplement: The ED Staff lead the coordi-nation of a supple-ment published on September 22, 2006 and distributed to all DBJ subscribers. CLICK HERE to view the supplement.

NELF ED Roundtable: The Northeast Leadership

Forum held an Economic Development roundtable meeting at Southlake City Hall on December 13. Various ED reps from the re-gion were present, as was Janie Havel from the Economic Development Division of the Office of the Governor. After a briefing by Janie, the group discussed coordinating a familiarization tour with Larry McManus (also with the Office of the Governor) to be sched-uled in the coming months.

Aerial Maps: ED Staff (with map development by

GIS) produced a Southlake aerial map with a zoning overlay. This was a major request of the commercial development community. Visit www.SouthlakeSites.com / “Maps” or come by the office for a copy.

Marketing Your Southlake Business Guide: ED Staff recently updated the Guide to Market-ing Your Southlake Business. This guide has several types of business resources listed which could help new and existing Southlake businesses market themselves. CLICK HERE for your copy of the Marketing Guide.

SouthlakeSites.com Update: Xceligent, provider

of the www.SouthlakeSites.com land & leasing inventory, has recently added a feature that will allow developers/brokers to add or up-date sale/lease listings via a web form. This feature has been added to the www.SouthlakeSites.com webpage for your convenience.

Impact Fee Update: Director Last is leading the

update to the City’s Impact Fees for water, wastewater and roadways. Feel free to con-tact him should have any questions.

Commercial Properties Summary: Staff prepared

a summary of all existing commercial proper-ties in the City. The summary is sorted by Of-fice, Industrial/Flex, Retail and Other types of uses. This summary will be used in the Impact Fee analysis and is often requested by com-mercial developers / brokers who are analyz-ing our commercial properties market. CLICK HERE for your copy of the Commercial Properties Summary.

United Way Campaign: Valerie Malta served as Co-Chair on the 2006 United Way committee. This years activities raised over $12,000 for the United Way of Tarrant County.

FEBRUARY 2007 REPORTED 3

2006 ED Highlights and staff updates

City of Southlake Employee Banquet: Stefanie Wagoner recently served on the Southlake Employee Awards Banquet committee. In addition to creating the banquet’s logo, invi-tation and program, Stefanie was a recipient of the Teamwork Award for her work on the Southlake 50th Anniversary committee.

Economic Development Institute (EDI): Stefanie Wagoner attended a week-long Economic Development Institute training conference offered through the International Economic Development Council. This was Session 3 of 3, required for the professional Economic Devel-opment Certification process. The focus of this session was marketing.

TEDC Board Retreat: Director Last attended the

Texas Economic Development Council’s Board Retreat in November. He was also se-lected to serve on the TEDC Executive Com-mittee.

CoreNet Global Conference: Director Last at-

tended the fall CoreNet Global conference. This is a national conference of corporate real estate executives.

SIOR Conference: Director Last attended the So-

ciety of Industrial and Office Realtors recently. This is an association of the top commercial real estate brokers in the country.

NTCAR Tradeshow: The Economic Development

Staff attended the North Texas Commercial Association of Realtors on September 14, 2006. This is one of the most productive net-working / marketing opportunities we partici-pate in.

RealComm / BOMA Tradeshow: ED Staff at-

tended the RealComm / BOMA tradeshow in Dallas on June 25 - June 27, 2006. The newly acquired trade show booth and updated graphics represented the City.

Papyrus 1435 Main St. (817) 488-0514 www.papyrusonline.com

Parton Spirits Co. 530 Silicon Dr., Suite 101

Pescara Homes LLC 2104 Greenbriar Dr., Suite A

Signature Nail Salon 1275 E. Southlake Blvd., Suite 419 (817) 310-5937

Subway 1959 W. Southlake Blvd. (817) 749-3500

The Buckle 257 Grand Ave.

Trinity Advisory 420 N. Carroll Ave., Suite 140

New Businesses (cont.)

North Texas Lung and Sleep Center 731 E. Southlake Blvd., Suite 190 (817) 731-0230

Mr. E's Music Supercenter 2105 W. Southlake Blvd., Suite 225 (817) 421-2324 www.mr-e-music.com

NextLink USA, Inc. 2485 E. Southlake Blvd. (817) 416-9800 www.nextlink.se

FEBRUARY 2007 REPORTED 4

Stay Informed

Sign Ordinance Amendments: The City Council has approved a new Sign Ordinance which has specific standards for real estate signs. A workshop on the new sign ordinance is sched-uled for February 15, 2007 and all interested persons are requested to attend. CLICK HERE for the new sign ordinance.

Urban Design / Median Study: The Planning Staff

has begun work on the Urban Design Study. The Study will look at urban design treatments for the State corridors (114, 1709, 1938) through the City as well as construction of medians for traffic safety and aesthetic en-hancements to the FM 1709 and FM 1938 cor-ridors. CLICK HERE for preliminary recommen-dations on the median locations on F.M. 1709 and Davis Boulevard.

Smoking Ordinance Revisions: The city has pre-

pared a draft smoking ordinance which is considering prohibiting smoking from all build-ings in the city (except for residences and designated hotel rooms) and outdoor dining areas. The ordinance will also require “No Smoking” signs to be placed in all restaurants, bars and taverns in the city. A City-wide SPIN meeting will be held in March to allow public input on the proposed ordinance.

Stormwater Utility District: The Public Works Staff is

currently preparing a Stormwater Budget for the remainder of Fiscal year 2007. This FY06-07 budget is going to be presented to City Council for approval at the March 20, 2007 Council session. The second reading of the Stormwater Budget is scheduled for the April 3, 2007 City Council session. Projects funded by the Stormwater Budget will improve and maintain the City’s stormwater drainage sys-tems. The commercial fees are charged based on the impervious coverage of the subject acreage. The residential fees are $8 per dwelling unit per month.

Fort Worth, Texas Magazine: The Fort Worth, Texas magazine features an insight on the history of Southlake and the growth it has experienced over the last 50 years. CLICK HERE to view this article.

Southlake Style Magazine: Southlake Style pro-

filed the 2006 economic development activity in its January/February 2007 edition. Highlights range from the Grand Avenue and Shops of Southlake grand opening over-views to staff projects such as the business da-tabase mainte-nance and site location assis-tance. CLICK HERE to view this article (advance pages by clicking upper right hand corner).

Articles of interest

Events Calendar

February 16, 2007 Stars of Southlake Annual Banquet; Mar-riott Solana Hotel; 11:30; Contact Chamber Offices (817) 481-8200 April, 2007 3rd Annual City-Wide Southlake Sidewalk Sale; Stay tuned for details coming soon April 27-29, 2007 Art in the Square; Southlake Town Square; Contact Southlake Women’s Club (817) 421-7770

160 new businesses opened in Southlake in 2006 2006 New Business & Sidewalk Sale Participant: ANTHROPOLOGY

The Economic Development Department is committed to promoting the services available right here in our community. The “At Your Service” section is designed to highlight 1 service per month. For more information or for additional keyword searches, visit www.SouthlakeBusinesses.com

City of Southlake Economic Development Department

1400 Main Street

Suite 300 Southlake, Texas 76092

817-748-8039

econdev@cityofsouthlake.com www.SouthlakeBusinesses.com

Resources www.SouthlakeBusinesses.com — for all your local needs, data, and resources www.SouthlakeSites.com — for all your real estate needs www.CityofSouthlake.com — for all your City information needs www.CityofSouthlake.com/planning/dvptreview.asp — for status and updates on development projects

www.SouthlakeChamber.com — for additional business information and networking opportunities

This Month’s Feature: Florists

Name Address Phone Web

Albertson's 2201 W. Southlake Blvd. (817) 421-0880 www.albertsons.com

Central Market 1425 E. Southlake Blvd. (817) 310-5610 www.centralmarket.com

Exceptional Events, Inc. 1609 Hart St., Suite 100 (817) 488-6003

Kroger 2110 E. Southlake Blvd. (817) 421-8105 www.kroger.com

Tom Thumb 100 W. Southlake Blvd., Suite 200 (817) 416-5464

Next Month’s Feature: Tax Preparation

Update your business information at www.SouthlakeBusinesses.com

FEBRUARY 2007 REPORTED 5