Denison is seeking commercial developers, retail & restaurant prospects for underserved gaps. Current occupancy is very high. New lease space is needed for retail, restaurants and professional services.
Denison Primary Trade Area Population: 217,000+
$106,117,832 Total Current Leakage in Denison 10-Minute Drive Time
$31,037,391 Non-stores Retailers
$14,716,549 Clothing & Clothing Assessories Stores
$14,637,855 Home Centers
$14,165,272 General Merchandise Stores
$13,921,040 Gasoline Stations
$6,726,839 Grocery Stores
$6,461,316 Jewelry, Luggage, Leather Goods Stores
$4,451,570 Lawn/Garden Equipment/Supplies Stores
According to Retail Attractions, LLC: 10, 15, 30 Min. Denison Drive Time Report (PDF)
Denison's robust Primary Trade Area includes: Grayson County (TX), Fannin County (TX), Bryan County (OK), and parts of other TX & OK counties along with major destinations: Lake Texoma, Choctaw Casino, North Texas Regional Airport, several colleges, and historic downtowns.
Denison aggressively pursues quality development opportunities! As a result, developers, businesses, public entities, and citizens have invested more than $400,000,000 in the past six years Moving Forward as Team Denison. The trend continues in 2016 with residential and commercial/retail development surging to serve Denison's growing 217,000 trade area population.
- Residential construction and new development at record levels
- Medical services regional hub is rapidly expanding
- Retail and restaurant property occupancies near 100%
- Downtown development and redevelopment is vibrant
Three of Denison's nine active housing developments are in Gateway Village which includes Fawn Meadow (photo above) along with Greenway Parks & Saddle Creek. Denison's Affordable Housing Program and Builder Incentives have also spurred development city-wide. 2017 construction trends inside the Denison City Limits is on pace to deliver 150+ home and 180 apartment living units, and another 50+ SFR units outside the city limits inside the Denison (75020 and 75021) zip codes.
Active Housing Additions in Denison:
- Summit Oaks
- Waterloo Estates
- Cold Creek
- Fawn Meadow at Gateway Village
- Greenway Parks at Gateway Village
- Saddle Creek at Gateway Village
- Stafford Drive Development (coming soon)
- Pioneer Estates
- Pinnacle Park
- Woodland Park
- The Arbors on Park Avenue (age restricted) - coming soon
- The Residences at Gateway Village, an upscale apartment development, (rendering below) is a 180 unit community.
Texoma Medical Center
Texoma Medical Center a regional medical hub (296,000 population service area) in Texas and Oklahoma with 400 licensed beds, a wide array of services, and 3,000 employees at the Denison campus. Since opening the new facility in Denison, TMC's market share has increased from 31% to over 60%. The TMC network has facilities in Bonham, Durant (OK), Pottsboro, Sherman, Whitesboro, Van Alstyne, and Madill (OK). The recent Emergency Department expansion added 24 ER rooms (48 total) and features several new services including NICU. The 4-story facility, built to expand to 8 stories, added 200+ new employees to the Denison campus. See additional information in TMC Service and Expansion PDF.
Retail, Restaurant, Professional
Denison has extremely limited commercial lease space available for retail, restaurant and professional prospects! TxDOT Traffic Counts (PDF) for the Highway 75 corridor in Denison are 55,000. Record-level residential construction activity along with impressive growth and development at Texoma Medical Center is driving demand for retail, restaurant, and professional office space. Denison stakeholders have vigorously invested over $400,000,000 since 2009 (PDF) and the return on investment has been tremendous. New housing starts and multi-family development are reflections of this investment in Denison. We need retail & restaurant development to catch up!
Downtown Denison Redevelopment
(Denison Main Street District) Over 500 properties make up Denison's Historic Downtown District. Numerous new businesses, restaurants (like Rustico Restaurant, Best Burger Barn, Vitina's Deli), and Ivanhoe Ale Works brewery have come online in 2015-2017. See the Denison Live website for business listings and events like the Music on Main Summer Concert Series. Loft development is continuing an exciting downtown redevelopment trend with 6+ new lofts coming online in 2017. Denison Development Foundation is currently offering a 15% Matching Incentive for destination developments including: restaurant, brewery, distillery, winery, and/or tasting room in the Downtown Denison Entertainment District. Ivanhoe Ale Works & Rustico are the first two Destination Incentive recipients. Check out Vision 2020 (PDF) to see some of the exciting ideas ahead!
Denison created Tax-Increment Reinvestment Zone #3 (The Downtown TIRZ) in December 2016 to fund an aggressive redevelopment effort. The first step in this process began when Denison engaged Toole Design Group to create Downtown Denison Redevelopment Masterplan. Click this link for some of the early design concepts (PDF). The City is planning to begin Phase 1 construction in 2019 to 2020 after the engineering for phase one is complete.
We look forward to hearing from you. Please call our office 903-464-0883 or email William Myers if you have any questions.