Mixed Use News

West Grove center in McKinney signs on slew of new restaurants

Whole Foods Market flagship store in Austin

Whole Foods Market flagship in Austin.

WFM

A mixed-use center coming soon to McKinney has already lined up more than a dozen tenants: According to a release, West Grove, a new development at the intersection of US-380 and North Custer Road has signed on a supermarket, a coffee shop, ice cream shop, and a Chick-fil-A.

West Grove is from De La Vega Capital and Development and designed through a public-private partnership with the city of McKinney. It'll span more than 500,000 square feet and be a walkable mix of retail, restaurants, and entertainment options, as well as 420 residential units, 55,000 square feet of office space, and two acres of green space, with a 2-acre park, plus open-air spaces, lively outdoor decks, lush landscaping, and thoughtful lighting details, that sounds intriguing.

West Grove will be anchored by Whole Foods Market, which broke ground in November 2024. The center is scheduled to open in 2025. Miraculously, the Chick-fil-A opened in March.

Without further ado, the businesses making their West Grove debut include:

Food & Beverage

Whole Foods Market. A 45,082-square-foot Whole Foods Market will anchor West Grove.

Oak & Stone. A modern eatery specializing in wood-fired pizzas, craft beers, and artisanal dishes made from freshly sourced ingredients. This will be the first Oak & Stone location in Texas.

Chick-fil-A. Chick-fil-A opened at West Grove in March 2024.

Kura Revolving Sushi Bar. Japan chain is a unique revolving sushi bar experience where customers can select dishes from a conveyor belt. The West Grove location will be the first Kura Sushi in McKinney.

Keke’s Breakfast Cafe. This breakfast chain is the Denny's sibling known for its breakfast and lunch. This will be their first location in McKinney.

Velvet Taco. Dallas fast-casual chain specializing in globally inspired tacos will open its first McKinney location at West Grove.

Sweet Paris Crêperie. Originally from Houston, Sweet Paris specializes in crêpes, waffles, and other French-inspired dishes. This is their first location in McKinney.

Chipotle. Popular fast-casual chain specializing in customizable burritos, tacos and bowls, Chipotle has a strong presence not only nationwide but also in McKinney.

La La Land Kind Cafe. Quickly-growing Dallas coffee shop chain is dedicated to supporting and creating opportunities for youth and individuals in need. This will be the first La La Land in McKinney.

Paciugo Gelato. Founded in Dallas, Paciugo is the Italian-inspired gelato shop offering a variety of handcrafted flavors. The West Grove location is an anticipated addition to McKinney, making it the only active Paciugo in the area.

Health & Beauty

Sephora. Largest prestige beauty omni-retailer in the U.S. and Canada offers a wide range of high-end makeup, skincare, hair, and fragrance products. This will be the first stand-alone full-service location in McKinney.

Orange Twist. California-based med spa specializing in non-invasive aesthetic treatments like body sculpting and skin rejuvenation. This will be Orange Twist’s first location in McKinney.

Reformed Pilates. Boutique Pilates studio offering reformer-based classes focused on strength, flexibility, and overall wellness. This will be the first Reformed Pilates studio in McKinney.

Services

Resort Nail Spa. Luxury nail spa offering premium manicure and pedicure services, dedicated to creating a relaxing and affordable experience. Originating in Dallas, this will be the first Resort Nail Spa location in McKinney.

Chewy Vet Care. Chewy Vet Care is a branch of the popular online pet retailer Chewy, providing veterinary services for pets. This facility is one of the first Chewy Vet Care locations in Texas, alongside one in Fort Worth.

PNC Bank. Headquartered in Pittsburgh, PNC Bank is one of the largest financial services groups in the U.S.

“We’re excited to continue expanding West Grove with a diversified selection of tenants that complement our vision for the development,” said De La Vega President and CEO Artemio De La Vega. “West Grove is a space where people can gather, connect and enjoy experiences that enrich their daily lives.”

openings

out of reach

This is how long it takes to save for a starter home in Dallas right now

Courtesy of Tri Pointe Homes

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A new national housing affordability report has confirmed something many renters already know: The possibility of owning a home is moving further out of reach for many renters across America.

Becoming a new homeowner is especially challenging for households in several major U.S. metros — including Dallas — where it now takes well over a decade to save enough money for a down payment on a starter home.

These findings were unveiled in a new study from The Julian Bond Institute for Financial Equity Research (JBI), a nonprofit research branch of the Center for Responsible Lending (CRL). The report comes as a result of its Project 2050 Survey that analyzed "Americans' financial aspirations across generations and racial groups and the obstacles they encounter in achieving them."

JBI said Americans of all generations, racial backgrounds, and ethnicities haven't given up on "this aspect of the American dream," but the journey towards becoming a homeowner is "grow[ing] exceedingly challenging." In addition to saving for a down payment and closing costs, renters must also navigate high mortgage rates and high home prices. All of these combined factors have pushed monthly payments out of reach for most families.

"There has been much coverage of the difficulty aspiring homeowners face in being able to afford the monthly payments on a home loan," the report said. "But less attention has been given to an equally important part of the housing affordability squeeze: The impact that higher home prices and the affordability crisis are having on the ability of families to save enough money to afford the upfront costs of homeownership."

Using the results from a previous 2019 survey and the most recent survey results, JBI examined how many years it would take a typical renter family to save enough money to cover a down payment and closing costs for a starter home in the U.S. and in its 10 biggest metros.

The report found that it now takes the typical Dallas renter household 12 years to save for a starter home in 2026, up from 7 years in 2019. And Dallas technically appears on the lower end of the spectrum out of the 10 biggest U.S. metros.

"Although there is some variation across these areas, even in Houston — where the years to save is the lowest — it would take the typical aspiring homeowner 11 years to save enough money to purchase a starter home," the report said. "At the opposite end of the spectrum, in Los Angeles, it would take 24 years. And in all these areas, there has been a sizable increase in the number of years required to save since 2019."

For the typical American household, it now takes 16 years to save for a starter home, a figure that has doubled since 2019. That's based on an American median renter household income of $57,991, and an estimated saving rate of 2.63 percent. The report defines the saving rate as the percentage of a family’s income that can be set aside for the purchase of a home after expenditures, assuming that aspiring homeowner families can devote 75 percent of their savings toward a home purchase.

"[This] translates to annual savings of roughly $1,525," the report found. "For such a family, it would take 16 years to accumulate enough savings to purchase a starter home [at the median price of $335,574]."

Renter households that made $42,750 in income at a 3.96 saving rate would result in $1,693 saved for the purchase of a home in 2019. By those metrics, it would take the typical renter household eight years to save for a starter home at the 2019 median price of $217,520.

This is how many years it takes to save for a starter home in the 10 biggest U.S. metros compared to 2019, from longest to shortest:

Los Angeles: 24 years, up from 14 years in 2019
New York City: 23 years, up from 10 years
Miami: 22 years, up from 10 years
Washington, D.C.: 16 years, up from 8 years
Chicago: 15 years, up from 8 years
Philadelphia: 15 years, up from 8 years
Phoenix: 15 years, up from 8 years
Atlanta: 13 years, up from 7 years
Dallas: 12 years, up from 7 years
Houston: 11 years, up from 8 years

real estate housing affordability housing market real estate report dallas houston