Restaurants rent space in Dallas shopping plaza
The Plaza at Preston Center promises to be more than just a typical shopping center for Dallas residents. This haven for shoppers, which will be set up at the southeast corner of Northwest Highway and Preston Road, is still in the development stages. However, the establishment recently got new tenants who could have a significant impact on current residents and those individuals who are pursuing homes for sale in Dallas.
According to the Dallas Business Journal, True Food Kitchen officially became the first business to rent space in the plaza. This restaurant serves globally inspired cuisine, and will occupy a 5,915 square-foot space at the shopping venue in 2013. Hopdoddy, a burger bar that already has locations in Austin, will also set up shop in the plaza.
The impact of new restaurants at The Plaza at Preston Center
While new establishments could satisfy diners' tastes, they can also effect the local economy. For example, restaurants need bartenders, cooks, wait staff and other professionals to serve customers. True Food Kitchen and Hopdoddy may look to local job seekers to fill vacancies, which could help lower the area's unemployment rate.
Dallas has seen an increase in its leisure and hospitality employment over the past year. The U.S. Bureau of Labor Statistics notes that the Dallas area added more than 11,000 jobs in that sector between July 2011 and July 2012.
Additionally, the Texas Workforce Commission (TWC) released data showing how the Dallas economy has continued to improve. The source notes that the unemployment rate for the metropolitan statistical area that includes Dallas, Arlington and Fort Worth fell from 7.4 percent to 6.9 percent from July 2012 to August 2012.
TWC Chairman Andres Alcantar told NBC 5 Dallas-Fort Worth that the Lone Star State has displayed consistent growth in a variety of industries. In fact, Texas has seen its annual growth rate increase for 28 consecutive months. Dallas, the third-largest city in Texas, has impacted the state's economic improvement and will continue to do so with new businesses arriving in the area.
Consider the benefits of new businesses coming to Dallas when pursuing the homes available in this city. Whether you're looking to enjoy shopping or dining in the area, new establishments at The Plaza at Preston Center may influence the region's economy in the near future.