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Originally Posted by Hill Country
I got the impression that Whole Foods gave up on this project when they moved part of their headquarters staff to the Las Cimas development off 360 about a year and a half ago.
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Whole Foods only signed a 2-year lease with a 1-year extension at Las Cimas to temporarily house their expansion. It's my understanding that Whole Foods has a right of first offer on Shoal Creek Walk, meaning that if the developer (Schlosser) builds the building he has to offer the space to Whole Foods first, before he can lease it. Whole Foods has the right to take all or some of the office space in the building. It may even be at a fixed rental rate. There are rumors in the brokerage community that Whole Foods and Schlosser are feuding right now. Don't know if that's true, but if it is, it is more than likely about Shoal Creek Walk.