Argyle MDD reviews Retail Strategies quarterly market report; members question contract value
November 04, 2025 | Argyle, Denton County, Texas
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Harrison (staff) summarized the report, saying Retail Strategies provided market outreach updates and demographic breakdowns by drive-time (1/3/5 mile or 10-minute drive-time) and identified several national and regional retailers with ongoing conversations about Argyle, including Sam’s, BJ’s Wholesale Club, Kroger and specific interest in Brahms and Ace Hardware. Harrison said he planned to send more site-specific materials — including details on the two-story Argyle Station building and available restaurant suites — to Retail Strategies for outreach.
Board members pressed staff on outcomes. One member said the town is nearing the end of a two-year engagement and asked whether Retail Strategies has produced any signed leases or relocations to Argyle. Board members noted that the firm’s work often consists of data and introductions and that a more tangible marker of success would be an executed lease. The board discussed the contract’s cancellation clause and agreed staff should place the contract decision on a March–April agenda so the board can decide before any June renewal payment is due.
Members also discussed alternatives and market players such as Retail Coach and the role of brokers. Harrison said some retailers rely on their own consultants and brokers; one board member said he has contacts at Ace and had invited the Ace representative to meet. Harrison said he had shared the Retail Strategies report with local contacts but that the firm requested some outreach be treated as confidential; staff confirmed Retail Strategies said it was okay to share the version presented at the meeting.
No formal action to amend or terminate the town’s contract with Retail Strategies was taken; the board directed staff to monitor leads and return with information ahead of the March–June decision window.
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