The Arbors On Preston Road: 5 Critical Changes Coming In 2025 After Major Anchor Store Closures
The Arbors on Preston Road, a long-standing fixture on the Far North Dallas/Plano border, is currently at the epicenter of a massive retail shift, with the most significant changes expected to materialize in late 2025 and beyond. As of today, December 23, 2025, the open-air shopping center is grappling with the confirmed departure of two of its largest and most prominent anchor tenants, which will dramatically reshape the consumer experience and the future development potential of the entire property.
This comprehensive guide details the center's current offerings, its unique features, and the five critical changes—including major store closures and potential redevelopment—that shoppers, residents, and commercial investors must know as this affluent North Texas retail hub enters a new era.
The Arbors on Preston Road: At a Glance (Pre-2025 Changes)
The Arbors on Preston Road, developed and managed by the Fritz Duda Company, is a sprawling retail and mixed-use center located at the highly trafficked intersection of Preston Road and Frankford Road in Dallas, TX. Its strategic location places it right on the dividing line between Far North Dallas and the booming Plano community, serving one of the most affluent residential areas in the entire Dallas-Fort Worth Metroplex.
- Location: NEC Preston Road & Frankford Road, Dallas, TX 75252
- Owner/Manager: Fritz Duda Company
- Center Type: Open-Air Retail and Mixed-Use Center
- Total Size: Approximately 244,180 square feet of retail space
- Key Features: The center is noted for its distinctive open-air design and a beautiful lake setting, providing a more picturesque and relaxed shopping environment compared to traditional enclosed malls.
- Current Anchor Tenants (Pre-Closure): Tom Thumb and Kohl's
The center’s proximity to high-end residential communities and prestigious clubs like the Bent Tree Country Club and Preston Trails Country Clubs has historically made it a prime destination for specialty retail and dining.
The Five Critical Changes Reshaping The Arbors on Preston Road
The biggest story surrounding The Arbors is the impending vacuum left by two retail giants. The simultaneous departure of these key anchors opens up massive redevelopment opportunities and signals a major transition for the property and the surrounding Preston Road Corridor.
1. The Confirmed Departure of Two Major Anchor Stores (2025)
The most immediate and impactful change is the confirmed closure of both the Macy’s and Kohl’s locations at The Arbors on Preston Road. Both retailers have announced plans to shutter these large-format stores by April 2025, citing corporate strategies to close underperforming locations.
The closure of the Macy's store, located at 18224 Preston Rd, is part of a broader corporate restructuring. Similarly, the Kohl’s store, a long-time anchor, is also slated for closure by April 2025. These closures will free up enormous tracts of retail space, positioning the center for a significant shift in its tenant mix and overall design.
2. The Rise of Mixed-Use Redevelopment Potential
With hundreds of thousands of square feet suddenly becoming available, the future of The Arbors on Preston Road is likely to trend toward mixed-use development. The property's owner, Fritz Duda Company, now has the opportunity to completely reimagine the massive anchor spaces.
In the current North Texas real estate climate, former department store sites are frequently being replaced by dynamic, multi-faceted projects that include:
- Luxury residential units (apartments or condos)
- Modern office space
- Expanded entertainment and dining options
- Boutique retail and services
3. Stability Provided by Remaining Anchor and Specialty Tenants
Despite the major closures, the center maintains strong operational stability thanks to its remaining anchor and a robust lineup of specialty tenants. Tom Thumb remains a critical anchor, driving consistent daily traffic to the center.
The smaller, high-traffic tenants will be key to maintaining momentum during the redevelopment phase. These essential businesses include:
- Health and Wellness: Anytime Fitness, Rejuve Med Spa, Phenix Salon Suites, Vida Salon
- Service Retail: The UPS Store
- Casual Dining: Firehouse Subs
4. Increased Focus on Specialty Dining and Open-Air Ambiance
The center’s unique features—its open-air configuration and picturesque lake setting—are expected to become a more central part of its future identity. The trend in modern retail is toward experiential shopping, and The Arbors is well-positioned to capitalize on this.
The Fritz Duda Company is likely to prioritize attracting more high-end, specialty restaurants that can utilize the outdoor space and the lake views. This focus on dining and ambiance will draw patrons from a wider area, creating a true leisure destination that competes with newer developments in nearby Plano and Frisco.
5. Heightened Commercial Real Estate Activity in the Immediate Area
The major anchor closures at The Arbors on Preston Road are taking place amidst a flurry of commercial real estate activity along the entire Preston Road Corridor. This includes major projects like the new mixed-use development at the former Valley View site (further south) and other significant land acquisitions in the rapidly expanding northern suburbs.
The Arbors’ redevelopment will be watched closely as a bellwether for the future of older, well-located retail centers in North Dallas. Its success in replacing the two department stores will set a precedent for how other centers adapt to the changing retail landscape, where large-scale big-box stores are giving way to a mix of residential, office, and experiential retail concepts.
The Arbors on Preston Road: A New Chapter
The coming months will be a period of significant transition for The Arbors on Preston Road. The departures of Macy's and Kohl's by April 2025 mark the end of an era for this North Dallas shopping center. However, for residents and visitors, this change presents an exciting opportunity for a revitalized, modern destination. The center's prime location, unique open-air design, and the stability of its remaining tenants ensure that its next chapter will likely involve a dynamic, high-value mixed-use development that further elevates the quality of life in the affluent Far North Dallas and Plano communities. Keep an eye on the corner of Preston and Frankford for the announcement of the next generation of retail and lifestyle offerings.
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