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New Independent Book Store in Plano
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Sara Reyes  
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 More options Apr 10 2008, 5:35 pm
From: Sara Reyes <s...@dfwtea.com>
Date: Thu, 10 Apr 2008 16:35:01 -0500
Local: Thurs, Apr 10 2008 5:35 pm
Subject: New Independent Book Store in Plano

There is an article in the Dallas Morning News
this morning about Legacy Books, the bookstore
that Terri Tanner is opening in Plano where Kathy
Baker will serve as the romance buyer.

<http://www.dallasnews.com/sharedcontent/dws/bus/stories/041008dnbusbo...>http://www.dallasnews.com/sharedcontent/dws/bus/stories/041008dnbusbo...

Plano's Shops at Legacy complex will soon have
one of the largest independent bookstores built in the U.S. in years.

The 24,000-square-foot bookseller plans to open
in late summer near the northeast corner of the
Dallas North Tollway and Legacy Drive, occupying
a three-level store in the newest section of the Shops at Legacy.

"All you hear about is independent bookstores
going under," said Teri Tanner, managing partner
of Legacy Books. "Well, we are opening one."

Ms. Tanner – a Tyler native whose retail
experience includes both big nationwide book
chains – was working with Borders a few years ago
when it considered a location at the Shops at Legacy.

Borders ultimately decided not to do the deal,
but Ms. Tanner couldn't get the site out of her mind.

"This is a great niche location in Plano," she
said. "The demographics are great, and this is a
place where people like to hang out."

On any day of the week, thousands stop by to
catch a movie at the Angelika Film Center, eat at
the more than two dozen restaurants or shop in
one of the center's specialty stores.

But developer Fehmi Karahan still wanted a
bookstore in his 6-year-old project.

"Since the beginning, we've had a strong desire
to do a bookstore," Mr. Karahan said. "But we just weren't able to do a deal."

These are tough times for book retailers.

After years of competition from low-cost Internet
sellers, discounters including Wal-Mart and
Costco are now hammering book merchants.

Borders has lost $300 million in the last two years and is considering a sale.

Barnes & Noble's net profit was down about 10
percent in the last year, and the company has
warned investors that its profit could fall about
10 cents per share this year.

Still, Ms. Tanner said her Legacy store will sell
entertainment as much as it will peddle books.

"Sure, you can get it cheaper on the Internet,"
she said. "But what's lacking is the interactive experience."

Mr. Karahan is hoping that the bookstore will be
as much of a customer draw for his shopping center as the Angelika theater.

"What they have done on the south side of the
project, the bookstore will do on the north side," he said.

Legacy Books plans to offer the expected
magazines, books and coffee bar, plus an area for
cooking demonstrations and a separate Wi-Fi bar.

The store, now under construction, will be done
in a modern style designed by Dallas architect
Morrison Seifert Murphy, which also did the new
One Arts Plaza tower in downtown's Arts District.

The interior plans show an open space with
floating staircases, bright-colored fixtures and large windows.

"It's an inviting interior space that happens to
be a bookstore," said architect Pat Murphy.

Ms. Tanner said she's patterning the store after
independent booksellers in other U.S. cities.

She's spent hours visiting Seattle's Elliott Bay
Book Co., Denver's Tattered Cover, BookPeople in
Austin and other one-of-a-kind stores.

"We're planning on having 100,000 titles," she said.

Avin Mark Domnitz, chief executive of the
American Booksellers Association, said while
other independents are opening around the
country, Legacy Books is the largest in memory.

"I cannot tell you how thrilled we are that an
independent of such scope is opening," Mr.
Domnitz said by e-mail. "Also the fact that they
are opening in Texas makes us even more excited.

"Texas has a long and rich history of grand independents," he said.


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