Southlake resident and President and CEO of Newstream Companies Tim Nystrom says he was attracted to entrepreneurial opportunities from an early age.
After graduating from Baylor University, he purchased a Smoothie King franchise, which turned into several Smoothie Kings, which lead to a successful real estate company and eventually a commercial development company, focusing on hotel and mixed-use retail development, that’s shaping the Metroplex.
His team has taken on some of the hottest local developments like revisioning downtown Roanoke, building out a lifestyle development in Flower Mound and now creating a new property in Grapevine.
“It’s not just about building something,” Tim says. “It’s about creating something that has a footprint and stamp that leaves a legacy.”
He, alongside his brother Matt Nystrom, also wanted to get involved with the restaurant industry, so they opened Craft & Vine Taproom & Eatery inside one of their developments. And after its success, they went on to open Stacks Biscuit House.
“I knew one day I really wanted to open a few restaurant concepts,” Tim explains. “It’s a passion for me.”
While Tim is balancing a lot of other projects, he still is excited to grow his restaurant portfolio, whether that be opening a second Craft & Vine location or developing a new concept in the future for local diners. And he credits his team for giving him the support to take on more legacy-building opportunities.
“They really embrace their roles and embrace what they are doing,” Tim says. “As long as you have really talented people working for you, it’s easy to compartmentalize.”
When he’s not working, Tim enjoys traveling with his wife Donna and their three children, Andrew, Zac and Madison. The two are also very active in CISD because they know how lucky they are to be in a city with such a thriving school system and community.
“We knew we wanted to get our kids into a good school district and be in a really good community,” Tim says. “We plan on being here for a while.”