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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

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Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

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Ground broken in Argyle

 

The Oaks of Argyle rendering


Fort Worth developer James R. Harris Partners LLC (JRH Partners) has broken ground for The Oaks of Argyle, a $55 million neighborhood of single-family custom homes in Argyle. Located 28 miles north of downtown Fort Worth between Alliance and Denton, the 40-acre development lies at the end of Cook Street, east of Texas 377 and adjacent to Argyle High School. It will include 107 home sites and eight acres of park land. Homes priced from $400,000 will be built on approximately one-quarter-acre lots. The development will be completed in two phases. “Construction of 50 homes in the first phase is expected to start this fall,” said Justin Welborn, managing partner of The Oaks of Argyle and a partner in JRH Partners. The neighborhood is in a wooded area with park land planned to include walking paths, seasonal creeks, natural play structures, post oaks and prairie grasses. The eight acres of open space represent 20 percent of the development, which is twice the town of Argyle’s requirement.
“Our intent is to leave the land in its native form as much as possible,” Welborn said. There are currently 2,400 post oak trees on the property. The homebuilders may remove trees from the footprint of the main structure and the driveway, but they must adhere to Argyle's mitigation policy regarding removal of additional trees from a home site.
Thus far, the builders include Village Homes, Bannister Custom Homes, Noble Classic Homes, Hamilton Homes and Craftsman Village Homes. Welborn expects to add more qualified builders to meet the anticipated demand.
JRH Partners purchased the land from The Miles Foundation of Fort Worth, which was represented by Mike Ball of Mike Ball Realty Corp. of Fort Worth. JRH Partners represented itself. No financial details were disclosed. Frost Bank and The Miles Foundation are providing development financing.
“The foundation looks to partner with people who have high standards and take pride in their work,” said Grant Coates, CEO and president of The Miles Foundation. “In this case, we tried to find a developer that could deliver the type of quality project that Argyle deserves, and we felt JRH Partners was the right choice. People are looking for a high-quality development in Argyle, and we believe there’s a market for beautiful custom homes on smaller tracts.”
Founded in 1997, The Miles Foundation works to honor the legacy of its founder, Ellison Miles (1918-2004), through the support of charitable organizations across North Texas. Miles demonstrated a passion for giving back throughout his life, and the foundation remains focused on furthering his philanthropic efforts.
The general contractor is Conatser Construction, Fort Worth; the civil engineer is Baird, Hampton and Brown, Weatherford; and the landscape architect is Design Workshop, Austin.
www.theOaksofArgyle.com
 

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