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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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T board advances TEX Rail project by designating its first phase

photo courtesy of The T

A. Lee Graham

Reporter

The Fort Worth Transportation Authority’s board of directors plans to take action at its Aug. 12 meeting to designate the first phase of the multi-phased TEX Rail commuter rail project.

If approved, the action would enable TEX Rail to reach Dallas/Fort Worth International Airport as soon as possible, while maintaining The T’s ability to get federal New Starts funding of $380 million.

“We are excited to officially designate the first phase in our commuter rail project,” said Scott Mahaffey, chairman of the authority, or The T, board in a news release. 

“It has become apparent that a phasing of the project will permit The T to begin this initial segment as soon as possible,” Mahaffey said.

The proposed action by The T’s Board would designate the Minimal Operable Segment (MOS) of TEX as the locally preferred alternative. The MOS is the phase of the project running from the T&P Station in downtown Fort Worth across northeast Tarrant County to Grapevine and into DFW Airport.

“The FTA [Federal Transit Administration] has emphasized that New Starts grant funds are limited, and we are responding to those constraints by beginning with the segment identified in our project all along as our first phase” said The T President Dick Ruddell.

Fort Worth Mayor Betsy Price, who has advocated comprehensive commuter rail service, voiced support of following the FTA’s guidance in order to keep the local grant request in good standing. 

“We put The T Board in place to advance this project despite the obstacles that may stand in their way,” Price said.

“Moving forward with the MOS is doing just that. While the funding for TEX Rail continues to be a moving target, we simply have to start somewhere. Connecting downtown to DFW Airport has been and will continue to be our top priority. After the successful implementation of this first phase, I’m confident that future phases to extend the service will follow,” Price said.

 

 

 

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