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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Police association planning 25,000-square-foot offices

The POA, which recently demolished its one-story building at 904 Collier St. near downtown, is planning a five-story replacement.

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Barnes & Noble closing two Fort Worth stores

 

Robert Francis

rfrancis@bizpress.net

Book retailer Barnes & Noble Inc. said today the company will close two longtime Fort Worth locations – the downtown store in Sundance Square and the University Village store - in January.
David Deason, vice president of development for New York-based Barnes & Noble, released a statement regarding the closings.
 

 

“The lease for the Sundance Square store will expire in January of 2014,” he said. “The owners of Sundance Square have been fantastic partners throughout the 17 years we have been operating at this location. However, the sales generated at the store are not at a level that will support keeping the store open.”
 

According to Deason, Barnes & Noble could not reach an agreement to renew its lease with the owners of University Village, Glimcher Realty Trust in Columbus, Ohio.

"We have made tremendous effort to secure an extension to our lease at University Village,” he said. “However the owners of the property have communicated that they are committed to breaking the store up into smaller spaces for other retailers that will pay rents in excess of what we can afford. We had hoped that we could find a way to keep the store open, but there just was not interest from the property owner in this case.”


Glimcher officials could not be reached for comment. Barnes & Noble still has several area locations, including a store near TCU, just down the street from the University Village location and a site on South Hulen. 


In July, Barnes & Noble CEO William Lynch announced he was departing after a three-year tenure in which the company was battered by the shift away from brick-and-mortar bookstores to e-commerce and digital products.
Barnes & Noble has tried to compete in the tablet market with the likes of Amazon's Kindle and Apple's iPad, but sales of its Nook tablets have disappointed.
 

The company's first quarter consolidated revenues, announced in August, decreased 8.5 percent, to $1.3 billion, compared to the prior year.  

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