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Fort Worth to consider adopting 15-year Cavile Place redevelopment plan

The 300-unit Cavile Place housing project in Southeast Fort Worth would be razed and replaced in phases, with a significant number of the units redistributed into the neighborhood.

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Residential land at Chisholm Trail Ranch purchased

Stratford Land, Legacy Capital Co. and the Walton Group of Cos. have snapped up 268 acres of residential land at Chisholm Trail Ranch in Fort Worth.

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Texas adds 19,100 nonfarm jobs in June; Fort Worth-Arlington jobless rate 5.3 percent

Seven of Texas' 11 major industry segments added jobs in June, the Texas Workforce Commission reported.

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Fort Worth payment processor acquired by pension plan group

Fort Worth-based First American Payment Systems has been acquired by an investor group led by the Ontario Teachers’ Pension Plan (Teachers’), with participation of members of the First American management team.

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Fort Worth council members approve Cavile Place redevelopment plan

The vote kicks off what officials say will be a 10-15-year implementation.

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University Park Village to lose Barnes & Noble, despite grassroots appeals
 
A. Lee Graham
Reporter
 
More than 1,500 Facebook “likes” weren’t enough to save Barnes & Noble Inc.’s University Park Village location as the landlord announced the bookseller’s final decision to close late Monday.
 
“We have confirmation from Barnes & Noble that the store at University Park Village will close at the end of the year,” said Jessi Fausett, marketing director for Glimcher Realty Trust.
 
The Ohio-based landlord owns the shopping center and has fielded phone calls and emails from loyal customers since the bookseller announced plans to pull out of the location, as well as its downtown Sundance Square space.
 
It cited lower retail sales, not to mention operating in an area not traditionally conducive to retail traffic, in its decision to close the latter location.
 
But losing the University Park Village store led several determined customers to save the beloved store. Not only did they bombard the landlord and bookseller with phone calls and emails, but they also created a “Save Barnes & Noble at University Park Village” Facebook page. Hours before Glimcher’s Monday announcement, the page had 1,582 “likes,” with 1,247 users “talking about this.”
 
Debra Million, who lives just east of the store in the Berkeley Place neighborhood, mobilized fellow customers to save the bookstore. She was crestfallen at the bookseller’s apparent final decision and described the store as more of a “community gathered center” than a mere bookstore, where she, her daughters and many others have bought books, attended author signings and participated in high school holiday wrapping fundraisers at what’s become a neighborhood fixture.
 
The bookseller’s University Park Village lease expires at the end of January 2014, but the company must vacate the premises a month earlier to allow the landlord to prepare the space.
 
Despite the pullout, a Barnes & Noble representative does not dismiss reopening at a different location.
 
“I would certainly expect that, over time, we’ll find a way to come back and find another home there [in Fort Worth],” said David Deason, Barnes & Noble’s vice president of development, commenting recently.
 
“We’d love to stay,” Deason said of retaining the University Park Village store. “We’ve done everything we can on our end to make that happen, but the objective of the current owner is to divide that space up and have higher rents from multiple tenants.”
 
Exactly what tenants will fill the space – and whether any leasing decisions have been made – has not been made public.
 
lgraham@bizpress.net

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