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T&P Warehouse: Historic building remains in limbo as area redevelops

For years, the historic T&P Warehouse on West Lancaster Avenue downtown, built in 1931 to house freight for the Texas Pacific Railway, has sat vacant and deteriorating.

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Susan Halsey, Fort Worth attorney, business leader, dies

Susan Halsey, a Fort Worth attorney who was also a community and business leader, died on Friday, Dec. 19. Halsey, 55, was chairman for the Fort Worth Chamber of Commerce in 2013-2014, leading the chamber during a year

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Heating up: West Lancaster corridor projects moving forward

West Lancaster Avenue through downtown Fort Worth is heating up, with planners envisioning a lively mixed-use corridor that extends the central business district further south.

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

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Texas doctor's bid to buy Detroit Packard plant falters

 

DETROIT (AP) — Wayne County canceled a Texas doctor's $6 million top bid for a sprawling former Detroit car plant and says the No. 2 bidder has until Thursday to pay up.

Dr. Jill Van Horn submitted the bid for the Packard complex at a tax foreclosure auction last week, saying she wanted to build modular homes and offices at the site.

The county treasurer's office canceled Van Horn's bid after the family practice physician from Ennis, Texas, missed a noon Wednesday payment deadline, said David Szymanski, Wayne County deputy treasurer. He said the county turned down her request for a 14-day time extension.

"We're not comfortable waiting that long," Szymanski said. "The auction rules called for 24 hours, and we extended her two days beyond that."

Chicago developer William Hults bid $2.2 million, and the county said he must pay by 4 p.m. EDT Thursday, the Detroit Free Press reported.

"He indicated that he did not have it at this time, but he hopes to have it tomorrow," Szymanski said Wednesday.

But Hults told the newspaper he's ready and able to pay up. He said he wants to turn the building into a mixed-use attraction with residential, commercial and entertainment amenities.

"I'm waiting for the number, and I'm waiting for the date that they want it," he said.

The No. 3 bid is $2.002 million by Fernando Palazuelo of Peru.

"I am interested," Palazuelo said Wednesday. "I am holding meetings with the county today and tomorrow."

Palazuelo, the CEO of Arte Express, has worked to rehabilitate dozens of old structures in his native Spain, as well as in Nepal. He told The Detroit News that he has bought, rehabilitated and leased 1.5 million square feet of dilapidated buildings in downtown Lima, Peru, during the past six years.

"He's performed well in Peru, and we'd like to see him bring his talents here to Detroit," Szymanski said.
 

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