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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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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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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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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 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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WestBend project plans additional retail space

 

A. Lee Graham
lgraham@bizpress.net

A stalled Fort Worth mixed-use project is back on track, with the WestBend development along University Drive promising 84,000 square feet of additional retail space, including a newly signed anchor tenant, according to project developer Trademark Property Co.
About 57,500 square feet of Class A office space also will be added to the property, with construction planned to begin in early 2014. Grand opening is set for spring 2015.


The expansion will complete the 278,000-square-foot mixed-use project, according to Trademark officials. The site, just east of University Park Village and west of the Fort Worth Zoo, will include several restaurants along the Trinity Trail, with trailside patios, new public spaces and retailers.
Earlier this year, Trademark CEO Terry Montesi announced plans to restart the project. The 2008 recession put the project on the back burner the following year.


“We stopped so we could sustain it and keep owning it,” Montesi told a packed audience at an August business luncheon.
An on-site parking garage had been partly built when developers put the brakes on construction.
 

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