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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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BAE to hire 300 in area for F-16 upgrade program

 

F-16 jets in flight. Photo courtesy of BAE Systems.

www.baesystems.com

 

BAE Systems Inc. plans to hire about 300 workers, many at its Fort Worth facility, to support upgrades on 130 F-16 aircraft via an agreement between the Republic of Korea and the U.S. government.


The Arlington, Va.-based company, the U.S. subsidiary of British-based BAE Systems plc, is beginning the first phase of the work under contract through the U.S. Department of Defense’s Foreign Military Sales program. While no price for the contract was released, The Guardian newspaper reports the contract is valued at about $1 billion.
 

“This agreement marks a significant expansion of our F-16 modernization business, and we’re eager to get to work,” said Erin Moseley, president of BAE Systems’ Support Solutions sector in a news release. “When we were chosen by the Republic of Korea last year, it showed that we are a viable and experienced provider of fighter jet upgrades and systems integration. As demonstrated by today’s important milestone, we offer cost-effective modernization solutions, customized to meet any country’s requirements.”


Under terms negotiated by the U.S. Air Force and the U.S. Defense Security Cooperation Agency, BAE Systems will upgrade 130-plus KF-16C/D Block 52 aircraft, with computers, displays, sensors and weapons and associated equipment, training, and logistical support. Phase one of the work will begin immediately and will involve the initial design and development of the upgrade solution. Phase two of the work would begin next year and would complete the production and installation of the upgrade kits in all of the aircraft over the next several years.
The work to upgrade the KF-16 fleet will be performed primarily at BAE Systems’ facility in Fort Worth, but other company sites in Florida, New York, California, and Virginia will also be involved. - Robert Francis

 

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