Join The Discussion

 

Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

read more >

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.

read more >

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.

read more >

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.

read more >

Glen Garden sale closes, distillery on tap

Firestone & Robertson Distilling Co. closed late Wednesday on its purchase of the historic Glen Garden Country Club in southeast Fort Worth, with plans to convert it into a whiskey distillery and bucolic visitor attraction.

read more >

Foreign-trade zone expansion plan seeks Fort Worth support
A. Lee Graham

Reporter

More companies could save property taxes and customs duties if the Fort Worth City Council and other entities support plans to expand foreign-trade acreage in Mercantile Business Park.

The issue is up for consideration at the next regular council meeting.

Pre-council begins at 4 p.m. Tuesday Jan. 7, with the regular meeting starting at 7 p.m. at City Hall, 1000 Throckmorton St.

The business park already offers 630 acres where Interstate 35W and Northeast Loop 820 meet north of downtown. Under the proposal, its boundaries would expand in all directions, notably meeting Interstate 35 to the west and Loop 820 to the north.

Having received a letter of support from Haltom City, the foreign trade-zone grantee has requested a similar letter from the city of Fort Worth.

Other affected cities are Saginaw and North Richland Hills.

Companies operating within such zones pay no duty on imports until they leave the zone for a domestic destination. Duties also are waived on items brought into the zone and exported since the items never enter customs territory. The idea is to lower the costs of U.S.-based companies engaged in international trade to create and retain employment and capital investment opportunities resulting from those operations.

In other business, the council will consider a rezoning request allowing 27,000 square feet of restaurant and retail space at La Gran Plaza west of Interstate 35W along West Seminary Drive. The property was previously zoned to allow a rodeo arena, plans that never reached fruition. With council approval, property owner Town Center Mall LP would remove rodeo use designation from the site plan and replace it with two pad sites for restaurant and retail uses.

lgraham@bizpress.net

 

< back

Email   email
hide
TCU/Baylor
Did the College Football Playoff Committee get it right?