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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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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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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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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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Vandergriff prioritizes rail, transportation funding

 

A. Lee Graham
lgraham@bizpress.net

Hoping to ensure Fort Worth’s place in future commuter rail routing, state transportation officials have announced a committee to seek funding resources.

“The committee we appoint will be charged with making sure that [rail] lines get to Fort Worth if it gets to Dallas and also finding the money,” said Texas Transportation Commissioner Victor Vandergriff.

Speaking at the 35W Coalition’s Jan. 15 annual meeting in north Fort Worth, the Arlington businessman and longtime transportation official acknowledged state funding woes while assuring a roomful of elected officials and businessmen that improving North Texas transportation infrastructure remains a priority.

As the son of former Arlington Mayor Tom Vandergriff, Victor acknowledged the bureaucracy inherent with public service. North Texans also know the younger Vandergriff for serving as a Tarrant County appointee to the North Texas Tollway Authority board from September 2007 to January 2013 and as its board chairman from 2010 to 2011.

As transportation commissioner, Vandergriff prioritizes rail, completion of the ongoing North Tarrant Express project and seeking funding for such projects as the area population continues to surge.

But raising vehicle registration fees and gas taxes would barely generate enough revenue, said Vandergriff in response to that idea.

Meanwhile, expected to alleviate area freeway congestion is the North Tarrant Express project, which is 79 percent complete, according to Robert Hinkle, director of corporate affairs for the NTE Mobility Partners on the project, spearheaded by the Texas Department of Transportation.

“We’re ahead of schedule,” Hinkle told meeting attendees.

The $2.5 billion project, planned to widen North Loop 820 and the Texas 121-183, is split into west and east segments, with the western portion between I-35W and Texas 121 and the eastern portion between Texas 121 and the city of Euless.

Plans call for rebuilding existing general-purpose traffic lanes, expanding frontage lanes and adding managed toll lanes. The project spans 13.5 miles from where downtown Fort Worth and Interstate 35W intersect with Euless.
 

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