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Ice cancels flights, snarls traffic; snow in North Texas forecast

DALLAS (AP) — More wintry weather was expected across parts of North Texas through Wednesday.

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Riverside: Developer sees revitalization with apartments, townhomes driving commercial projects

A Dallas developer is seeking to rezone more than 18 acres in Fort Worth’s Riverside area overlooking Oakhurst Scenic Drive, the Trinity River and downtown, with plans to build as many as 400 apartments and townhomes aimed at renters who want to live in or near the central city. D

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Einstein Bagels closing two Tarrant locations

Einstein Bagels is closing two Tarrant County locations, part of a series of 39 closings around the country, according to the company’s owners, JAB Holding Co.

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Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

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Plans for Grand Prairie indoor ski resort, Hard Rock Hotel evaporate

Plans for a $215 million indoor ski resort and Hard Rock Hotel in Grand Prairie have been shelved. Sherman Thurston, a member of the development team, sent a

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Renaissance Square apartment development gets boost from housing board vote

By Scott Nishimura
snishimura@bizpress.net

The Fort Worth Housing Finance Corp. on Tuesday approved a $1.3 million, five-year loan to aid the development of a 140-unit apartment community at the Renaissance Square development in southeast Fort Worth.

The board - the full Fort Worth City Council - voted unamimously, after a motion by member Kelly Allen Gray, whose council district includes Renaissance Square.

The city staff recommended approval of the loan, which carries an interest rate of the lower of 1 percent of an applicable federal rate. The loan is subordinate only to the overall permanent financing for the project, Jay Chapa, HFC’s assistant general manager, told the board.

Development cost for the project, to be developed by Columbia Residential of Atlanta, is estimated at $20 million, Chapa said. 

The community will have 112 affordable-rent apartments and 28 market-rate ones. It’s the first residential component to come off the drawing board for the mixed-use development at East Berry Street and U.S. 287, launched with the opening of a Walmart store.

“What we’re going to see is a different level of affordable housing,” Council member Gyna Bivens said.

Rod Teachey, Columbia vice president of development, said Columbia is waiting for approval of a 9 percent tax credit allocation from the state before it breaks ground.

It expects to hear in July, Teachey said. If it gets that, ground-breaking would likely be in the first or second quarter next year, Teachey said. 

Columbia develops and manages affordable housing communities.
 

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