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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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Fort Worth's mayor looking for new chief of staff

Jason Lamers is leaving the city after 14 years to join Burlington Northern Santa Fe.

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Houston's Nova Medical Centers to build Evans-Rosedale clinic

By Scott Nishimura
snishimura@bizpress.net

Nova Medical Centers, a Houston operator of occupational healthcare centers, is taking a one-acre site in the Evans-Rosedale area off of Interstate 35 southeast of downtown under contract, with plans to build a new center.

Fort Worth’s Housing Finance Corp. would sell the site to Nova for $566,000, city staff told the Fort Worth City Council, serving as members of the HFC board, Tuesday. The council will be scheduled to vote on the sale this month.

“I think this is an excellent use for this property,” Council member Kelly Allen Gray, who represents the Southeast Fort Worth District 8, said.

The city had an option agreement with Cypress Equities on a 3.5-acre site that included the one-acre parcel, but agreed to assign the option to the HFC in March for $1.45 million to satisfy obligations to the federal Housing and Urban Development Department, said Jay Chapa, director of the city’s Housing and Economic Development Department.

Nova surfaced as an interested user of a third of the site, and Cypress, which developed the West 7th district in Fort Worth, will serve as development consultant to the Nova site, which is at the northeast corner of Dashwood and the I-35 frontage road.

The city had secured the HUD funds to help develop the area around Evans Avenue and East Rosedale Street. The efforts landed a Jack in the Box and 7-11 in recent years.

The HFC’s sale to Nova amounts to $13 per square foot. The HFC will receive $8.15 per square foot, or $355,014, plus 20 percent of the amount over $8.15 after expenses and broker’s fees.

Nova will likely begin construction on the site in August, Chapa said. The center will employ 15-25 people, said.

Nova, an occupational health provider for 20 years, provides care to people suffering from musculoskeletal injuries.
It treats more than 40,000 injuries annually at its facilities in Texas, Georgia and Tennessee,the city said.

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