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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Crestwood area hoping to block planned office building

Residents of West Fort Worth’s Crestwood Association are trying to block the rezoning of a small apartment complex at White Settlement Road and North Bailey Avenue to make way for a planned office building, saying it would represent the start of commercial encroachment into their neighborhood.

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Tiger Woods takes a swing at Fort Worth's Dan Jenkins - in print anyway

Rarely does Golf Digest make the news. Leave it to Dan Jenkins to change that.

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Great Women of Texas honored

The Fort Worth Business Press held the Great Women of Texas event Wednesday night at the Omni Fort Worth Hotel. Stacie McDavid of McDavid Investments was honored as the

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Grocers, retailers flocking to Southlake

With its economic development engine revving at full throttle, Southlake is about to welcome several major retail and commercial projects that underscore its image

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Housing Authority reopens Knights of Pythias as lofts

By Scott Nishimura
snishimura@bizpress.net

The Fort Worth Housing Authority on Wednesday officially opened an 18-unit apartment development in the hull of the historic Knights of Pythias community hall in downtown’s Hillside.

The opening of the13,228-square-foot development, which includes 10 affordable-rate and eight market-rate apartments, helps fill in a hole in the downtown map and its residential inventory, representatives of the Housing Authority, city, federal Housing and and Urban Development department, and Downtown Fort Worth, Inc., said.

“This is just a small dent in the need,” Barbara Hulston, the Housing Authority CEO who recently retired and is welcoming her successor, Naomi Byrne, this week, said in an interview.

“But what’s significant about this is the affordability downtown. There’s not a lot of affordability downtown.”

Quadco Management Solutions began leasing the property Feb. 27, and it has one vacancy left: a two-bedroom, one-bath, 845-square-foot market rate unit for $1,900.

Four of the market-rate units in the complex are 745 square feet and rent for $999. The Housing Authority pays for water; tenants pay other utilities. The apartments come with complete appliance packages, including washers and driers.

The affordable rent apartments are targeted at people who make 80 percent of area median income.

The Fort Worth developer Phillip Poole held the property and envisioned four condominiums with parking, but he wasn’t able to get it financed, so he sold the property to the Housing Authority.

“The Housing Authority had the funds, could step in,” Poole said during Wednesday’s opening. “They’ve done an outstanding job.”

The Housing Authority borrowed $950,000 from the city through Community Development Block Grant money, and $1.5 million from CommunityBank of Texas, and it doubled the original building footprint in the redevelopment.

The 87-year-old building had been vacant and deteriorating for years.

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