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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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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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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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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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