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Moves by Jeb Bush add to talk of 2016 candidacy

WASHINGTON — Jeb Bush's decision to release a policy-laden e-book and all his emails from his time as governor of Florida has further stoked expectations among his allies that he will launch a presidential bid.

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Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

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Davis wins, uh, Bum Steer award

Fort Worth State Sen. Wendy Davis won…well, O.K., she lost the Nov. 4 gubernatorial election to Republican Greg Abbott, but she did win Texas Monthly magazine’s annual “Bum Steer of the Year” award for her campaign.

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Cheesecake Factory open in Fort Worth by year-end?

By Scott Nishimura
snishimura@bizpress.net

The Cheesecake Factory should be open at downtown Fort Worth's Sundance Square by the end of the year, the company’s senior project manager for the launch told Fort Worth’s Downtown Design Review Board Thursday.

The 8,800-square-foot restaurant - being built in the former Barnes and Noble Cafe at Fourth and Commerce streets and the Ferre restaurant space next door - will have space for 231 diners and patio seating for 44, Joe Avotins said.

The design goal is to fit the restaurant into the existing space without making significant changes to the exterior, Avotins told the Design Review Board, which approved the design plan. Cheesecake Factory will remove the Ferre patio and build a new patio that’s recessed into the restaurant and will include a big awning.

“I will say this is probably the most nuanced design process I’ve been through,” Avotins joked to the Review Board members.
Sundance Square and Downtown Fort Worth, Inc. executives supported the project plan. Sundance and Cheesecake Factory announced May 30 that the restaurant was coming.

Cheesecake Factory restaurants nationally have “raised the sales of the surrounding restaurants, because of the sheer volume,” Johnny Campbell, CEO of Sundance Square, told the Review Board.

Andy Taft, president of Downtown Fort Worth, Inc., said Cheesecake Factory’s reputation is one of appropriately fitting its restaurants into spaces.

“You know it’s going to come to you with a good deal of thought behind it,” he told the Review Board.

The addition of The Cheesecake Factory demonstrates how far downtown and Sundance Square has come along, Campbell said in an interview.

“If you think of Sundance Square 10 years ago, a high-volume restaurant was a $3 million restaurant,” he said.

The publicly traded Cheesecake Factory has 175 restaurants averaging $10 million per store.

Being publicly traded, “when they’re site selecting, they have to prove they can make that average,” Campbell said.

Campbell said Sundance has been talking to The Cheesecake Factory for more than a year about prospective locations. The focus turned to the former Barnes and Noble space in the late fall, he said.

Sundance Square still has 18,000 square feet of the former two-story Barnes and Noble to lease, and is promoting it to soft good retailers. Cheesecake Factory’s lease includes the second story of the bookstore that went over the cafe and Ferre.

If Sundance leases the remaining bookstore space to more than one tenant, the spaces would likely not be two stories, Campbell said.

“Our focus is on large retailers,” Campbell said “That’s what we’re working with right now.”

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