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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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Update: Crews burn house teetering on Texas cliff

The house dangling from a cliff above Lake Whitney in Texas was set on fire Friday, June 13, 2014.
Credit: Chris Davis/KCEN

WHITNEY, Texas (AP) — Charred debris from a luxury cliff-side home fell 75 feet into a lake below on Friday after fire crews set the $700,000 retreat ablaze rather than wait for it to crumble into the water as the land faltered around it.

It took less than an hour for the fire to level the home above Lake Whitney, about 60 miles south of Fort Worth. Flames consumed exterior walls after crews spread bales of hay and fuel to ignite flames throughout the expansive home.

The ground around the home cracked and became unstable in recent months. Then a few days ago, part of the land gave way beneath the 4,000-square-foot home, leaving pieces of the house dangling off the side of a cliff. Authorities condemned the home and the owners, Robert and Denise Webb, consented to Friday's burn.

Authorities said destroying the house was better than waiting for it to topple into Lake Whitney. The cost of removing mounds of debris from the lake could prove prohibitive.

Spectators in dozens of boats witnessed the demolition from a safe distance. Live television coverage shared the view of the spiraling black smoke coming from the gated resort community.

The Webbs purchased the home in 2012, but a few weeks ago were forced to remove their personal items and relocate. They expressed shock and sadness at losing their lake house.

The Webbs, who also have a home along Florida's Miami Beach, told WTSP-TV on Thursday that the deterioration of their property has been hard to watch.

"You know, that's my life there that we're watching fall off," Robert Webb said the day before the demolition.

Geologists and inspectors had told them before they purchased the land that the property was perfectly stable, "and so we bought it in good faith," Webb said.

The house, built in 2007, was to have been left to his grandchildren, he said.

"It's really tough, that house was special and I don't even know why it was so special but it was special to me," Denise Webb said.

 

 

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