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Two Fort Worth council members propose temporary single-family moratorium around TCU

The moratorium would apply to new permits for single-family homes around TCU, and give the city time to figure out what to do with a controversial proposed overlay in several neighborhoods around the university.

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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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Fort Worth launching Stockyards design task force

The task force, to be chaired by the Fort Worth architect Eric Hahnfeld, would be responsible for confirming the boundaries of the city's planned Stockyards design district and reviewing the work of a consultant.

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Fort Worth council approves tax abatement for Sprouts grocery in Ridglea

The abatement would be to VCB Property, which also won an abatement to build a strip retail center.

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Mansfield to gain new senior living community
A. Lee Graham

Reporter

The Rochester Group of Fort Worth and 2GR Equity Partners of Grapevine have joined forces in developing a 95-unit senior living facility in Mansfield.

Known as Rochester Springs Assisted Living and Memory Care, the project is funded through an equity investment between the firms.

The joint venture promises a 73,344-square-foot assisted living and memory care facility offering 51assisted living units and 44 memory care units.

The facility will span part of 3.09 acres on the northeast corner of East Broad Street and Matlock Road across from the 168-bed Mansfield Methodist Medical Center.

Designing Rochester Springs was Three Living Architecture, with Dallas-based 12 Oaks Senior Living managing the property.

Construction is set to begin within 30 days, with the facility opening in summer 2015.

Rochester Springs marks 2GR Equity’s second investment in the past year in developing a senior living community in Texas.

“Everyone knows the senior living market is frothy right now; however, success can still be found in a product type like this if you have the right team assembled,” said David Gregory, equity principal and co-founder of 2GR Equity, commenting in a news release.

“We feel we have all of those aspects working for us on this transaction,” Gregory said.

lgraham@bizpress.net

 

 

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