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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Fort Worth minority business receives nationwide grant

Cuevas Distribution Inc., a minority- and woman-owned business in Fort Worth, is one of 20 small businesses nationwide to receive a $150,000 grant from Chase as part of the Mission Main Street program.

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Arlington's Entertainment District moves forward

Arlington is moving closer to developing its Entertainment District north of AT&T Stadium.

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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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