Join The Discussion

 

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.

read more >

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.

read more >

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.

read more >

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.

read more >

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.

read more >

Ohio developer bringing senior housing to Fort Worth

Scott Nishimura
snishimura@bizpress.net

An Ohio developer will build a $17.7 million, 124-unit senior affordable housing community in far south Fort Worth near Burleson.
The Miller-Valentine Group of Dayton, Ohio, plans The Reserve at McAlister senior living community on 7.5 acres north of McAlister Road, between Hemphill Street and Interstate 35W.
The company was expecting to close on a loan July 31, a company officer confirmed to the Business Press after a July 24 presentation to the Fort Worth Housing Authority board. The project, which will include 22 rental assistance units, is being facilitated by a package of federal low income housing tax credits plus $2.3 million in Fort Worth Housing Authority funds over 15 years.


Brian Dennison, the housing authority’s vice president of development and asset management, said in an interview that the housing authority has a list of “18,000-plus” people in need of affordable housing. “And the list grows every day,” he said. “All phones ring all day. There’s tremendous need.”
Miller-Valentine executives were not available for a longer interview on the property.
The property will include 112 income-restricted apartments and 12 market-rate units, according to documents the company filed with the housing authority.
The development will include one residential building with one- and two-bedroom apartments, as well as a clubhouse, leasing office and “common amenities,” according to the documents.
Miller-Valentine still must apply to the federal government for the rental assistance units. If the government does not grant them, the housing authority has committed to making a loan to the development instead.
The project will likely open within a year from the close of financing, Dennison said.
 

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?