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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Superintendent candidate withdraws from consideration

And then there were none. The lone Fort Worth ISD Superintendent candidate, Dr. Joel D. Boyd, has informed the Fort Worth ISD Board of Education that he is

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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.
 

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