Join The Discussion

 

Bridge collapse on I-35 north of Austin

SALADO, Texas (AP) — Emergency crews are responding to a reported bridge collapse along an interstate in Central Texas.

read more >

Amazon begins Prime Now program in Dallas area

If you just have to have it now, as in one hour, you can, at least in the Dallas area, as Amazon.com Inc. announced Thursday it will offer Prime Now.

read more >

Monty Bennett: Businessman, water district activist

Monty Bennett’s name will not appear on the ballot for the Tarrant Regional Water District board of directors yet he remains a powerful backstage player whose influence could shape the direction of the district’s business for years to come.

read more >

Price appeal: Condos going up on Near Southside

Chris Brassard and Omar Diaz had apartments in mind when they built a 12-unit complex on May Street just south of West Magnolia Avenue on Fort Worth’s Near Southside. Then their leasing agent, Will Northern of Northern Realty Group, suggested they consider selling the units as condominiums.

read more >

Texas jobless rate falls as employers add workers

Texas unemployment fell to 4.3 percent during February for the sixth straight month of declines, the Texas Workforce Commission reported Friday.

read more >

 

Trinity Terrace to build 23-story River Tower

Trinity Terrace rendering. 

By Scott Nishimura
snishimura@bizpress.net

Trinity Terrace, the Fort Worth retirement community that overlooks the Trinity River downtown, plans to launch construction in November on a 23-story River Tower, Trinity Terrace said Friday.

It will be Trinity Terrace’s second major expansion since 2009, when it built the City Tower to go with the Terrace Tower, which opened 31 years ago. Construction will take about two years, Rene Beauchamp, Trinity Terrace’s residential services director, said in an interview.

The new tower, which will front 10th Street on the north side of the property, will have independent living apartments and penthouses, assisted living apartments, a memory care wing, and a 14th floor restaurant with an a la carte menu. The new tower will include extensions of the Terrace Tower’s hospital and assisted living floors.

The tower will have 79 independent living apartments ranging in size between 1,450 square feet and 3,300 square feet, 12 penthouses on three levels, 17 assisted living apartments, and four "brownstones" at street level on Fournier Street facing west. The 79 independent living apartments are "70 percent full,” Beauchamp said.

"We're way ahead of schedule," Beauchamp said. Trinity Terrace needed 30 percent pre-leasing to secure loans, and its goal was 50 percent before groundbreaking, she said.

Space, Trinity Terrace's hotel-like amenities, and continuum of care are strong appeals, Beauchamp said. Couples, for example, don't have to worry about travelling to see an ill spouse, she said.

"If you need those services, they are there," she said.

Manhattan Construction, which built the Texas Rangers’ Globe Life Park in Arlington, the Pier 1 headquarters in downtown Fort Worth, and Southwestern Baptist Theological Seminary Student Housing, will be the contractor, Trinity Terrace said.

The current Terrace Tower hospital floor has 46 beds. The expanded floor will feature all-private rooms and 17 more beds.

Trinity Terrace is converting all of its current hospital floor beds from semi-private rooms to private.

Trinity Terrace has one main dining room that is served largely by a buffet, and a game room that is being converted to a bistro. It also offers a private dining room on its assisted living floor, and food service to the hospital wing.

The complex’s Terrace and City towers have 280 apartments and 330-340 residents. Entrance fees and monthly charges vary by apartment size, lease flexibility and the number of people living in the unit.

Trinity Terrace declined to disclose what it's paying to build the new tower.

< back

Email   email
hide
Catch
How 'bout them Cowboys?