Join The Discussion

 

Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

read more >

RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

read more >

Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

read more >

Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

read more >

Weatherford's Wild Mushroom to open in Fort Worth's Ridglea Village

Weatherford restaurant staple The Wild Mushroom Steak House & Lounge will be coming to Fort Worth in November, moving into the former site of Ray’s Steakhouse at to 3206 Winthrop Ave. in the Ridglea Village Shopping Center.

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
Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?