Join The Discussion

 

Ice cancels flights, snarls traffic; snow in North Texas forecast

DALLAS (AP) — More wintry weather was expected across parts of North Texas through Wednesday.

read more >

Riverside: Developer sees revitalization with apartments, townhomes driving commercial projects

A Dallas developer is seeking to rezone more than 18 acres in Fort Worth’s Riverside area overlooking Oakhurst Scenic Drive, the Trinity River and downtown, with plans to build as many as 400 apartments and townhomes aimed at renters who want to live in or near the central city. D

read more >

Dallas developer confirmed to build Walsh Ranch in west Fort Worth

Dallas-based Republic Property Group has been chosen to lead Walsh Ranch development as the 7,200-acre residential community takes shape in west Fort Worth.

read more >

Einstein Bagels closing two Tarrant locations

Einstein Bagels is closing two Tarrant County locations, part of a series of 39 closings around the country, according to the company’s owners, JAB Holding Co.

read more >

Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

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?