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New Fort Worth Development


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Armour Hotel planned for former meatpacking site in the Historic Stockyards

 

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Three years after buying the property, a Fort Worth Stockyards development group is planning a $21 million, 120-room hotel called the Armour Hotel and has asked the city for an incentive on the project.



The City Council heard terms of a proposed $1 million incentive Tuesday for the project planned off East Exchange Avenue.

Under those terms, the group, Niles City Resort Ltd., would be required to invest a minimum of $21 million by December 2019 to develop a four-star hotel. The hotel would be required to have at least 40 full-time employees on staff a year later.

The hotel’s facade must be masonry and reflect the historical and architectural heritage of the Stockyards, according to the terms.

Philip Murrin said the five-story hotel is the first in a three-phased project at the site. Construction should start in early 2018 and the hotel be open by spring of 2019, he said.

On Tuesday, most of the council expressed support for the project.

 

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  • 2 weeks later...

$1.5 billion residential community coming north of Fort Worth

 

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A $1.5 billion residential community planned between Fort Worth and Denton will bring more than 3,000 new homes.


Hillwood Communities, a Perot company, is building the 1,157-acre Pecan Square project in the Denton County town of Northlake. The mixed-use project on FM407 will have building sites for more than 600 homes in the first phase.

Houses in the development will be priced starting at about $270,000.

Hillwood Communities just purchased the land. The largest portion is a longtime equestrian center, Woodhill Farm. The developer plans to repurpose some of the horse farm buildings.

The area leading up to the stables is lined with hundreds of mature pecan trees, which give the project its name and will be preserved.



"We'll break ground next spring," Balda said. "We think that by the summer of 2019 you'll see it be offered to the marketplace."

 

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High-rise residential tower will overlook downtown Fort Worth, developer says

 

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@DTFortWorth

 

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A 24-story luxury residential condominium tower with scenic views is in the works just blocks from the center of downtown.



Developers say the estimated $100 million project will complement efforts to draw business to the region.

It will feature 115 homes with amenities that includes panoramic views of downtown Fort Worth, the Cultural District, Trinity River and Panther Island.



“There is not a bad view,” said Al Coker, owner of Al Coker & Associates, a Dallas marketing and sales firm specializing in luxury condominiums, who is working on the project.

He added: “Everything is going that way because of Panther Island. ... [It’s] one of the few places where you can see the sun set and the sun rise.”

GDA Architects, a Dallas architectural firm, is working on the design.

The tower will have glass walls and balconies that offer “miles of views,” according to the press release.

Building amenities will also include valet parking, concierge services, owners’ lounges, a fitness center, a saltwater pool, cabanas, an outdoor kitchen, fireplace and spa.

The Worth sales office is expected to open near the site in 2018.

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AC Hotel, a brand popular in Europe, gets key incentive to build in downtown Fort Worth

 

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Fort Worth Business

 

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Construction on the $68.5 million, 16-story AC Hotel on Main Street in downtown Fort Worth will begin mid-2018, the developer said Wednesday after a special taxing district approved a $4.1 million incentive for the project.



For a moment during the Downtown Tax Increment Finance District board meeting, though, it appeared the project might be derailed for lack of support.

At issue was whether public dollars could be used to pay for a transformer that Oncor electric utility requires for the building. In downtown, Oncor requires an electrical vault for the transformer and two back-up transformers in the case of outages.

Of the developer’s $4.1 million request, $3.1 million would be reimbursement for the electrical vault, which is typically built under the sidewalk. The developer will receive the money over 22 months.

The money will come from property taxes generated within a designated area downtown. The money is reinvested in development instead of going into the city’s general fund.

The land has been used as a 32-space parking lot for the past 20 years. It will take two years to build, according to the developer, Dallas-based Jackson-Shaw.



The building will include space for shops and restaurants, meeting rooms and a rooftop patio. The project was approved by the Downtown Design Review Board in November.

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Facebook's Fort Worth data center is getting bigger to make room for all your holiday snaps

 

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Facebook's mega sized data center in North Fort Worth is getting even bigger.

Facebook this week filed building permits to construct two more huge data center halls at its Fort Worth campus. The construction permits for the space totaled more than $365 million in value.

The 150-acre high-tech campus is expected to top out at more than $1 billion in value and is the largest concentration of computing power in the state.

The buildings house acres of computer servers and the equipment needed to keep them powered, cooled and running 24 hours a day.

"It's physically one of the largest we've ever built," Facebook's Tom Furlong said at the May grand opening.

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Mercedes-Benz zooming into bigger future in far north Fort Worth

 

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To accommodate its expanded workforce, Mercedes-Benz Financial Services will move into a new 200,000-square-foot building to be built near its current offices at Alliance in far north Fort Worth.



The state-of-the art building will be built less than a mile north of the 164,000-square-foot building that the business now occupies off Interstate 35W near Westport Parkway.

Construction will begin in early 2018, and the company hopes to move in by early 2019.

BOKA Powell, a Dallas-based design firm, will serve as the design architect for the building and site development. JLL Fort Worth Project and Development Services of Dallas will oversee the project for Mercedes-Benz.

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Tarleton's set to begin construction on first Fort Worth building this month

 

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Tarleton State University is set to break ground on its first building in Fort Worth on Feb. 27. The building is part of a planned 80-acre campus along Chisholm Trail Parkway.



Currently, Tarleton-Fort Worth rents space in the Hickman Building on Camp Bowie Boulevard and in the Richard C. Shaffer Building on Enderly Pace. About 2,000 students are enrolled at the Fort Worth location, but the school hopes to expand to 9,000 students on the new campus by 2030.

The first project is a 76,000 square foot, three-story multipurpose academic building and has a budget of almost $41 million.

 

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  • 4 months later...

Commercial Air Service Arriving at Fort Worth's Meacham Int'l Airport

 

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Meacham

 

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The City of Fort Worth says commercial air service at Meacham International Airport is imminent within the next two years, with Frontier and Allegiant airlines among those interested.

"The airlines would like to start within the next six months, but realistically I'd expect we are a year and a half to two years out. We have a lot of work to do," said William Welstead, director of Fort Worth's Airport System.

Welstead said the biggest challenge facing Meacham is available space and facilities and parking will need to be constructed before service can begin.

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Dallas Stars owner Tom Gaglardi snaps up historic Fort Worth skyscraper

 

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FWArchitecture

 

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Northland Properties - which is headed by Stars' owner Tom Gaglardi - bought the 20-story WT Waggoner Building in downtown Fort Worth from XTO Energy Inc.



Built in 1921, the Chicago-style brick and stone high-rise has almost 120,000 square feet of office space and was renovated in 2003.

New owner Northland Properties develops and operates hotels, restaurants and sports facilities in Canada and the U.S.

The company is expanding its Sandman Hotel Group, Moxie's Grill & Bar and Shark Club Sports Bar & Grill to Texas.

"The historical relevance of the WT Waggoner Building makes this the perfect hotel asset for us," Gaglardi said in a statement. "With the opening of our first hotel in Plano in the next few weeks, we are excited to continue to expand throughout Texas, and we think Fort Worth is a fantastic market for us to grow into."

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A 4-star hotel and a Shake Shack are coming to the Stockyards. And that’s not all.

 

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Hotel Drover, a new 4-star Marriott Autograph boutique hotel, along with an outpost of the popular Shake Shack chain were among the announcements made Thursday by Stockyards Heritage Development Company, a partnership between Majestic Realty Co. and The Hickman Companies.

Hotel Drover, which is being described as “a rustic resort,” will help anchor the redevelopment of Mule Alley that will include “shops, eateries, creative office spaces and live-entertainment venues,” according to the Stockyards developers.



“We would rather take a risk with an inventive tenant than play it safe with a chain that brings little to the table,” said Craig Cavileer, executive vice president of Majestic Realty Co./Stockyards Heritage Development Company. “We’re not looking to overly commercialize the Stockyards, we’re looking to make it even more exciting and broaden its appeal for locals as well as guests from Texas, the U.S. and around the world.”

The project, a public/private partnership with the City of Fort Worth and Tarrant County, just broke ground on the first phase of the $175 million development.

 

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