FORT WORTH-Trademark Property Co., tackling its first mixed-use urban village in its homeport, is on track to break ground by year’s end on a 13.2-acre tract with a five-year history of challenges. The developer’s team is talking to hoteliers and residential builders while an all-out marketing campaign gets under way for the retail component.

The plan for “Midtown” calls for two single-story buildings for 58,030 sf of retail and 9,490 sf of general office space; a five-story, 96,700-sf medical office structure; 150-room, six-story hotel; three-story, 321-space parking garage; and two acres earmarked for residential use. The vacant acreage takes up the northeast corner of Forest Park Boulevard and West Rosedale Street on the western edge of Fort Worth’s Medical District.

Trademark’s partner is Fort Worth South Inc., which has spent five years putting together a redevelopment plan for the city-owned land and overriding municipal-backed suggestions like a fire station or credit union office building. Donald Scott, Fort Worth South’s executive director, tells GlobeSt.com that “there are still some hurdles to jump, but we’re generally optimistic” that the mixed-use plan is in the final stretch for an end-of-the-year groundbreaking.

The Fort Worth South team has focused on the land assembly, securing entitlements and rezoning the site, including getting an asbestos-laden structure torn down three years ago. The mixed-use development went on the drawing board about 18 months ago, with the play hedged as part of a South Side TIF package. If all stays on track, Scott says “it should be up and going in early 2006.”

Nick Ibarra of NAI Stoneleigh Huff Brous McDowell in Fort Worth is steering the retail campaign. “It’s just a matter of moving everything forward,” he says of a push that hit the streets four days ago. Meanwhile, the firm’s Larry Kingsberry is handling talks with hoteliers while the locally based William C. Jennings Co. chases office and medical office tenants. Trademark’s Fremon Baker is overseeing the initiative and leading talks with residential developers.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.