The 33,000-sf Wells Fargo Bank Building will come out of theground at 901 W. Rosedale St. with the first floor fully committedto the financial institution and a full floor of spec space on thesecond level. "But at the end of the day, this will be pureabsorption," Jim Eagle, president of Red Oak Realty LLC in FortWorth, tells GlobeSt.com. Magnolia Green is a 12-acre village witha five- to seven-year build-out plan bounded by Rosedale Street onthe north, Magnolia Avenue on the south, Hemphill Street on theeast and Alston Avenue on the west.

Work got underway on bank's class A building within six monthsof Magnolia Green's first groundbreaking, Texas Cancer Care's51,000-sf diagnostic and therapeutic center. The cancer center willdeliver in February 2005 and the bank will be ready three monthslater. Magnolia Green is laid out as a mix of office, retail andloft-style residential positioned around a one-acre publicpark.

"I'd love to start a third building as soon as demand createsitself," Eagle says. The bank building's excess class A space istagged in the low $20 per sf range, plus electric.The $5.1-millionWells Fargo Building was designed by Weldon Turner of Turner BoazStocker Architecture of Dallas with the Beck Group's North Texasteam as general contractor. Tally & Associates of Dallas is thelandscape architect.