Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FORT WORTH-Legacy Capital Co., marking its second year of working the plan, will break ground in mid- to late 2009 on an estimated $60-million hybrid transit-oriented development after selling 11.5 acres of its 100 acres to the Fort Worth Transit Authority. Still to come is a right-of-way land sale to the state, opening the door for Summer Creek Station to be parked on the doorstep of a new toll road and new T line.

The transportation lines will bisect Summer Creek Station, envisioned as a mix of residential, office and roughly 250,000 sf of retail in South Fort Worth. “It’s a challenge to try and design around the Southwest Parkway and new rail,” says Peter M. Aberg, partner in the Dallas-based development company, “but we’re very excited that the T committed to us.”

Aberg tells GlobeSt.com that Legacy’s partners will decide in early 2009 if they will sell sites to other developers or build on their own or joint venture partner to build out the site. In all, Legacy is holding 75 acres of developable land at the future junction of Southwest Parkway, Sycamore School Road and Summer Creek Boulevard. Toll road construction is slated to start in early 2009 and wrap up in 2011.

Legacy plans to deliver Summer Creek’s phase one in 2010, keeping its project marching in step with the parkway’s construction. “We believe that parkway is going to be incredibly significant. We’ve been investing in the area in anticipation of that,” Aberg says.

Aberg says the plan is so preliminary that it’s not yet been decided how large the components will be and which one will be the first to rise. Good Fulton & Farrell Inc. of Dallas has mapped out the site plan and is designing Summer Creek Station, factoring in hike and bike trails as part of the incentive package. Transwestern Dallas principal Steve Williamson and Tyler Sorenson are preleasing the retail component, which calls for a grocery store anchor, restaurants and service retail. If all goes as planned, the acreage, which is about four miles south of Hulen Mall, will have five hard corners to build out.

Because it’s the suburbs pure and simple, Aberg says the design will be a hybrid TOD and definitely not high density. “We are in the suburbs and we need to acknowledge that,” he says.

The Legacy site was the first property to be acquired by the T for the line’s expansion. And Summer Creek Station is the first TOD on the drawing boards for the Southwest-to-Northeast Rail Corridor. With the deal out of the way, Aberg says “now we’re really going to start rolling up our sleeves.”

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.