Bob in Business: High Rise is in downtown Fort Worth. Are more on the way?

The Deco 969 high-rise at 969 Commerce St. recently held topping-out ceremonies and is preparing to welcome the first residents of the 27-story, 302-unit building early next year.

And more may be on the way. Nashville-based Southland Co., the company behind Deco 969, says downtown Fort Worth is very attractive for residential development right now.

“We love the opportunity to bring another luxury living option to the core of downtown, even though we haven’t found the right location to pursue another development — yet,” said Britt Stafford, the company’s communications coordinator.

Stafford said developments such as Texas A&M’s expansion in Fort Worth are creating a strong demand for quality downtown housing options. The company is seeing growing demand from prospective residents for its Deco 969 project.

According to Downtown Fort Worth Inc., by the end of 2022, there were 3,679 downtown apartments either under construction or in various planning stages. There are also 205 senior living spaces at 1400 Henderson St. for the Public Market building.

Other projects are also taking shape.

Last year at 307 W. Bluelofts Inc., the Dallas group that bought the 7th St. Oil & Gas building, recently closed on the nearby Star-Telegram building.

BlueLoft, which specializes in adapting historic properties, plans to use both state and federal historic tax credits for the buildings.

When Bluelofts announced plans for the oil and gas building, officials there said it planned 180 floors of retail apartments. The group plans to make similar changes to the 19-story Star Telegram building. Both buildings will have the same leasing office and management.

Also expected to be apartments is the 16-story former Oncor building at 115 W. 7th St. was purchased by 3L Real Estate of Chicago, and plans call for a redevelopment of the building with about 330 apartments.

The distillery’s new brand is said to be ‘Where the West Begins’

For Trinity River Distillery, Silver Star is a new version of vodka, whiskey, Texas honey liqueur and bourbon.

Trinity River Distillery is located in the historic Ranch Style Beans Plant at 1734 E. El Paso St. in Fort Worth. The new branding ties to key elements of the company’s stormwater certification process and focuses on its ties to Texas and Fort Worth.

All Silver Star crops and ingredients (from Texas Rainforest to Texas Grains and North Texas Wildflower Honey) as well as bottling and labeling are done in Fort Worth.

“Silver Star is where the West begins, and the new brand highlights that,” said Thomas Ingham, president and CEO of Trinity River Distillery.

Vicarel Studio out of Denver did the design work.

Westcliff Shopping Center adds new tenants

LanCarte business A total of 19,745 square feet announced the completion of several leases Westcliff Mall Southwest Fort Worth.

The new tenants include Cowtownwho runs the Cowtown Marathon; Specialist jewelry clinicCustom Jewelry Retailer; Fort Worth Dance AcademyWhose focus is on dance and dance classes, and Organized NestIt provides professional home organization services.

Ben Gehrke And Riley dau On behalf of Lancarte Business Owner, CTO Realty Growth Inc., A publicly traded real estate investment trust that owns and operates a portfolio of retail-based properties.

Real estate deals

Livestill at 3601 Bell Dr. in 5,900 square feet of flexible space for rent. Certified business parkHurst, from Euless Industrial LLC. Jason Finch, first vice president of Bradford Commercial Real Estate Services, and Michael W. Spain, executive vice president and managing partner, represented the landlord. Avison Young represented the Dallas tenant in the Camden transaction.

Sweet and Sassy Franchising LLC Leased 4,000 square feet of flexible space at 10728 S. Pipeline Road Certified business parkHurst, from Euless Industrial LLC. Jason Finch, first vice president of Bradford Commercial Real Estate Services, and Michael W. Spain, executive vice president and managing partner, represented the landlord. RMR Enterprises Inc. Ruben Reynoso represented the tenant.

Home Trendsetters LLC 1,500 square feet of flex space leased. Section road industry, 2800 W Section St., Arlington, to 2800 W Section LLC. Jason Finch, First Vice President of Bradford Commercial Real Estate Services; Michael W. Spain, Executive Vice President and Managing Partner; and Chris Kennedy, Broker Associate, on behalf of the landlord. Chris Bly of Capstone Commercial Real Estate Group represented the tenant.

Green landscaping 900 square feet of warehouse space for lease at 410-420 Lilliard Road, Arlington Sterling Storage Limited Chris Kennedy, Bradford Broker Associate

Commercial Real Estate Services, represented the tenant. Road Real Jackson Berling

Represents the owner.

Dameion Lorenzo Beauty and Wellness LLC Leased 726 square feet of office space at Arlington Downs Tower, 2225 E. Randol Mill Road, Arlington. Arlington Downs Tower LLC. Eric Blais, senior vice president of Bradford Commercial Real Estate Services, and Richmond Collinsworth, senior vice president and managing partner, represented the landlord. Tina Dixon from Henderson Realty Group LLC represented the tenant.

PQ Jewelers LLC 434 square feet of space inside Arlington Downs Tower, 2225 E Randall Mill Road, Arlington. Eric Blaise, Senior Vice President of Bradford Commercial Real Estate Services and Richmond Collinsworth, Senior Vice President and Managing Partner;

He represented the landlord, Arlington Downs Towers LLC, in the direct deal.

Sold

Magma Equities and the global real estate fund managed by Macquarie Asset Management have acquired Bardin Green, a 285-unit garden-style multifamily property in Arlington, from Moody National Companies in an off-market transaction. The purchase of Bardin Green increases Magma Co.’s multifamily holdings in the Dallas-Fort Worth area to nearly 4,000 units.

Got something for the Bob on Business column? Email Bob Francis bob.francis@fortworthreport.org

Bob Francis is business editor of The Fort Worth Report. Find him at bob.francis@fortworthreport.org.

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