Lockard has finalized the sale of a 5.34 acre parcel of land located in our Teasley Town Square shopping center to Wal-Mart Stores, Inc. (Walmart). The new Walmart Neighborhood Market, which is less than one-quarter the size of an average Walmart Supercenter, will be located at the southwest corner of Teasley Lane (F.M. 2181) and Ryan Road in Denton, TX.
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Source: Fort Worth Business Press
By Scott Nishimura
snishimura@bizpress.net
Cook Children’s has closed on a 1.3-acre site in the fast-growing Renaissance Square development in southeast Fort Worth, and is beginning construction this month on a 12,000-square-foot medical, dental and behavioral clinic, the hospital said Wednesday.
Kristin Peaks, spokeswoman for Cook Children’s, said the clinic expects to see its first patients “on or before” Sept. 30.
The addition of the clinic is viewed as an important addition to the long-underserved area’s health care offerings.
The $7 million facility, at the southeast corner of East Berry Street and Mitchell Boulevard, will be Cook’s sixth clinic, but the first to combine medical, dental and behavioral health. The Morris Foundation of Fort Worth made the lead gift to open the clinic.
Source: Fort Worth Business Press
By Scott Nishimura
snishimura@bizpress.net
The Fort Worth Housing Finance Corp. on Tuesday approved a $1.3 million, five-year loan to aid the development of a 140-unit apartment community at the Renaissance Square development in southeast Fort Worth.
The board – the full Fort Worth City Council – voted unanimously, after a motion by member Kelly Allen Gray, whose council district includes Renaissance Square.
The city staff recommended approval of the loan, which carries an interest rate of the lower of 1 percent of an applicable federal rate. The loan is
subordinate only to the overall permanent financing for the project, Jay Chapa, HFC’s assistant general manager, told the board.
Development cost for the project, to be developed by Columbia Residential of Atlanta, is estimated at $20 million, Chapa said.
Source: Cedar Valley Business Monthly
By: Jim Offner
CEDAR FALLS | The former Smitty’s Tire & Appliance building in Cedar Falls, at 6912 University Ave., has been sold.
Cedar Falls-based Financial Architects, headed by Curt Patterson and Todd Thomas, closed on the purchase of the building Friday morning, according to Dustin Whitehead, director of sales and leasing/Midwest, for Cedar Falls-based Lockard Cos., which listed the property.
The purchase price was $900,000, Whitehead said.
Patterson was out of the office Friday and could not be reached for comment. Thomas did not immediately return a phone call for comment.
Smitty’s, which had operated on the property for more th
an 60 years, closed at the end of 2013.
Max Boren, who still operates a Smitty’s store in Manchester as a separate business entity, was the seller.
Boren recently auctioned off fixtures and other equipment inside the building, Whitehead said.
Whitehead said he was not privy to the details of the buyers’ plans for the property, but he did say, “I think what they’re going to do to that property will enhance that corner.”
by: Scott Nishimura
snishimura@bizpress.net
source: Fort Worth Business Press
Cook Children’s has agreed to build a 12,000-square-foot medical and dental clinic in the Renaissance Square development in Southeast Fort Worth, an important addition to the long-underserved area’s health care offerings.
The planned $7 million facility, to be at the southeast corner of East Berry Street and Mitchell Boulevard, will be Cook’s sixth clinic, but the first to combine medical, dental and behavioral health, Larry Tubb, Sr., a Cook Children’s Health Care System vice president, said.
The goal: “Allowing families to access all of these (services) in one location and providing a more holistic approach to improving the health of children,” Tubb said.
Cook’s entry follows on the developers’ aggressive push to secure the YMCA Fort Worth, which wants to consolidate its two Southeast branches into a newly built one in Renaissance.