News Lockard Online

2 Apr 2014

Cook Children’s Closes on Renaissance Square Site

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.

2 Apr 2014

Renaissance Square Apartment Development Gets Boost

Source: Fort Worth Business Press 

By Scott Nishimura
snishimura@bizpress.net

Renaissance Square Fort Worth TX Aerial with site plan overlay May 2014

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.

28 Mar 2014

Former Smitty’s Building Sold

Source: Cedar Valley Business Monthly

By: Jim Offner

Smitt's

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.”

10 Feb 2014

Cook Children’s plans Renaissance Square clinic

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.

30 Jan 2014

Warehouses Are Red Hot In Commercial Real Estate

By: Mike Wheatley
Source: Realty Biz News

Could warehouses become the next big thing in commercial real estate?  It’s too early to say now, but such properties are becoming increasingly sought after, as more retailers eye up the lucrative world of online shopping.

Unsurprisingly, it’s the major retailers like Amazon that are leading this charge, reports CNBC News. Amazon, along with other online retailers, has kept busy of late buying up dozens of small distribution centers around the country. It’s motivation for doing so is that it can keep its products closer to people’s homes, and have them delivered far sooner, something that should boost the company’s business even more.