Work to begin on $576M Trinity River
Fort Worth Texas Real Estate
Demolition is set to begin by July 1 on the first of several older buildings to make way for the start of the Trinity River Vision, a $576 million flood control and economic development plan that will open 1,800 acres in the center of the city to commercial and park construction. The plan's three elements include restoration of the 600-acre Riverside Oxbow Ecosystem, a 500-acre expansion of the existing Gateway Park and Trinity Uptown, a redevelopment project that will convert 800 acres of aging riverfront industrial land to office, retail, cultural and residential use. Even without the improvements, a significant amount of new development has occurred in the Uptown district. Completed projects include a $200 million headquarters campus for RadioShack; a 20-story office tower built for Pier 1 but recently sold for $104 million to Chesapeake Energy Corp.; and LaGrave Field, home to the Fort Worth Cats baseball team. A new campus for Tarrant County College that will span the new channel is in construction, and work has also begun on Trinity Bluff, a 30-acre mixed-use residential project.
Date: Tuesday, June, 17th 2008 @ 07:10:56 PMViews: 172
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