Search Listings

Fort Worth is Getting a New Walmart

Walmart Supercenter


North Fort Worth is gaining a Wal-Mart near Keller, which will arrive in 2016. Keller has been booming in business and new roads so this is another great addition to this area. The proposal made in February and approved in March will add a 182,000 square-foot Wal-Mart SuperCenter as well as a four lane road.

New Road

Due to the new store, Wal-Mart is funding and constructing a four lane road for Park Vista Boulevard, starting at Ray White Road up to Keller Hicks Road. This will help traffic get through the residential areas and make it more convenient for area drivers.  Councilman Dennis Shingleton believes it will be better for the city and the road will help with safety.

Wal-Mart SuperCenter

The Wal-Mart will be placed at the corner of Park Vista Boulevard and Golden Triangle Boulevard. It will include 182,000 square feet of store and 20,000 square feet of a pad site. The store and pad site were agreed to be completed by June 30th of 2016.

Wal-Mart agreed to make a good faith effort to spend 25% of construction costs with women-owned businesses or Fort Worth minority businesses. The store also agreed to hire at least 50 employees during the term of the agreement.

In exchange, the city agreed to make an annual economic development program known as Chapter 380 that was authorized by state law. This grants the store 75% of the 1-cent sales tax gain of the city, plus incremental tax gain of real estate property attributed to the new center. This is good up to $12 million.

If Wal-Mart fails to invest $13 million by 2016 and another $3 million by June 30, 2019, doesn’t complete the project or doesn’t build the road, the city can terminate the agreement.

Wal-Mart SuperCenter will be a great way to give residents another place to shop in a great location, along with the addition of new jobs to the area.

Post a Comment

From Our Blog

Posts By Category

All Categories Agent Testimonials (31) Arlington Real Estate Market (1) Collin County Real Estate (4) Condo's Dallas- Fort Worth (1) Dallas Real Estate (224) Denton Real Estate (112) Fort Worth Homes for Sale (3) Fort Worth Real Estate (3) Fort Worth Real Estate (58) Frisco TX Homes for Sale (14) Industry News (6) Info Articles (75) Keller TX Homes for Sale (7) Main (292) Mansfield TX Homes for Sale (9) McKinney TX Homes for Sale (9) Previous Publications (1)

Posts By Month

Tag Cloud

Grab Our RSS Feed