20 replies to this topic

[elpingüino]

A general thread to discuss the various industrial park projects happening in and around Ft. Worth.

To start, here is news about the Northwest Commerce Park, next to Texas Motor Speedway. 1.1 million square feet in three buildings on 66 acres, due to open in December.

https://www.virtualb...-commerce-park/

https://rebusinesson...-in-fort-worth/

[elpingüino]

Huge South Fort Worth business park is coming with three buildings
https://www.dallasne...hree-buildings/

A 130-acre industrial park with more than 2 million square feet of buildings, at the northwest corner of I-35W and 1187.

[Doohickie]

“South Fort Worth has a labor force that is only rivaled by Forney-Terrell, so this project fills a void that is needed in the submarket.”

 

Try as I may, I just can't unpack that statement.  What does that even mean?

[NThomas]

“South Fort Worth has a labor force that is only rivaled by Forney-Terrell, so this project fills a void that is needed in the submarket.”

 

Try as I may, I just can't unpack that statement.  What does that even mean?

There's a large pocket of warehouse labor in south Tarrant County that is commuting out of the area for work in those same positions.

 

The labor market is very tight, with lots of tenants looking for labor more than available space (which is also tight). Those tenants will be able to be supported with the existing labor pool vs. having to search outside of the area or compete with neighbors for the same set of workers.

 

It's a conversation that user of spaces like this project will have in addition to other economic fundamentals (lease rate, term, ingress/egress from the site, proximity to rail/freeways, etc.).

[elpingüino]

The Oatly beverage company is developing a
280,000 sqft production facility on Oak Grove Road in south Fort Worth. The City Council approved an economic development package of five annual grants totaling $1.09 million. It will have at least 50 full-time jobs with salaries $45K or higher.
https://www.bizjourn...brand-eyes.html

[JBB]

The post about the new speculative warehouse project near Alliance stirred up something I wanted to note here.  The amount of warehouse construction south of 820 and west of 35W that's happening right now is absolutely staggering.  I went to my parent's house in Everman last weekend and I exited 35 at Alta Mesa.  I meandered through the maze of detours because of the road construction on the side streets in that area.  There are new warehouses going up on both sides of Will Rogers around Alta Mesa, Joel East, and Everman Pkwy.  That's on top of new ones along 35 to the south of Everman Pkwy.  

[John T Roberts]

It's crazy, isn't it?

[elpingüino]

Florida logistics firm plans huge shipping hub in South Fort Worth

The lease takes up an entire new 860,000-sqft project on I-35W.

[Volare]

There are a couple of huge warehouses going up east of 35W and south of 820N, along Sylvania. I hadn't been up there for a while, but they are well underway. Huge formerly abandoned industrial areas that had old railroad tracks thru them but nothing else. 

[elpingüino]

Trammell Crow is planning to break ground soon on a huge new industrial park in far north Fort Worth. The more 2M+ sqft speculative distribution and warehouse project will include five buildings near Alliance Airport.

https://www.dmagazin...rial-portfolio/

[elpingüino]

2.185M more SQFT in Alliance posted to TDLR:
 
Project Name: Alliance Center North Building 8
https://www.tdlr.tex.../TABS2022008370
 
Project Name: Alliance Center North Building 9
https://www.tdlr.tex.../TABS2022008371
 
Project Name: 35 Eagle Building 1
https://www.tdlr.tex.../TABS2022008167

More from the Morning News about the DHL development, one of the largest industrial buildings planned in the area Global supply chain firm plans huge Fort Worth building

[elpingüino]

Construction starts in early 2022, opening late in the year. Across DFW there's 30M sqft under construction.

[elpingüino]

Green Bay Packaging is building a 600,000 sqft "super plant" in the 46 Ranch industrial park south of I-20 and east of 35, the Dallas Morning News reports
https://www.dallasne...-in-fort-worth/

[NThomas]

Zoning Change request filed for a 150' tall cold storage facility: https://newcold.com/
OMG, 150' tall...that's about 15-stories.  My guess is this is going either far north or far south of town, maybe north Burleson.  I didn't see an address yet.
 
https://aca-prod.acc...ShowInspection=
 
I'm guessing it will look something like this:

It'll be in/adjacent to Carter Park here:

2100 Joel East Rd: https://maps.app.goo...WidnBYtmc52PTT6

That area of south Fort Worth is the largest concentration of food distribution/production facilities in North Texas (and continues to grow), even with the sprawling population growth moving more towards the north.

[Doohickie]

What's being built north of I-20 between Winscott and the Audi dealership?  Something with massive concrete walls... it is a warehouse project?

[John T Roberts]

I believe it is a warehouse project.

[Doohickie]

Has there been any reporting on the forum about it?  I couldn't find any.

 

Anyway, it's gonna be a hella big warehouse.

[elpingüino]

Dallas Business Journal has details:



Massive industrial park inbound for Benbrook

Originally posted in the Trails Town Center thread because the other half of the project is on the south side of 20.

[Doohickie]

 

Dallas Business Journal has details:



Massive industrial park inbound for Benbrook

Originally posted in the Trails Town Center thread because the other half of the project is on the south side of 20.

 

OTHER half? 

[elpingüino]

Two developers plan 10 more Fort Worth warehouses

Five at E. Rendon Crowley Road and Wing Way Road near Interstate 35W, and five at I-35W and Risinger.

[txbornviking]

 

https://www.tdlr.tex.../TABS2024014348

 

PROJECT

Project Name: Fossil creek Expansion

Project Number: TABS2024014348

Facility Name: Fossil Creek

Location Address: 3400 fossil Creek Blvd.

Fort Worth, TX 76137

Location County: Tarrant

Start Date: 2/14/2024

Completion Date: 7/1/2026

Estimated Cost: $70,000,000

Type of Work: Additions to Existing Building

Type of Funds: This project is privately funded, on private land for private use.

Scope of Work: 170,000 SF of Industrial warehouse (including a 2400SF warehouse office) and 35,000 SF of new Industrial Beverage Manufacturing space. Additional parking for trailers, trucks and cars.

Square Footage: 170,000 ft 2

 

 

$70M/170ksqft, I never would have imagined a warehouse to be $400+/swft. I assume this includes the fancy conveyer belts etc inside moving things around, but still, WOW