59.9 F
Fort Worth
Wednesday, September 30, 2020
- Advertisements -
Business Six-story hotel headed for Fort Worth’s Museum Place?

Six-story hotel headed for Fort Worth’s Museum Place?

Other News

Petalo, not Charmin: Virus brings Mexican toilet paper to US

By JOSEPH PISANI AP Retail Writer NEW YORK (AP) — Toilet...

Mall owners close to buying JC Penney out of bankruptcy

By ANNE D'INNOCENZIO AP Retail WriterNEW YORK (AP) — Mall owners Simon Property Group and Brookfield Property Partners are close to a...

At Home launches collection with Fort Worth connection

At Home Group Inc. (NYSE: HOME), The Home Décor Superstore, has debuted an exclusive collection with interior...

Former Toys ‘R’ Us reopens as Havertys in Southlake

HAVERTYS (NYSE: HVT and HVT.A) will officially open its new store in Southlake Corners on Friday, August 21, 2020. The 32,300 square...
Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

  Rendering of possible hotel in Museum Place.  Courtesy of BOKA Powell. BOKA is working with TLC Urban on the proposed project.          A. Lee Graham Reporter   A six-story hotel reportedly part of the next Museum Place expansion promises to fill what some developers call a growing need.   “I think it’s overdue,” said Eric Walsh, a principal with HGC Commercial. “We’ve got some of the best museums in the country, and we want people to come visit. You have to have a place for people to stay.”   To that end, TLC Urban LLC of Fort Worth reportedly plans a 156-room facility as part of the next addition for Museum Place, whose 12 acres offer office, retail and residential uses at West Seventh Street and University Drive.   Though Tony Landrum, principal at TLC, was not available for comment, the Fort Worth Star-Telegram named Gatehouse Capital of Dallas as possibly heading up the project, with construction beginning next year.   Several overnight-lodging options have opened nearby in recent years, including Fairfield Inn & Suites by Marriott along University Drive and Hilton Garden Center Fort Worth Medical Center along Forest Park Boulevard just south of Interstate 30, but nothing near the museum district.   The prospect of a new hotel draws no concern from the Dallas executive developing property between the Trinity River and West Seventh Street’s Montgomery Plaza just east of Museum Place and just north of the West Seventh development east of University Drive.   “We’ve got one of the best pieces of property in the state,” said West Miller, principal with Centergy Retail LLC of Dallas, which purchased the 27-plus acres from Chesapeake Land Development Co. LLC earlier this year.   The mixed-use property is focused on hotel, office, retail and residential uses. It stretches from West Seventh Street on the south to Kansas Street on the north, and from the railroad tracks on the west to the river on the east.   Though no hotel has been announced, Miller said that likely will change.   “We’re going to pick and choose,” Miller said of what hotel or hotels could one day appear at the location.   A Fort Worth developer who requested anonymity described a new Museum Place hotel as overdue and needed to serve museum and Fort Worth Stock Show & Rodeo visitors from out of town.   “With the stock show and when they open the [Renzo Piano-designed expansion of the Kimbell Art Museum], you’ll have people from around the world. Now’s a good time [for a new hotel], and people are really anxious,” the developer said.   lgraham@bizpress.net    


- Advertisements -
- Advertisements -

Latest News

What to Know: The Top 100, a new CEO and making electricity

We’ve announced our initial Top 100 Honorees and we’re pleased to also announce plans to honor them...

The Fort Worth Business Press announces Top 100 2020 honorees

  It’s been a year of unprecedented challenges. But to everything there is a season and now is the...

Fort Worth Chamber talks vision, Fortitude in 2020 Annual Meeting

The new CEO of the Fort Worth Chamber of Commerce took the stage Tuesday – both live and virtually – as he...

Delta Hotels by Marriott to open in Southlake in November

Delta Hotels by Marriott announced on Sept. 28 that the official grand opening of the Delta Hotels by Marriott Dallas Southlake is scheduled for mid-November...

Unfriendly skies: Airline workers brace for mass layoffs

By TOM KRISHER and CATHY BUSSEWITZ AP Business Writers DETROIT (AP) — The worries are growing for United Airlines...