Fort Worth’s WestBend development is about to grow 3.5 acres bigger after Trademark Property Co. confirmed plans to purchase that much more property adjacent to the 278,000-square-foot mixed-use development.
The parcel is located on University Drive just south of WestBend, along the Trinity River.
“We believe this is one of the best pieces of land in Fort Worth with incredible visibility and frontage on both University Drive and the Trinity Trails. This acquisition will allow us to expand our retail footprint and improve accessibility,” said Edward Manuel, senior vice president of development, Trademark Property Co., commenting in a news release.
Conceptual planning is underway to develop additional mixed-use space featuring ground floor retail with either a signature hotel or multi-family and condo units above, Trademark said. Currently, the site is occupied by a Hawthorne Suites hotel.
“We are redeveloping WestBend with the vision of becoming the go-to 21st century retail/mixed-use development in Fort Worth,” said Terry Montesi, CEO of the Fort Worth-based developer.
The acquisition is expected to give Trademark more than 1,150 feet of frontage on both University Drive and the Trinity Trails and will allow the firm to add a new traffic light and additional retail space.
“We also plan to incorporate a high-quality hotel, multi-family, condos, or a combination of the three to our existing development. This is truly world class real estate,” Montesi said.
The newly announced expansion follows more WestBend news as Tyler’s confirms its first Fort Worth location at the property. It’s set to open in early March.
Meanwhile, construction is underway on Drybar, set to open in spring 2016, and HG Sply Co., opening in summer 2016, along with a 5,000-square-foot patio along the Trinity River and Trinity Trails.
Other newly opened WestBend tenants include CorePower Yoga, Pax & Parker, and Woodhouse Day Spa. They join existing tenants The Fresh Market, Zoë’s Kitchen, East Hampton Sandwich Co., and Silver Fox.
Meanwhile, Trademark has completed WestBend 2, a new 81,150-square-foot building that includes The Fresh Market on the ground floor and 57,000 square feet of new Class A office space directly above, overlooking the Trinity River. In total, WestBend includes 278,000 square feet of retail, dining and office space, including the existing River Plaza office building.
More information is available at www.westbendfw.com.