Fort Worth Commercial Real Estate

This week LNR Property Corp. announced their acquisition of 300 acres of land in Fort Worth, Texas. This prime land will be used for Fort Worth commercial real estate development. LNR Property Corp. will build a development entitled The Presidio, which will be used for mixed-use.

Once the project is completed, LNR Property Corp. will have created over one million square feet of premier Fort Worth retail space. The mixed-use property will be home to several retail shops, restaurants, a hotel, fitness center, apartment units and office space.

The project, when completed, will showcase 1,300 luxurious apartment units, a 750,000 square foot hotel and office space, which will be used for medical purposes. The developers, of Fort Worth, are extremely excited to see this project break ground.

Ken Kristofek, who is the senior vice president of LNR Property Corporation, stated that the entire project will cost more than 250 million dollars. This estimate was based on similar completed commercial projects, in the North Texas area.

Fort Worth has been a hub for commercial and residential development for the past few years. In fact, the city of Fort Worth has become a part of the popular and growing Dallas/Fort Worth Metroplex area.

Numerous large and small businesses are looking to expand in the Forth Worth area. This is a terrific time to invest in Fort Worth commercial real estate including office space, ware house space, industrial space and retail space. For more information on available commercial real estate for purchase or lease contact a Fort Worth Realtor.