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By Lucy Puniwai | Agent in 76177
  • Luxury town home development set near TCU campus

    Posted Under: Market Conditions in 76109, Home Buying in 76109, In My Neighborhood in 76109  |  August 4, 2011 7:54 AM  |  1,750 views  |  No comments
    Lucy A. Puniwai
    (214)783-6416 – Cell/Text
    (682)224-8050 – Fax

    By Aleshia Howe ahowe@bizpress.net
    Managing Editor

    Two local companies will partner to construct a 30,000-square-foot Class A student housing development near TCU.
    Powers & Curtis will team up with Atlas Properties to build the 12-unit luxury townhome project on the corner of Cantey and Palmer Avenues, across from the TCU campus, named Cantey Town Homes.
    According to an announcement, Powers & Curtis will act as the builder/developer for the development. TCU Cantey Partners LLC, which is controlled by P&C/Atlas, acquired a half acre site across the street from the Smith Entrepreneur Hall at TCU on Aug. 1.
    The acquisition is the second phase of a partially completed condo development that started in 2008. TCU Cantey Partners plans on leasing the entire project to TCU students rather than selling them off as individual condos. 
    The three-story townhomes will include a monthly cleaning service, private garage parking, granite countertops, stainless steel appliances and hardwood floors.
    “The project’s location, amenities, and proximity to local retail will be very popular amongst TCU students” said Chris Powers, principal at Powers & Curtis, in the announcement.
    Atlas Properties purchased and renovated downtown Fort Worth’s Historic Electric Building apartments in 2009.
    Construction is set to begin Aug. 8 with a completion date in March 2012. The project is being financed with a combination of equity and senior debt provided by Mutual of Omaha Bank.
    The townhomes have a website at www.canteytownhomes.com
  • 193 acres in Benbrook,Texas to be developed!

    Posted Under: General Area in Benbrook, Market Conditions in Benbrook, Home Buying in Benbrook  |  July 20, 2011 12:17 AM  |  1,227 views  |  No comments
    Benbrook is about 20 miles west of Fort Worth,Texas. The "urban sprawl" continues and homes are being built in this town that has MANY lakes and trees. Benbrook is attractive and slowly growing but until it booms - it remains - the best kept secret in North Texas!
    I am your local Benbrook real estate expert!

    Lucy A. Puniwai
    (214)783-6416 – Cell/Text
    (682)224-8050 – Fax


    Fresh off a land deal with Fort Worth’s Cassco Land Co., analytics company Buxton has formed a public-private partnership with the city of Benbrook to develop a sprawling 193-acre shopping center in Benbrook.
    Fort Worth-based Buxton will be developer of the project, which will stretch for a mile and a half on Loop 820 frontage road between the Winscott Road and Bryant Irvin exits. The project, called The Trails Town Center, will include 1.5 million square feet of retail, restaurant and entertainment, though no retailers could be announced at this time, said Buxton founder and chairman Tom Buxton at a press conference held today in Benbrook.
    “We are excited to be a partner in this heck of a deal,” Buxton said at the press conference.
    The development is part of the Edwards Ranch land, which is being managed by Cassco Land Co. Buxton has a purchase contract in place with Cassco Land Co., though the project will not be a part of the Edwards Ranch development currently under way in West Fort Worth. Buxton said development plans include breaking ground for infrastructure in late 2012 and opening stores in 2013, though he noted that plan is aggressive.
    “It might be pushed back a little, but we’re going at it with that time frame in mind,” he said.
    Ron Rainey, executive director of the Benbrook Economic Development Corp., said it is likely the city will grant economic incentives as retailers come on board, but no incentives have been offered to date.
    “We have a list of suggestions from Buxton, but those will mainly come from the individual retailers,” he said.
    The city of Benbrook had plans many years ago for a town center on a portion of the land now planned for The Trails Town Center. Rainey said the new development will incorporate that town center into a 30-acre portion.
    “We don’t know exactly what it will entail,” he said. “… The original town center plan included moving city offices and such into the area and that’s something that could happen, but at this stage in the game, there’s still a lot to be determined.”
    Dallas-based Hodges & Associates will serve as the architect for the project. Buxton said retail tenant announcements should come in the following months.
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