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
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Fresh off a land deal with Fort Worthâ€™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.
â€œWe are excited to be a partner in this heck of a deal,â€ 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 FortÂ Worth. Buxton said
development plans include breaking ground for infrastructure in late
2012 and opening stores in 2013, though he noted that plan is
â€œIt might be pushed back a little, but weâ€™re going at it with that time frame in mind,â€ 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.
â€œWe have a list of suggestions from Buxton, but those will mainly come from the individual retailers,â€ 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
â€œWe donâ€™t know exactly what it will entail,â€ he said. â€œâ€¦ The
original town center plan included moving city offices and such into the
area and thatâ€™s something that could happen, but at this stage in the
game, thereâ€™s still a lot to be determined.â€
Dallas-based Hodges & Associates will serve as the architect
for the project. Buxton said retail tenant announcements should come in
the following months.