Local developers team up to build 1.2M square feet of office space in Fort Worth
December 19,2018
See full Dallas Business Journal article by Korri Kezar here.
Dallas developer KDC has formed a joint venture with Fine Line Diversified Development to construct Class A office space on 60 acres in a high-profile Fort Worth development.
Per a news release, KDC and Fort Worth's Fine Line, a division of Bass Companies, are planning the space at Champions Circle, a 500-acre mixed-use development anchored by the Marriott Conference Center Resort Hotel & Golf Club and Tanger Outlet Center.
The acreage is located south of Texas Motor Speedway on the southwest corner of State Highway 114 and Interstate 35. It can accommodate 1.2 million square feet of office space.
“With the benefit of recently expanded major highways connecting Champions Circle to Dallas Fort Worth Airport, downtown Fort Worth and other major regional destinations, the Alliance Corridor has experienced tremendous growth in the last 10 years,” said Bill Boecker, president and CEO of Fine Line, in a prepared statement. “This includes many new businesses surrounded by single and multifamily residential communities served by one of Fort Worth’s top-rated school districts, as well as new retail, restaurant and entertainment options.”
“We have been actively developing Champions Circle’s master plan for 10 years, and the adjacent residential housing market just keeps booming,” he added. “Now is the time to add office, and with KDC’s rich history of office development, we found the right partner to deliver the right product.”
In addition to the Marriott and Tanger Outlets, Champions Circle encompasses the 132-unit Churchill Apartments complex, with another 600-unit property called Gray Dove set to begin construction soon. Wood Partners has also designed and is preparing to build an additional 285 rental units. Once completed, Champions Circle will have more than 1,000 apartments.
It also boasts a Buc-ee’s Travel Center.
“Champions Circle offers what companies are seeking more than ever in the market, a walkable, master planned community, that makes daily life more convenient and exciting for employers and their team members,” Bill Guthrey, KDC’s senior vice president of land ventures, said in the release. “Fort Worth continues to see a high demand for the mixed-use product and all the elements that come with it. We are able to check several site selection boxes with housing options, excellent schools, a hotel with conference facilities, fiber-optic connectivity and a golf course, plus a mix of dining and shopping options right off of two major highways.”