SP Partners and Transwestern Development are plowing ahead with the first phase of a mixed-use development that could include hundreds of apartments and retail next to the Trinity River in Fort Worth. The group recently closed on a 10.2-acre site along Old University Drive and Merrimac Circle.
The first phase of the development will cost roughly $170 million. The company expects to break ground later this fall.
The development site is just north of Trademark Property Co.’s mixed-use Westbend development. Westbend is expanding with 321 new apartments and 4,500 square feet of retail.
As a specialized firm within the advisory sector, SP Partners deliver strategic guidance to our clients, navigating them through complex business landscapes and empowering them to make informed decisions that drive success and growth.
Transwestern Development Company is comprised of experts in every facet of development, from market analysis and site selection to capital markets, design, construction, leasing and management. The firm’s senior managers average over 25 years of experience, providing strategic oversight and financial management in addition to direct participation in various project stages. A dedicated capital markets team includes equity and debt specialists. Regional development teams provide local expertise from market leaders, project managers, construction managers and analysts.
