Fort Worth Luxury Development Lands Construction Loan
Talos Holdings plans to break ground this month on a new 300-unit luxury community in Fort Worth, Texas. The development is scheduled for completion by the end of 2018.
By Razvan Cimpean
Rendering of The View of Fort Worth
Cushman & Wakefield arranged a construction loan, on behalf of Talos Holdings, for The View of Fort Worth, a 300-unit luxury multifamily property in Fort Worth, Texas. The developer plans to break ground this month and is expected to deliver the asset by late 2018. Talos Holdings is also considering a 200-unit second phase.
Panoramic view of downtown
The new community will sit along the Trinity River, near Interstate 35-W. The View of Fort Worth will feature one-, two- and three-bedroom units. Planned community amenities include a swimming pool, game room, pet park and athletic center. Designed by BGO Architects, the property will offer a panoramic view of downtown Fort Worth. Imagine Design is in charge of interior design, while CBG Building Co. serves as the general contractor and Lincoln Property Co. will provide management services.
Justin Shuart, Jason Pumpelly and Brian Park of Cushman & Wakefield negotiated the construction loan, provided by Endeavor Real Estate Partners. Earlier this month, Cushman & Wakefield also secured a $40 million loan for the construction of The Mosby Cool Springs, a 328-unit luxury apartment community in Franklin, Tenn.
Image courtesy of Cushman & Wakefield
