Trammell Crow Co. and joint venture partner USAA Real Estate Co. plan to break ground on a $160 million build-to-suit office project in Fort Worth’s Alliance Park.
To be constructed on a 45-acre tract at the northwest corner of Heritage Parkway and Interstate 35W, the six-story Class A facility will serve as the new Southwest region headquarters of the Federal Aviation Administration, as part of a 20-year lease agreement.
“The Trammell Crow and USAA Real Estate Co. team appreciates the opportunity to collaborate with GSA, FAA and the city of Fort Worth to give rise to a vibrant office environment that celebrates the long and compelling history of the FAA, energizes this section of the city of Fort Worth and the I-35W corridor, and of which we can all be proud for decades to come,” said Tom Finan, a managing director of Trammell Crow Co. in Washington, D.C., in a statement.
Designed by Gensler, the project includes 357,214 square feet of office and support space, which meets both the government’s security and energy-efficiency requirements.
Construction is expected to begin in September 2013, with a completion date set for October 2015. Manhattan Construction Co. will serve as general contractor.
The General Services Administration, which bids out the FAA’s development work, was represented by Nancy Lopez of GSA and Kelly Winn of Studley, according to the Dallas Business Journal.
In other news, the Dallas Business Journal reports that Houston-based Grocers Supply Co. plans to build a $50 million regional distribution hub near Cleveland and Blanco roads in South Dallas.
The company is seeking a 90 percent tax abatement on real property for 10 years, as well as a $1.85 million economic development grant, both subject to city council approval.
If it comes to fruition, the 129-acre project will feature a 740,000-square-foot refrigerated and dry warehouse facility, which could be further expanded to reach 1.2 million square feet. Completion is slated for November 2014.
Rendering of planned FAA Southwest Regional Office courtesy of Trammell Crow Co. via FWBP.