In the Works
Leading Edge Aviation Services’ new plant at Fort Worth Meacham Airport is gearing up to handle all of the painting on new 787 Dreamliner airplanes. The aircraft will be built by Boeing at its South Carolina factory. Star-Telegram, January 22, 2012
Bell Helicopter has announced it will soon unveil its new commercial helicopter, known until now as the Magellan project. The new project will officially be called the Bell 525 Relentless. The helicopter will be officially unveiled at the helicopter industry trade show in February. Star-Telegram, January 27, 2012
Village Homes, based in Fort Worth, has started construction on the first phase of Museum West Townhomes. The project is a 12-unit project on Tulsa Way, one block south of Camp Bowie Boulevard in the city’s Cultural District. Star-Telegram, January 2, 2012
Costa Azul, located at 1521 N. Main Street, is gradually being turned into a replica of the popular Sundance Square saloon and burger joint Billy Miner’s. The newly renovated restaurant will change its name to Billy Miner’s Stockyards. Construction is expected to be completed by April or sooner. Star-Telegram, January 12, 2012
Mercantile Center is set to expand by two buildings in 2012. Mercantile Partners LP will break ground later this month on the two office/warehouse buildings at Mercantile Center. Each building will be 94,000 square feet. Fort Worth Business Press, January 13, 2012
Lockheed Martin, based in Fort Worth, has been invited by the government of South Korea to submit proposals for a next generation fighter jet. Lockheed Martin was invited along with Boeing and EADS to submit proposals for the contract. Among the planes likely to be in contention for the bid is Lockheed’s F-35 Lightning II. Dallas Business Journal, January 30, 2012
Hillwood Properties announced its plans to expand its Hillwood Multifamily subsidiary. The company plans to initially concentrate on delivering more than 3,000 units of multifamily product over the next 10 years within its 17,000-acre AllianceTexas master-planned development. Fort Worth Business Press, January 31, 2012
The 8.0 Restaurant & Bar will close February 24 and make way for a new, larger Flying Saucer Draught Emporium. The Flying Saucer will move in April and another restaurant will replace the Flying Saucer’s current location in the historic Land Title building. Star-Telegram, January 31, 2012
Expansions and Moves
Pop’s Burgers & Grill on Benbrook Highway is moving into the old Hot Tub’s Back Porch Grotto at 4413 Trail Lake Drive. Star-Telegram, January 10, 2012
Multatech, an architectural and engineering firm, has expanded its office space by 3,929 square feet, bringing its total office space to 17,132 in the West 7th office building. Star-Telegram, January 23, 2012
On the Dotted Line
Tugg Hill Real Estate Partners, based in Fort Worth, has joined Albanese Cormier Holdings in Beaumont to buy the Edison Plaza office tower in Beaumont’s central business district. Star-Telegram, January 2, 2012
Slack and Davis LLP signed a new lease at 100 Lexington in Fort Worth for 3,521 square feet of space. Fort Worth Business Press, January 13, 2012
Ovation Graphics LLC, based in Fort Worth, has purchased all of the business assets of Branch-Smith Printing Ltd. Under the terms of the purchase, Branch-Smith will retain the name that it has held for 102 years. Fort Worth Business Press, January 5, 2012
Conti Warehouses, a Fort Worth commercial real estate investor has bought the vacant former Target at 2600 West Cherry Lane in west Fort Worth and will redevelop the building for multitenant use. Star-Telegram, January 10, 2012
The Londoner restaurant and pub has signed a lease on 6,080 square feet in The Vue at 3201 S. University in Fort Worth. The site is the first location in Fort Worth and will be the fifth location in the Dallas-Fort Worth metroplex. The restaurant, slated to open in the summer of 2012 will occupy the entire retail space below the student housing unit. Fort Worth Business Press, January 19, 2012
Clothing retailer Urban Outfitters has signed a lease on 10,255 square feet of retail space at 2735-2737 West 7th Street in Fort Worth on the corner of Foch and West 7th. The store aims to be open before Christmas 2012. Fort Worth Business Press, January 19, 2012
Equify Financial has leased 4,490 square feet in the Heritage Commons I office building in Alliance. Star-Telegram, January 23, 2012
Novaria Group, based in Fort Worth, has acquired Fitz Manufacturing Industries, a supplier of precision aerospace components based in North Richland Hills. As part of the acquisition, Fitz Manufacturing will be renamed Fitz Aerospace. Fort Worth Business Press, January 25, 2012
Del Taco has announced that it has signed a three-unit development deal with DT Restaurants of Texas in Fort Worth. Fort Worth Business Press, January 26, 2012
Openings
Woodshed restaurant is opening just off Fort Worth’s bike/jogging path near the zoo. The restaurant will feature barbequed meats from around the world and 25 craft and imported beers as well as two wines on tap. Star-Telegram, January 5, 2012
Jersey Mike’s opened a location at 14113 Trinity Blvd. The restaurant opened with a five-day fundraiser where coupon holders could get a free regular sub sandwich for a minimum $1 contribution. The company distributed an estimated 10 thousand coupons throughout the community prior to the restaurant’s opening. Fort Worth Business Press, January 17, 2012
Z’s Café, a family-owned and operated eatery and catering company in Fort Worth, hosted a grand opening of its second location at 1116 Pennsylvania Avenue on January 27 and 28. Complimentary food and drink were served. Fort Worth Business Press, January 27, 2012
Around Town
Pier 1 Imports Inc reported sales were up during the 2011 holiday season by 11.3% compared to 2010’s sales increase of 10.3%. Holiday sales have collectively increased more than 30% over the past three years, the company said. Fort Worth Business Press, January 5, 2012
DR Horton Inc, based in Fort Worth, has posted a double-digit jump in revenue for its first fiscal quarter. The company reported an increase in both closings and orders. Fort Worth Business Press, January 27, 2012
Out of Town Reporting
Bell Helicopter, based in Fort Worth, is being awarded a $20,359,785 modification to a previously awarded firm-fixed-price contract for logistics products and services in support of the H-1 helicopter upgrade program. Vertical Magazine, January 4, 2012
Bell Helicopter is in negotiations with the Turkish National Police over the possible purchase of 15 of the company’s Bell 429 helicopter. UPI, January 9, 2012
Bell Boeing Joint Project Office has been awarded a $7,283,403 modification to a previously awarded fixed-price-incentive-fee V-22 multi-year production contract. Work on the project will be conducted in Philadelphia, Fort Worth, and Amarillo. Work is expected to be completed in October 2014. Southern Maryland Online, January 21, 2012
Lockheed Martin, Fort Worth, is being awarded a $7,024,566 firm-fixed-price contract for instillation of a commercial sensor and associated hardware to measure the oxygen concentration and pressure within the oxygen system. The result will be a real time display of oxygen concentration and a warning if oxygen partial pressure drops below a threshold value. The partial pressure of oxygen and hose pressure will also be data logged for use in post flight investigations. Defence Professionals, January 23, 2012
TPG Capital, based in Fort Worth, is under contract to purchase 12 million square feet of developed office and industrial properties in Florida from Flager development. South Florida Business Journal, January 27, 2012