FORT WORTH, Texas (May 5, 2011) – Trademark Property Company, the Fort Worth-based real estate Services, Investments and Development firm, is relaunching its WestBend mixed-use development in Fort Worth, Texas.
The move comes after strategically halting construction in fall of 2008 to wait for a recovery in the retail market. In the next few months we hope to be in a position to complete the seven-level garage providing 798 parking spaces to serve the existing office buildings and restaurants. Additional new retail construction is slated to begin in mid-2012 with a grand opening projected for late 2013.
The company is also pushing ahead with a renewed leasing effort and will be seeking a hotel developer. Current tenants include Smashburger, Zoe’s Kitchen, Silver Fox and the River Plaza office tenants. Upon completion, WestBend will include 90,000 square feet of retail, 150,000 square feet of office space and 130 hotel rooms.
“We are experiencing extremely strong interest from retailers and believe the market has recovered to a point where the project is a reality,” said Trademark Chairman – CEO Terry Montesi. “We are excited to be back on track with WestBend as there is significant pent-up demand for this part of Fort Worth.”
Since Trademark ceased WestBend construction in 2008, key tenants have moved into the University district including Apple, Anthropologie, lululemon and Brighton, making the area one of Dallas-Fort Worth’s strongest infill retail corridors.
Trademark Property Company is an operator, investor and developer of enclosed regional malls, mixed-use town centers, and specialty, community and power centers. Trademark partners with commercial real estate owners, investors and retailers to unlock the full potential of their investments. Since 1991, Trademark has invested in or developed over 10 million square feet of retail and mixed-use assets worth over $1 billion. Based in Fort Worth, Texas, Trademark’s experienced team currently operates more than five million square feet. For more information, visit www.trademarkproperty.com.