Selection Process: Given the client's project parameters, several properties were examined in search of a relativley small scale development / redevelopment project. Properties that were considered included, but are not limited to the following: 1) an abandoned warehouse building just to the northwest of downtown Dallas; 2) an abandoned car wash in Dallas; 3) a three-story office building in Hurst;
4) an approximately 5,000 square foot building in East Dallas that was described as "flexible space;" and,
5) the Hogan Building in downtown Fort Worth. Some of the examined properties were "no go properties" from the start because of location, the need for significant up front remediation, or the character ofthe surrounding area.
Property Selected for Feasibility Analysis: Based on its location, other redevelopment projects in the immediate area, the surrounding market's momentum, and perceived flexibility in space utilization, Blue Development, LLC has selected the Hogan Building located at 901 Houston Street in donwtown Fort Worth for a full feasibility analysis. The subject property to be analyzedis pictured below:
No comments:
Post a Comment