Fort Worth, Texas -- Trademark Property Co. said it 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. The first order of business will be the completion of 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 sq. ft. of retail, 150,000 sq. ft. 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 and 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.”