The federal government has an option to buy 45 acres at the northeast corner of Heritage Trace Parkway and Interstate 35W in north Fort Worth where it wants to relocate the Federal Aviation Administration's Fort Worth operations.
The land is just north of the Alliance Town Center shopping center. Bill Burton, senior vice president for Hillwood Properties, declined to comment on the deal.
The site was revealed during the 2012 Tarrant County Commercial Real Estate Forecast Thursday at the Fort Worth Convention Center this morning.
Tina Jaegerman, public affairs officer for the General Services Administration, which is handling the bidding process for the FAA, also declined to confirm the site.
A spokesman for the FAA was not immediately available for comment. The FAA's Southwest Region office is located at Sylvania Avenue and Meacham Boulevard in Fort Worth.
The GSA is looking for a developer and has begun sifting through about 100 "expressions of interest" from companies that might be interested in building the project. That will be narrowed to about 10 and those companies will be asked to submit more detailed project proposals. A developer should be selected by the fall, Jaegerman said.
According to the GSA, the agency wants to lease a 357,214-square-foot office building. The project will include 1,700 parking spaces, conference center, cafeteria, fitness center and credit union. It will also have a heli-stop.
Jaegerman said the project should break ground in 2013 and be completed by December 2015.
Source: http://www.star-telegram.com
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