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Richardson nixes plan for new industrial park

Richardson nixes plan to put industrial buildings on historic Owens Spring Creek farm
Office and warehouse buildings were proposed for part of historic Owens farm.
Crow Holdings proposed building three warehouses with less than half the space now allowed by zoning.(Crow Holdings )
A plan to build on one of the last sections of Richardson’s historic Owens Spring Creek farm got a thumbs down from the City Council.
Developer Crow Holdings wanted to put three industrial buildings on the site at the northeast corner of Plano Road and Lookout Drive, east of U.S. Highway 75.
The almost 27 acres with its old farmhouse and barns dates to the early 1960s, when the Owens family bought the tract of farmland for its sausage business. Part of the property had a sausage manufacturing plant. ....

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GTIS Partners and Hopewell Development LP Announce Closing of Industrial Project in Dallas Fort Worth, Texas

Press release content from PR Newswire. The AP news staff was not involved in its creation.
GTIS Partners and Hopewell Development LP Announce Closing of Industrial Project in Dallas Fort Worth, Texas
January 26, 2021 GMT
NEW YORK, Jan. 26, 2021 /PRNewswire/ GTIS Partners LP (“GTIS”), a real asset investment and development firm headquartered in New York City, with offices in São Paulo, Los Angeles, San Francisco, Atlanta, Paris and Munich, along with Hopewell Development LP (“Hopewell”), a development company based in Calgary, today announced closing on the development of Champions Circle Business Park, a 361k square foot class-A industrial park located in Dallas Fort Worth, Texas. ....

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New York and Canadian property firms team up on North Fort Worth project

New York and Canadian property firms team up on North Fort Worth project
New business park off S.H. 114 will include three buildings.
Calgary-based Hopewell Development is already building warehouses in the Phoenix area.(Hopewell Development )
New York and Canadian developers are teaming up on a new industrial park in North Fort Worth.
Calgary-based Hopewell Development LP and GTIS Partners LP of New York have purchased 21 acres off State Highway 114 on Champions Circle Drive near the AllianceTexas development.
The developers plan to build a 361,000-square-foot, three-building industrial park on the land which is located near the Texas Motor Speedway.
“We have long viewed the industrial/logistics sector in D-FW as attractive and are pleased to have made our entry into the market with an asset like Champions Circle,” David Pahl, Managing Director at GTIS, said in a statement. ....

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