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Kacie Kell

Detours beginning for Panther Island project

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From Fort Worth Business Press by Scott Nishimura

Beginning later this month, construction crews will detour traffic north of downtown in preparation for launching construction on three new bridges that are key pieces of the controversial Panther Island project. During the third week of August, crews will detour traffic on White Settlement Road and Henderson Street, Mark Rauscher, Fort Worth’s senior capital programs manager, said. And later this fall or in early winter, crews will detour traffic on North Main Street. The Henderson and White Settlement bridges will cross a planned bypass channel, to be dug after the bridges are completed, and railroad tracks. The North Main bridges will cross the channel. The bridges are scheduled to be completed in 2017 and 2018. The Henderson detour will be a temporary, parallel road segment between White Settlement Road and west of North Rupert Street. Westbound traffic on White Settlement Road coming from Henderson will be detoured north on North Commercial Street back to Henderson. White Settlement Road between Commercial and west of Rupert will be closed for the bridge construction. The North Main detour will be a temporary, parallel road segment between LaGrave Field and east of Northside Drive. The detours will cost about $2 million, with the city carrying most of that expense, and the state picking up a small portion, Rauscher said.


The detours are designed to have minimal impact on businesses in the area, Rauscher said. North University Drive and Carroll Street running north from West Seventh Street will be the primary ways to get to businesses on White Settlement east of University. Texas Sterling won the $65.5 million contract to build the bridges, to be paid for by city, state, and federal money. The bridges are part of the massive $900 million-plus Panther Island flood control and economic development project. Critics worry there won’t be enough available federal money to build the bypass channel once the bridges are built. Officials say it will cost much less and be much easier to build the bridges before the bypass is dug and full of water.

Fort Worth council members approve Cavile Place redevelopment plan

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From the Fort Worth Business Press by Scott Nishimura

Fort Worth City Council members on Tuesday unanimously approved the adoption of a $112 million plan to transform the aging Cavile Place housing project and surrounding neighborhood in Stop Six into the city’s comprehensive plan. The vote was the first step in what officials estimate will be a 10-15-year implementation. The project plan includes razing the 300-unit housing project, rebuilding 225 units in a modern complex on the site and redistributing the rest in the surrounding neighborhoods, building a community garden as central gathering spot, improving East Rosedale Street as landing spot for hoped-for retail and other commercial uses, and heightening the focus on education and job training. The City, Fort Worth Housing Authority and federal government are expected to collaborate on the project. Don Babers, the federal Housing and Urban Development administrator who supervised the rebuilding of public housing in New Orleans after Hurricane Katrina, has agreed to help take the lead, said City Council members Gyna Bivens, who represents the district and is comparing the redevelopment to Katrina’s aftermath. “The comparison is revitalization,” Bivens said Monday. “They had to tear down and build back up, and that’s what we have to do.”

Proposed development

The plan includes property acquisitions contemplated at $13.1 million of the overall project budget. About 45 percent of the land in the neighborhood is vacant, the plan says. The targeted property is generally vacant and much of it is in foreclosure or has been foreclosed upon, Bivens said. Some of it is occupied, which officials acknowledge may be a sensitive point in implementing the plan. The foreclosures “are the properties that I’ve been looking at,” Bivens said. Once the council votes the plan in, extensive planning and community conversations will kick in, officials said. The plan, displayed on the Housing Authority web site, contemplates 20 potential funding sources, including tax credits; federal, state, and city funds; debt; contribution of city-owned land; state homebuyer assistance; and homebuyer mortgages. Private groups including developers will be encouraged to participate. Development of the plan is a requirement for the the Housing Authority to be able to seek a federal Choice Neighborhood Initiative grant for the redevelopment of Cavile and neighborhood. The funding sources identified in the plan are just “a guide of possible funding sources,” Jay Chapa, the city’s housing and economic development directors, said. “Each project will need to stand on its own.” Communication with, and inclusion of, all community segments will be the biggest challenge, Bivens said. Babers, having been through the Katrina rebuilding, knows the “pitfalls” to avoid, she said. “If people know A to Z, then their fears can be addressed rationally,” she said.

Key features of the plan, and its remarks about them:

* Transformation of vacant property into community gardens and farmers market, along the Dunbar creek/drainage channel from Calumet Street southeast to Ramey Avenue. Besides creating a central spot, the garden could create job possibilities including marketing and selling the produce; and increase the retail-starved neighborhoods’ access to fresh produce. The creek would help irrigate the gardens.

* Stressing the importance of school to the neighborhoods – “the scholastic achievement of these students weighs heavily on how much funding we get,” Bivens said. The Fort Worth schools’ recent creation of the Young Men’s Leadership Academy is leading “a transformation of the educational opportunities in the neighborhood,” the plan says. A Tarrant County College “opportunity center” is one possibility, Bivens said. The plan also calls for expanding transportation services to the schools during bad weather.
Create a neighborhood job training and business incubator that would focus on training and placement programs in culinary arts, agriculture, and other jobs related to the community garden concept. Create a small business development program related to community gardens.

* Demolish the 300-unit, “barracks-like” Cavile Place and replace with 300 new public housing units, 225 in the Cavile neighborhood. The remaining 75 public housing units would be “outside the Cavile Place neighborhood on sites to be determined,” the plan says. The 300 units would be demolished – and replaced – in phases of 112, 88, and 100. A proposed 150 new units, including public housing, and affordable and market rate rentals, would be built on the Cavile site. The plan calls for “blocks immediately adjacent to the Cavile Place site (to) be purchased and assemble for new housing development. While much of this land is already vacant, there are some occupied properties. These are also proposed to be acquired, and where possible, renovated to become an integral part of the new construction.” Total development proposed on these blocks, the plan says: 293 residential units.

* East Rosedale “gateway.” The blocks on the south side of East Rosedale at South Tierney Road are “significant gateway sites” that should include mixed-use buildings with commercial uses on the ground floor and residential apartments above. The plan calls for 53 rental units on these blocks.

* Infill single-family. The plan calls for 193 single-family homes on on existing vacant, single-family infill lots. The homes should be mixed-income, Bivens says. She plans to approach “high-end” buildings to gauge their interest in building homes that would accomodate, for example, pastors of the many churches in the district and Southeast Fort Worth. And she wants to use existing incentive programs to encourage police officers, firefighters, and other public employees to buy into the neighborhoods.

* Improvement of Fort Worth T routes. Current routes are inconvenient to portions of the neighborhoods, creating what Bivens says one person she’s consulted with calls “barriers to employment.” Some of the streets in the neighborhoods will also need to be improved to allow bus access, she said.

 

Kohl’s sets opening date for Dallas operations center that will add 1,500 jobs

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Bloomberg

From the Dallas Business Journal by Danielle Abril

Kohl’s Department Stores is preparing to open its new customer service operations center on July 29 in Dallas. The two-building, three-story facility at 17657 Waterview Parkway comprises 240,000 square feet of space and will be used to support the Kohl’s Charge payment program and Kohls.com. It is expected to create more than 1,500 full-time and part-time jobs within the next four years. The Wisconsin-based company announced in March that it expected to begin hiring about 500 employees in the next few months. The center has a number of green features and the retailer expects the building to receive Leadership in Energy and Environmental Design certification from the U.S. Green Building Council in upcoming months. Kohl’s (NYSE: KSS) last year announced that it had leased the space, which was formerly occupied by Plano-based Alliance Data. This is not the only facility the retailer has in North Texas. It also operates a 951,000 square-foot distribution center in Corsicana and an e-commerce fulfillment center in DeSoto. The other sites that will serve Kohl’s Charge and Kohls.com customers are located in San Antonio and Menomonee Falls, Wisconsin. Kohl’s has 85 stores in Texas, 27 of which are in Dallas-Fort Worth.

Texas ranks near the top in growth of women-owned businesses

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Photo by Nick Simonite

From Dallas Business Journal by Kritika Kulshrestha

Texas ranks No. 2 among U.S. states for the fastest growth in the number of women-owned businesses between 1997 and 2014, Entrepreneur magazine reported. The number of women-owned firms in Texas grew by 98 percent and is part of a trend among other Southern states where female entrepreneurship is on the rise. Mississippi, Alabama, Florida, North and South Carolina are also in the top 10 states for women-owned business growth. The findings were highlighted in a studytitled “2014 State of Women-Owned Businesses”. The study, published in March, was commissioned by American Express OPEN – a division of New York-based American Express Co. (NYSE: AXP) – and was prepared by Womenable, a Michigan-based research and policy development consultancy.

The study also said that 28.2 percent of Texas businesses are owned by women, ranking No. 18 compared to other U.S. states. Georgia topped the list with the the number of women-owned firms growing by 118 percent between 1997 and 2014. In June, Texas ranked No. 2 in CNBC’s America’s Top States for Business and a report released last week by Indeed Hiring Lab shows the Lone Star state is No. 1 in location desirability for job seekers, and is also the top destination in the U.S. for oil and mining job-related searches.

 

Fort Worth sees startup rate increase, as national rate decreases

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From the Fort Worth Business Press by Courtney Fillmore

Less than 6 percent of unemployed managers and executives were willing to give self-employment a shot in the first half of 2014, but that hasn’t stunted the growth of startups in the Fort Worth-Arlington area. Hayden Blackburn, director of IDEA Works FW, has seen great interest among individuals of every age and background in starting their own business. IDEA Works FW is an incubator that assists emerging businesses in entrepreneurial development, job creation and supports innovation-driven operations. “Some are students, some want to be their own boss, and some have worked in an industry for over 20 years and are out of work, exploring how they can use their expertise in a field,” said Blackburn. “Fort Worth and North Texas has a growing and expanding startup scene and community. We have had a surge in growth in the infrastructure available to entrepreneurs with many organizations and programs launching that are filling gaps in the needs of our entrepreneurial community,” said Blackburn. These “gaps in needs” have been filled with incubators, co-working spaces, accelerators, and funding channels that have the shared mission of supporting local startups, according to Blackburn.

A recent quarterly survey by global outplacement consultancy group Challenger, Gray & Christmas found that during the first and second quarters of 2014, an average of 5.5 percent of job seekers started their own business. This is significantly lower than the startup rate for the second half of 2013, which averaged 6.9 percent per quarter. “The startup rate can fluctuate significantly from quarter to quarter. In the fourth quarter of 2013, for example, nearly 9 percent of jobless managers and executives started a business. The percentage then dropped by 50 percent in the following quarter,” said John A. Challenger, CEO of Chicago-based Challenger, Gray & Christmas in a news release.  “However, the overall startup rate is trending upward from record lows in 2011, albeit slowly. Even with the increase, though, less than 6 percent of job seekers, on average, are willing to try their hand at entrepreneurship,” said Challenger. And the entrepreneurial lifestyle is not for everyone, agrees Blackburn.

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“Startups and the entrepreneurs that own and operate them face consistent challenges, no matter the industry,” said Blackburn. “Most face challenges around capital, marketing, taxes, and time and resource management.” Despite these challenges, the Fort Worth-Arlington micro-division (Johnson, Tarrant, Parker and Wise counties) has experienced growth in the number of small firms, according to the Texas Workforce Commission. “As of May 2014, the Fort Worth-Arlington micro division had over 18,000 firms with one to four employees which made up 3.9 percent of the total employment,” said Blackburn. As the unemployment rate has fallen from 6.2 percent to 5 percent, the number of startups has increased, but the percentage of startups as a percentage total employment has decreased. That may change, according to Challenger.
“As the economy and job market continue to expand and we get closer to full employment, self-employment will begin to rise again, as the confidence factor increases and the risk factor decreases,” said Challenger. “We may be on the leading edge of that increase.” Many areas of the country are already approaching full employment, and in these markets, “jobs are plentiful, but so are the opportunities for prospective entrepreneurs,” said Challenger. A growth in entrepreneurs also requires a solid support infrastructure, noted IDEA Works’ Blackburn.  “When a city has an ease of starting a business, ease of obtaining capital, and a well-integrated and robust entrepreneurial ecosystem with a culture among citizens of innovation, acceptance of failure, and a strong entrepreneurial spirit it can lead to those exploring launching a business officially taking the plunge into the lifestyle,” said Blackburn.

Texas adds 19,100 jobs in June; Dallas-Fort Worth unemployment falls

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From the Dallas Business Journal by Bill Hethcock

Texas has added 371,000 jobs in the past year, including 19,100 in June, and the unemployment rate in the Dallas-Fort Worth area continues to fall.  The unemployment rate in Dallas-Fort Worth dropped to 5.4 percent compared to 6.7 percent a year ago, according to figures released Friday by the Texas Workforce Commission. The state’s unemployment rate dropped to 5.1 percent in June from 6.4 percent a year ago. Texas’ unemployment rate remained below the nation’s June unemployment rate of 6.1 percent. The jobs statistics released by the commission came the same day that yetanother California company announced plans to relocate its headquarters and hundreds of jobs to North Texas. Fleet management software company Omnitracs LLC will move its headquarters to Dallas from San Diego, creating 450 jobs. Those jobs and more than 5,000 others in North Texas announced by Toyota and other companies over the past few months don’t count in the current statistics, but will be tallied in future jobs reports. Statewide, seven of 11 major industries in Texas showed employment gains over the past month, led by an increase of 7,700 jobs in the trade, transportation and utilities sector. Education and health services added 7,400 jobs statewide in June, bringing its 12-month gain to 52,600 jobs. That sector, which includes positions in scientific and technical fields, has an annual growth rate of 3.6 percent, the highest since June 2010.

FedEx Office, Woolley’s Frozen Custard, Aqua-Tots bound for Heritage Trace Plaza

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From the Fort Worth Business Press by A. Lee Graham

FedEx Office, Aqua-Tots Swim School and Woolley’s Frozen Custard have leased space at Heritage Trace Plaza in North Fort Worth. The leases will bring the retail center to full occupancy when the tenants move in. Only one space remains vacant at the center at 3529 Heritage Trace Parkway, currently at 98 percent occupancy. Completing lease negotiations for the three aforementioned tenants were Roger Smeltzer, principal-broker, and Barrett England, director, of Vision Commercial Real Estate LLC. Representing FexEx Office in the deal was W. Thurston Witt Jr., senior vice president of UCR. FedEx Office will occupy 995 square feet in a new retail strip under construction at the NEC corner of North Riverside Drive and Heritage Trace Parkway. It will join previously announced McAlister’s Deli and Mooyah. Representing Aqua-Tots was Ruben Reynoso, president of Tenant Real Estate Advisors. The lease marks the school’s first Tarrant Count location. Aqua-Tots will occupy 6,000 square feet in the current retail center. Woolley’s’ lease sees the company open its second location in the Alliance area. Woolley’s will occupy 1,417 square feet in the current retail center.

Bicycling, fitness center, rooftop bar coming to Clearfork’s Trailhead

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From the Fort Worth Business Press by Scott Nishimura – snishimura@bizpress.net

An 11,000-square-foot, two-story bicycling and fitness center is headed for the Trailhead at Clearfork on the Trinity River in west Fort Worth, Cassco Development said Wednesday. Mayor Betsy Price helped make the announcement before her Wednesday Tour de Fort Worth bike ride, which began at the Trailhead, Cassco’s outdoor recreational venue on the riverfront in the Clearfork development. “This is going to be a phenomenal facility,” Price said. The center, to be called The Trailhead Cycling and Fitness Center, will include a full-service bike shop, coffee and juice bar, fitness studio, and second-story rooftop bar overlooking the Trinity. Construction will begin this fall, with completion scheduled for Spring, Cassco said. Paxton Motheral, vice president of Cassco Development, said the center will be an “urban oasis.”

“We are now taking the original idea one step further,” he said “With nearly 11,000 square feet of space, we are creating an urban oasis for the fitness community that is directly connected to the trail system.” Cassco is talking with several potential operators for the bike shop, Motheral said. Besides typical bike shop services, the shop will also have a training facility for serious cyclists, he said. The center will front the river on the south side of the Trailhead, he said. Renderings show significant glass fenestration facing the river. “We really want to open it up,” Motheral said. Cassco launched the Trailhead in fall 2013, collaborating with active-lifestyle community partners to offer complimentary fitness classes and activities like yoga, Pilates, Crossfit, and rock climbing.

Fort Worth Council OKs whiskey distillery at Glen Garden Country Club

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From the Dallas Business Journal by Lance Murray

The owners of the Firestone & Robertson Distilling Co. received Fort Worth City Council approval Tuesday night to locate a whiskey distillery at the Glen Garden Country Club in east Fort Worth. The Fort Worth Star-Telegram reported the owners, Leonard Firestone and Troy Robertson, received the “supermajority” vote, 7 of 9, they needed for the rezoning. A supermajority vote was needed because more than 25 percent of the property owners within 200 feet of the country club had registered opposition to the change. Roughly 2,100 people signed a petition opposing the zoning, the Star-Telegram said. The vote went against the wishes of Councilwoman Kelly Allen Gray, who represents that area of the city.

“I heard from residents in the southeast corner of the city, ‘We want more economic development. We deserve more economic development,’ ” Councilman Dennis Shingleton said during the meeting. The Star-Telegram reported that Gray then said she wanted to work with Firestone and Robertson to discuss the project as it goes forward. “We need to hold a meeting. We need to be very involved in what is happening there,” the Star-Telegram quoted Gray.

DRG Concepts adding Wild Salsa, Chop House Burger, Oven and Cellar locations

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From Dallas Business Journal by Danielle Abril

DRG Concepts soon will open two of its concepts next door to each other in Fort Worth’s Sundance Square and a new Italian concept in Dallas. Wild Salsa and Chop House Burger is slated to open at City Place Center, 100 Throckmorton St., in early 2015. Its new restaurant, Oven and Cellar, which will serve pizza, pasta, cured meat and wine, is slated to open in November on Main Street in Dallas. Executive Chef Kelly Hightower, formerly of Wild Salsa, will head the Italian restaurant.

Wild Salsa originally opened in 2011 at the corner of St. Paul and Main streets in downtown Dallas, and Chop House Burger entered the market in 2012. Chop House Burger also has a location in Euless, and DRG is planning to expand the concept to Plano, Frisco and Southlake. Wild Salsa serves Mexican cuisine inspired by dishes from Mexico City. Chop House Burger, a spinoff of Dallas Chop House, serves gourmet burgers, old-fashioned shakes and local beers. DRG Concepts, managed by CEO and founding partner Mike Hoque and vice president and founding partner Nafees Alam, also created Dallas Fish Market and Dallas Chop House.