One Century Plaza, a 25,000-square-foot mixed-use property at 827 Houston St. in downtown Fort Worth, has been sold.<\/p>\n
Marcus & Millichap<\/a>, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale Oct. 23.\u00a0<\/p>\n One Century Plaza is a five-story, mixed-use building with basement space and access to dedicated parking spaces in a nearby garage. The property is surrounded by more than $2.5 billion in new development and is within walking distance of major destinations, including Sundance Square, the Fort Worth Convention Center, Texas A&M\u2019s new law school campus and Deco 969.\u00a0<\/p>\n According to the Fort Worth Architecture website<\/a>, brothers W.T. and George Reynolds originally constructed the building in 1905 to house the operations of the Reynolds Land and Cattle Company. It was designed by Sanguinet & Staats, like many buildings in the city.\u00a0<\/p>\n \u201cThis transaction epitomizes the rapid redevelopment wave reshaping downtown Fort Worth,\u201d said Joe Santelli, senior director investments. \u201cThe property had sat vacant for years, but with expansion projects accelerating throughout the submarket, demand for well-located, value-add opportunities like this has surged. The site\u2019s dedicated parking, an incredibly rare amenity in this area, was a key differentiator for this asset.\u201d\u00a0<\/p>\n The seller is a local private investment group, and the buyer is a local development group. The former owner was hotel developer, MLand Lodging of Irving, according to Tarrant Appraisal District records. The 25,000-square-foot building is appraised at $1.9 million.\u00a0<\/p>\n \u201cDowntown Fort Worth continues to attract strong interest from investors and developers due to its favorable zoning, growing demographics and pro-business environment,\u201d Santelli added. \u201cThis sale highlights both the momentum in the area and our team\u2019s continued success in closing strategic opportunities. We look forward to seeing the site reimagined as a boutique hospitality concept.\u201d\u00a0<\/p>\n Autobahn breaks ground\u00a0<\/strong><\/p>\n Autobahn broke ground on a windy Oct. 29 on its new Texas campus in southwest Fort Worth. The nearly 75-acre site near Oakmont Boulevard and Chisholm Trail Parkway \u2014 secured from Clearfork developer Cassco \u2014 is expected to open in spring 2027.<\/p>\n Crestline launches new fund\u00a0<\/strong><\/p>\n Crestline Investors, a global alternative investment manager, has announced the launch of Crestline Lending Solutions Fund, a perpetual private business development company. The fund aims to deliver steady income through a focus on core and lower middle market direct lending as well as tactical allocations to additional forms of private credit.<\/p>\n Kroger opens Bonds Ranch location\u00a0<\/strong><\/p>\n Kroger celebrated the grand opening date of its newest Kroger Marketplace store in Fort Worth bright and early at 6 a.m. Oct. 31. The new 123,000-square-foot store is an investment of $40 million by the grocery chain and will create 220 new jobs.\u00a0<\/p>\n The store is located at 113 East Bonds Ranch Road anchoring the Bonds Ranch Marketplace, a community retail center developed by Weitzman.\u00a0<\/p>\n The new store will be the second new Marketplace format store that Kroger will open in 2025. The grocer opened a new Marketplace store in Plano at the beginning of the year. It has also broken ground on three new Kroger Marketplace format stores this year in Anna, Little Elm and the Sendera Ranch neighborhood of north Fort Worth. All three are anticipated to open in 2026.\u00a0<\/p>\n Do you have something for the Bob on Business column? Email Bob Francis, business editor for the Fort Worth Report, at bob.francis@fortworthreport.org.<\/p>\n Autobahn is a supporter of the Fort Worth Report. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here.<\/a><\/p>\n \n\tRelated\n<\/p>\n Fort Worth Report is certified by the Journalism Trust Initiative<\/a> for adhering to standards for ethical journalism.<\/p>\n Republish This Story<\/p>\n
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