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Fort Worth – Texas from Legacy to Luxury

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Fort Worth – Texas from Legacy to Luxury FORT WORTH – TEXAS FROM LEGACY TO LUXURY Founded in 1848, the family-owned Edwards Ranch predates the very city that has grown up around it. Once spanning 7,000 acres across southwest Fort Worth, land used for the Edwards’ cattle operation is now occupied by many landmarks such as the Fort Worth Zoo and Colonial Country Club. As passionate stewards, Cassco Development Co., the development arm of Edwards Ranch, is now focusing on the 270 acres known as Clearfork. Plans for The Shops at Clearfork involve careful consideration of how best to cultivate the last undeveloped portion of this legendary land to create a timeless contribution to Fort Worth. The Shops at Clearfork will be an upscale, mixed-use development in the heart of the city. Here along the Clear Fork of the Trinity River, an inspired mix of retail, entertainment, residences and offices will blend with expanses of natural green space and direct access to the Trinity Trails system. AN IDEAL LOCATION 199 183 820 TRINITY RIVER CULTURAL DISTRICT Ft. Worth DOWNTOWN 30 377 30 CHISHOLM TRAIL PKWY. (TOLL) 35W 183 TEXAS CHRISTIAN UNIVERSITY BRYANT IRVIN RD. 20 HULEN ST. 20 N Hulen Street. Bryant Irvin Road. I-20. I-30. Almost every major traffic artery in Fort Worth connects with The Shops at Clearfork, while the new Chisholm Trail Parkway provides easy access not only from downtown but also from the growing suburban areas to the south. DESIRABLE MUSEUM DISTRICT W. 7TH ST. RIVERCREST DOWNTOWN FT. WORTH DEMOGRAPHICS WESTOVER HILLS 30 RIDGMAR MALL CAMP BOWIE BLVD. 121 30 UNIVERSITY DR. W. ROSEDALE ST. WY Fort Worth’s phenomenal growth is HULEN ST. PK UNIVERSITY L AI PARK TR occurring all around The Shops at Clearfork LM VILLAGE O H IS H with the Phase III expansion of Riverhills, C COLONIAL GOLF & COUNTRY CLUB 35W RIDGLEA HILLS VICKERY ST. its neighboring residential community in the immediate vicinity, and in the Museum TEXAS District only minutes away. CHRISTIAN UNIVERSITY RIVERHILLS/ BERRY ST. OVERTON The Shops at Clearfork will be a shopping, WOODS A BELLAIRE DR. dining and entertainment destination RB BRYANT IRVIN RD. O 183 R FW COUNTRY L surrounded by a distinguished cluster of A DAY SCHOOL W N WESTCLIFF WEST affluent neighborhoods. 20 3 MILES 10 MILES Population 99,342 Population 670,750 HULEN MALL Workplace Employees 60,433 Workplace Employees 330,319 Households 44,789 Households 239,439 Average HH Income $90,565 Average HH Income $66,840 . Y W K HH Earning $75,000+ 38.2% HH Earning $75,000+ 29.1% P 20 IL A HH Earning $100,000+ 27.4% HH Earning $100,000+ 17.9% TR M L MIRA VISTA O H S 5 MILES TRADE AREA I MEADOW CREEK H C Population 272,313 Population 1,193,420 Workplace Employees 17 7,346 Workplace Employees 495,461 Households 111,273 Households 429,341 HULEN ST. Average HH Income $76,988 Average HH Income $73,707 HH Earning $75,000+ 32.7% HH Earning $75,000+ 35.7% CANDLERIDGE PARK HH Earning $100,000+ 21.9% HH Earning $100,000+ 22.5% 121 *Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016). N UNDENIABLE OPPORTUNITY Fort Worth’s size, favorable business climate, sophistication and receptive, upscale population add up to a market primed for The Shops at Clearfork. Neiman Marcus immediately recognized this historic opportunity and has made the decision to relocate from its well-performing site at Fort Worth’s Ridgmar Mall to anchor The Shops at Clearfork’s retail component. The Shops at Clearfork will feature a carefully orchestrated mix of luxury retail, restaurants and entertainment from a blend of national, regional and local brands.e rs. PHASE I: The Shops at Clearfork 90,000-square-foot Neiman Marcus 380,000 square feet of luxury and specialty retail, restaurant and entertainment uses Office 125,000 square feet of Class A office space (over retail) Residential The Kelton at Clearfork is now open featuring 392 luxury apartment homes Ultimate 270-Acre Build-Out 2M square feet of office 1.2M square feet of retail 2,500 multifamily units B&B BUTCHERS & RESTAURANT FUTURE CRÚA WINE BAR RETAIL/OFFICE RESTAURANTS FUTURE RESTAURANTS/RETAIL LUXURY RETAIL CLEARFORK MAIN ST. RESIDENTIAL NEIMAN MARCUS THE SHOPS AT CLEARFORK GRIMALDI’S COAL BRICK OVEN CITY WORKS TWIG’S BISTRO & MALAI MARTINI BAR KITCHEN PINSTRIPES FUTURE AMC THEATRES FUTURE SR 121 / CHISHOLM TRAIL MEDICAL COMPLEX N MASTER PLAN PROPERTY OVERVIEW THE SHOPS AT CLEARFORK PLAZA VIEW THE SHOPS AT CLEARFORK STREETSCAPE VIEW THE SHOPS AT CLEARFORK THE SHOPS AT CLEARFORK THE SHOPS AT CLEARFORK THE SHOPS AT CLEARFORK THE SHOPS AT CLEARFORK THE SHOPS AT CLEARFORK THE SHOPS AT CLEARFORK A CITY FOR GROWTH The city “where the West begins” has a business-friendly tax structure that also makes it a city beautifully situated for commerce and industry. — F orbes ranks it among the best places for business and careers, with one of the fastest-growing metropolitan areas. — DFW International Airport and an extensive transportation infrastructure put international trade within easy reach. — It’s also a wonderful place to live, with one of the best housing markets in the U.S. according to the Brookings Institution. — Additionally, the city hosts 8.8 million visitors a year, making it one of the nation’s premier travel destinations. FORT WORTH WATER GARDENS Fort Worth is a vital part of the Dallas–Fort Worth Metroplex, the fourth-largest metro area in the United States, growing by 100,000 residents every year. Fort Worth is the urban heart of Tarrant County, whose 30,000 new residents last year made it the county with the nation’s eighth-largest numeric increase in population. — The Dallas–Fort Worth area ranks number two for most job growth in the U.S. for 2014. — Forbes ranks Fort Worth as the 15th best city in America for job growth in 2014. — Aviation, technology, energy, education and healthcare drive the Fort Worth economy. — Major corporations in Fort Worth include Lockheed Martin, American Airlines Group, Bell Helicopter, Alcon Laboratories and Justin Industries. The “Cultural Capital of the Southwest,” Fort Worth has one of the largest arts districts in the United States. Just three miles from The Shops at Clearfork sits the world- famous Fort Worth Cultural District. The area includes the Fort Worth Botanic Garden, the Botanical Research Institute of Texas, the Fort Worth Zoo and five internationally recognized museums, each known for its unique collections and distinctive architecture. – Kimbell Art Museum (Louis Kahn) – Amon Carter Museum of American Art (Philip Johnson) – Fort Worth Museum of Science and History (Legorreta + Legorreta) – Modern Art Museum of Fort Worth (Tadao Ando) – National Cowgirl Museum and Hall of Fame (David M. Schwarz) MODERN ART MUSEUM OF FORT WORTH – 3 MILES FROM THE SHOPS AT CLEARFORK THE START OF SOMETHING BIG The Shops at Clearfork redefines the master-planned, mixed-use development with 270 acres of diverse residential options, miles of riverfront access and a carefully curated mix of retail, office, entertainment and green spaces. Phase I of the residential component, The Kelton at Clearfork, opened in Summer 2015. Comprised of nearly 400 apartment and town homes, the luxury residences feature a multiterrace pool and grilling area, multiple courtyards for gathering, a fitness center and a rooftop lounge with downtown views. FUTURE RESIDENTIAL AT CLEARFORK FORT WORTH, TEXAS A TRUE COMMUNITY The Trailhead is ideally located on the riverfront of the Trinity Trails within Clearfork. It’s a place to start and end your Trinity Trails experience. From running to cycling to fitness and other outdoor adventures, The Trailhead has something for all ages and fitness levels. The Trailhead Cycling and Fitness Center will build off The Trailhead’s initial concept to become a premier destination for cycling, fitness and health enthusiasts of all levels, with a direct connection to the Trinity Trails system. The 11,000-square-foot facility includes numerous amenities and opened Spring 2015. Heart of the Ranch is Clearfork’s distinct home-grown event space that preserves the heritage and soul of Edwards Ranch. With views of the Trinity River and the downtown skyline, Heart of the Ranch provides an outdoor setting unlike any other in Fort Worth. Texas Health Hospital Clearfork is a private, 45-bed hospital with a full-service surgical center that brings the latest technology, highly regarded medical professionals and the highest-quality care to Clearfork. Opened in November 2014, the 80,000-square-foot building houses 12 operating rooms, 45 patient rooms and 12 VIP suites and employs approximately 300 people. A POWERFUL PARTNERSHIP Cultivating the legacy and the potential of The Shops at Clearfork are two extraordinary Leasing: organizations that promise to deliver an Vicki Hanor offering unlike anything Fort Worth has seen. (212) 745-9633 [email protected] At the core of their development philosophy, Greg Vlahos Cassco Development Co. has great respect (817) 685-3048 [email protected] for the land and its historical importance in Fort Worth. As the development arm of Dennis Carafiol Edwards Ranch, Cassco will develop The (317) 263-2436 [email protected] Shops at Clearfork with the same care and attention to detail that the Edwards family has Richey Neeson provided for more than a century and a half. (817) 685-3027 [email protected] The company will spearhead the overall 270- acre, mixed-use development project. Big Box & Theatre Development: Mark Becher (317) 464-8972 Simon, the nation’s largest developer of retail [email protected] real estate and a major international real estate leader, will provide unparalleled leasing Restaurant Leasing: Jennifer Kaufman and management expertise for the retail (317) 263 7792 portion of The Shops at Clearfork—Phase I.
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