FORT WORTH—Recent activity in the north Fort Worth area is continuing to attract new interest to the region. Many new housing developments and highway improvements around and near Champions Circle, the mixed-use development at Interstate 35W and State Highway 114, highlight the growth in the vicinity. This area provides access to a viable employment base in the nearby Grapevine/Southlake/Fort Worth and immediately surrounding neighborhoods.
Moreover, capital investments in this 279-acre office, multifamily, hospitality and retail destination site position it as a good prospect for office and retail tenants interested in taking advantage of the growth and by companies interested in capitalizing on the underserved area.
In response, Fine Line Diversified Development, owner/developer of Champions Circle, selected JLL as its strategic partner to implement its commercial real estate services. JLL managing director Pat McDowell will lead office efforts and associate Austin Speni will lead retail efforts.
“Champions Circle is primed to serve as a premiere work-shop-live-play-stay destination for north Fort Worth,” said Bill Boecker, president/CEO of Fine Line Diversified Development. “Our vision for this project has and will continue to attract office building ventures and complementary retailers, further unifying the key stakeholders in the area and better serving our regional community. With JLL's full platform of services at our collective disposal, we have the most capable, experienced and connected partner.”
One of the many Champions Circle office amenities is the Marriott Champion Circle, a four-star hotel, conference center and golf course. Hotel ownership recently announced extensive renovations to modernize and update all facets of the property.
“The upgrade of the Marriott Golf Resort and Conference Center is going to create a demand for the play and stay theme of the Champion Circle project,” Speni tells GlobeSt.com. “We hope to bring entertainment and full-service dining concepts to cater to the short-term visitors from across the state and country. For the permanent residents surrounding the project, we are looking into bringing in a large state-of-the-art fitness facility. We have also seen plans for a trail system to encourage walking, jogging and biking within the development.”
Also, the recent opening of the Tanger Outlet Center has flooded the area with new retail customers. Accessibility via Interstate 35W and State Highway 114 make the property suited for new retail.
“Users and developers seeking well-located opportunities for strategic growth need look no further than Champions Circle,” said McDowell. “Accessibility to a well-educated, deep labor pool, plus the DFW Airport should drive office demand, and locations like Champions Circle are in short supply, especially given the increased amount of new housing, highly rated school districts and job growth in our region.”
Currently, 1.4 million residents live within 30 minutes of Champions Circle and forecasts project the population to grow to 1.55 million by 2022. The region is also home to the second-fastest growing school district in Texas. Population growth in the area has increased by more than 25% from 2010 to 2016.
“Because of the live work shop play and stay environment that Champions Circle has created, we are able to offer everything from office sites with unique golf course frontage for local, regional and national companies as well as affordable to high-end housing for their employees nearby,” McDowell tells GlobeSt.com.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
