Foch Street Warehouses, Building 2

1109 Foch Street, Fort Worth, Texas

Role: development partner

Size:   Approx 52,000 square feet

Use:   Retail, Showroom, Restaurant, Office

Project Details:

Presidio Interests, as development partner for redevelopment of the final Foch Street Warehouse building, plans to redevelop the existing 80,000 SF industrial warehouse into a flexible multi-use building, somewhat similar to the two previous phases of the Foch Street Warehouse buildings.  The redevelopment will also include many improvements to the overall Foch Street Warehouses site and to the concrete warehouse structures.

Presidio's Andrew Blake will will handle the redevelopment project duties including finance, design, construction oversight, tenant improvements and oversee project leasing with the project's leasing partner, Rodger Chieffalo and property management partner, Mark Harris.

The result will be highly flexible, efficient, attractive lease spaces that accommodate a wide variety of tenants including eclectic local restaurants, stylish clothing and home furnishing retailers, and office spaces for creative companies.  The redevelopment will result in a state-of-the-art building but the building and lease spaces will retain much of their industrial character, with exposed concrete ceilings and columns, and walkways along the old loading docks.  Construction is scheduled to begin in early 2011, with lease spaces ready for occupancy as early as mid 2011.

The redevelopment project will create many new parking spaces to accommodate the new tenants and it will greatly improve pedestrian circulation through the Foch Street Warehouses and pedestrian access and connectivity to the surrounding, rapidly urbanizing West 7th Street corridor district.

In the immediately surrounding West 7th Street corridor district, four major mixed-use projects are either complete or in their later phases.  Adidtionally, in the immediately surrounding district, in the years 2007-2015, approximately 2,000 new apartments and condos and approximately 500,000 SF of new or greatly renovated Class A office space are scheduled to be delivered.  The arrival of thousands of new residents and daytime employees in addition to the emergence of the district as a regional destination will result in even greater foot traffic throughout the district and greater demand for retail and services, and for office space in the district.

For more information on the project, please contact Andrew Blake by phone at 817.366.1900 or by email at ablake@presidiointerests.com.

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