3L Real Estate bought the 115th Street West building in 2023 and began planning a conversion project. 3L recently hired Hasen to begin construction on the adaptive reuse of the former Oncor Building in downtown Fort Worth, converting it from an office to multifamily, in the next month or two.
To be branded, 115th West 7th Street, Hasen will convert the 300,000-square-foot, 16-story tower into approximately 330 residential units, including studios, one-bedroom, and two-bedroom apartments. The mixed-use project includes existing ground-floor restaurants and retail and will add new atriums, a fitness center and business center. Completion is targeted in less than two years.
Originally constructed in 1952, the building served as the headquarters for the Fort Worth National Bank.
The project features high-end dining, The Capital Grille and Little Red Wasp, as well as a PlainsCapital Bank branch.
Bennett Partners is leading architecture and design efforts for the conversion.
Northmarq has arranged $50 million in financing for Ardor on the Bluffs, a 235-unit mid-rise multifamily community in Bloomington, Minnesota. Located at 3701 American Blvd, the complex is located just minutes from MSP International Airport and the Mall of America. Northmarq’s Minneapolis Debt + Equity team, led by Dan Trebil, arranged the financing on behalf...
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City and state officials joined representatives from Catholic Charities and community leaders to cut the ribbon on the new Catholic Charities Gail P. Duke Senior Residence. The $143.4-million development will provide 141 units of affordable sustainable apartments for low-income seniors with supportive services in the Brownsville neighborhood of Brooklyn. The Gail P. Duke Senior Residence,...
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Marcus & Millichap finalized the sale of Amber Pines Apartments, a 23-unit multifamily property located at 330 Amber Ct. in Upland. The property sold for $5.9 million, or $257,717 per unit. “Amber Pines features a mix of spacious studio, one- and two-bedroom floor plans,” said Douglas McCauley, senior managing director investments. “The asset’s prime north...
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