Spire Realty Group Bringing Retail to City Place in Fort Worth

By Sam Bosell 24 Feb 2012
image description

Fort Worth, TEXAS –Dallas-based Spire Realty Group is moving forward with plans to revamp City Place, a twin-tower landmark in downtown Fort Worth. Spire acquired the 1.2 million-square-foot property in late February. It spans four city blocks and consists of three buildings: One City Place, Two City Place, and City Place Center. Now, Spire is adding shopping to the mix, with the development of 30,000 square feet of retail space plus an outdoor plaza.

Caleb Smith, owner and president of Spire Realty, said in a statement that the project will play a significant role in the continuing revitalization of downtown Fort Worth: “The redevelopment of City Place will return the property to its prior stature and represents an important milestone in the city’s history.”

Construction of the 2.15-acre project is already under way. Rogers-O’Brien Construction has been named the general contractor. Venture Commercial’s Chris Corbin, Michael Dearden, and Theo Thompson are overseeing retail leasing.

About City Place: Spire Realty purchased City Place, the landmark property, in February of 2011. Located in the heart of Fort Worth’s Central Business District at the intersection of Throckmorton and 3rd Street, City Place spans four blocks and includes two 19-story Class A office towers. City Place was originally developed as the Tandy Center and served as a mixed-use town center and the headquarters of RadioShack Corp. from its opening in 1976 until 2005. The property is adjacent to Sundance Square.

Download the press release >>more