Quote:
Originally Posted by Hill Country
Sticking with a 12:1 FAR (at least for now) is disappointing. Had they not announced such an ambitious project in the beginning and shown a rendering for buildings with a 12:1 FAR we'd probably still be happy.
They do have something that T.Stacy and their first Rainey project (the twin 50-story towers) didn't have - an investor on board at the time of the announcement: Klabzuba Realty. They also have the demolition permits for the six properties on Red River and Willow St that will need to be cleared. It looks like the last permits they needed were granted on 08/26. They originally said they would file a site plan by the end of August which has now moved to November. This still seems to be more viable than their 50-story towers and the infamous T. Stacy's project ever were.
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Klabzuba's current real estate portfolio consists of the following:
Gravel Drive
A 188,000 square foot industrial warehouse in Fort Worth
One Alamo Center
An eight-story 166,000 square foot office building in downtown San Antonio
The Belvedere
A nine-story 141,000 square foot office building in Dallas
Suffolk Drive
A 116,000 square foot industrial warehouse in Fort Worth
The Meridian
A six-story 100,283 square foot office building in Las Colinas
12600 Featherwood
A four-story 77,000 square foot office building in Houston
One Hundred Lexington
A four-story 65,000 square foot office building in Fort Worth
Lexington Place
A four-story 27,000 square foot office building in Fort Worth
Stonegate I
A two-story 25,000 square foot office building in Fort Worth
8th Avenue Medical Office Building
A 20,000 square foot medical office building in Fort Worth
Stonegate Plaza
An 18,000 square foot office building in Fort Worth
Ladera Bend
A 45,000 square foot retail center in Austin
The Pearl Hotel
A 55-room high-end hotel in Rosemary Beach, Florida
Park Hudson Place
A 232-unit apartment complex in Bryan