Dart Interests has expanded its presence in downtown Fort Worth by purchasing 4.6 acres, which includes a four-story office building located at 300 Burnet Street. This acquisition adds to the company’s recent purchase of the town’s library for $18 million.
According to reports from the Dallas Business Journal, Fort Worth officials sold the old library building with hopes of developing a mixed-use project worth at least $200 million. This move would not only bring new development to the city but also generate tax revenue as the library moves into a smaller space.
Despite this latest purchase, Dart Interests plans on maintaining operations at their current office building and will continue leasing out space to various tenants. As planning progresses, more information about potential developments on surrounding acreage will be shared.
Over time, Dart Interests has built an impressive portfolio that includes multifamily properties, hospitality ventures such as resorts and mixed-use projects. One notable project is Evermore Orlando Resort – a massive undertaking costing approximately $700 million and boasting over 10,000 rooms next door to Walt Disney World in Florida.
In summary,Dart Interests continues its expansion in downtown Ft.Worth through strategic acquisitions while simultaneously managing successful projects across various industries including hospitality,residential,and commercial real estate.