Real Estate Developer Invests $18M in Fort Worth’s Central Library

Real Estate Developer Invests $18M in Fort Worth's Central Library

Dart Interests has acquired Fort Worth’s Central Library for $18 million. The library, which was closed in May due to a steady decline in visits, spans three floors and totals 250,000 square feet. Dart Interests plans to demolish the building and redevelop the site into a mixed-use development. Christopher Kelsey of Dart commented that they are looking forward to working with the city’s downtown residents and workforce “to bring to life a development that gives more people the opportunity to live, work, play, and experience all that Fort Worth has to offer.”

A JLL team led by Todd Burnette and David Berzina oversaw sale of property on behalf of city officials. Berzina noted potential for big changes as redevelopment could include 20-story buildings adding signature appeal Ft. Worth’s skyline while ushering in fresh opportunities for growth within area .

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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