Major Development on the Horizon: Cassco Land Co. Seeks Annexation for New Project Near Clearfork!

By Bob Francis, Breaking Now News
September 21, 2024

Excitement is building in Fort Worth as Cassco Land Co., the real estate development division of the Edwards Ranch family, has officially filed plans to request the annexation of a substantial 146-acre site. This prime land is located near the bustling Chisholm Trail Parkway and Oakmont Boulevard, just a stone's throw from the company's successful Clearfork development.

What We Know About the Plans

While Cassco officials have been tight-lipped about specific details regarding the new project, the location itself is noteworthy. The site lies a few miles south of Clearfork, which has already made a significant impact on Fort Worth’s economic landscape.

A Quick Recap of Clearfork’s Success

For context, let's revisit Clearfork, which Cassco developed in 2018. This ambitious $300 million project encompasses:

• An open-air shopping experience
• Diverse dining and entertainment options
• Residential and office buildings

Clearfork boasts over 1 million square feet of combined office, retail, and residential space, featuring high-end shops such as Neiman Marcus. Last year, Cassco secured incentives worth approximately $400 million from the city for Clearfork’s Phase II, which included relocating the luxury Autobahn car dealership. However, plans for that dealership have since been abandoned.

The Edwards Ranch Legacy

Founded in 1848, the Edwards Ranch has a storied history, once stretching over 7,000 acres in what is now southwest Fort Worth. The family’s commitment to development continues to shape the region’s landscape.

Frost Bank Teams Up with Valor

In related news, Frost Bank has partnered with Fort Worth-based Valor and their innovative mineral management software, mineral.tech. This cutting-edge tool assists clients in managing their mineral assets more effectively by:

• Digitally mapping all interests
• Organizing historical documents
• Tracking revenue
• Generating detailed analytics for accounting and auditing

Brad Ince, Senior Vice President at Frost, remarked, “Mineral.tech and its advanced reporting capabilities are redefining how we assist our clients.”

Continental Tire Expands in Fort Worth

Additionally, South Carolina's Continental Tire is making headlines with plans to construct a $69 million industrial building in south Fort Worth. This facility will include:

• A 752,000-square-foot build-to-suit structure
• 7,500 square feet of supportive office space
• Capacity to store over 800,000 tires

Scheduled to begin construction this month, operations are expected to launch by 2026, marking Continental's first owned tire distribution center in the U.S. Bill Caldwell, Senior VP at Continental, stated this center will serve as a model for future developments, featuring advanced automation and sustainability elements.

Conclusion

With significant development plans unfolding in Fort Worth, the city is poised for growth and transformation. As Cassco Land Co. seeks to expand its influence, the community will be keenly watching how these developments shape the region's economic landscape.

What Do You Think?

• Do you believe this annexation will benefit the Fort Worth community?
• Should the city provide incentives for new developments like this?
• What impact will these changes have on local businesses and residents?
• Is there a risk of overdevelopment in the area?
• Could this lead to increased property taxes for residents?

Your thoughts and opinions are valuable—share them in the comments below!