Cushman & Wakefield Secures Construction Financing for New Multifamily Development in Fort Worth

DALLAS, August 7, 2017 – Cushman & Wakefield is pleased to announce that it has arranged construction financing on behalf of Talos Holdings for The View of Fort Worth, a 300-unit community along the Trinity River near Interstate 35-W. The funds were provided by Endeavor Real Estate Partners out of Austin and secured by Justin Shuart, Jason Pumpelly, and Brian Park of Cushman & Wakefield.

Justin Shuart

“Construction financing is becoming increasingly difficult to come by, but it’s an area in which we specialize,” Shuart said. “We’ve built long-term relationships with lenders and developers that have excellent track records; that, along with having a quality project in a highly desirable location, made the difference.”

In addition to the unique amenity of waterside living, the luxury development on Northside Drive will offer panoramic views of downtown Fort Worth. Talos Holdings expects to break ground this month and have units ready for occupancy by late 2018.

“We are truly excited to be part of such a great project in the great city of Fort Worth,” said John K. McWilliams Jr., founder of Talos Holdings. “We believe this is a one-of-a-kind property, with the views of downtown and being on the river.”

The View of Fort Worth was designed by Dallas-based BGO Architects, with interiors by Imagine Design. CBG Building Co. is the general contractor. Lincoln Property Co. will provide management services.

The development will be a midrise community of three stories over podium parking. Units will range in size from one to three bedrooms and feature 9-foot vaulted ceilings, quartz countertops, dark-wood cabinets, stainless steel appliances, balconies or patios, and full-size washers and dryers. Planned amenities include an infinity-edged pool with private cabanas and gardens, wi-fi café, athletic center, game room, pet park and dog wash,  and more.

A second phase could add 200 units, bringing the project total to 500 units.

The timing is right to move forward with The View of Fort Worth, Pumpelly said. “DFW is among the top markets in the country for rent appreciation, and with the population growth the region is experiencing, that should hold true for a while,” he said.

 About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.

For additional information, please contact:

Christine Perez
Senior Communications Specialist
Marketing & Communications
+1 972 663 9874
christine.perez@cushwake.com

2018-04-19T15:02:18+00:00 August 7th, 2017|In the News, Press Release|