Dallas developer eyes North Fort Worth business park
A Dallas-based developer is planning a major distribution hub in Fort Worth – his second new speculative warehouse project in North Texas this year.
Ironwood Realty Partners laid the foundation stone for the first phase of an industrial park in Denton in February.
Now the developer is planning another large business park in North Fort Worth.
Ironwood Realty plans to build nearly 1 million square feet of warehouse space in two buildings near Interstate 35W and Sylvania Cross Drive near Loop 820.
The project will include a 700,000-square-foot building and a 251,000-square-foot building, according to the planning documents submitted to the state. The entire development will cost more than $ 40 million.
Alliance Architects is designing the industrial park, construction of which is scheduled to begin in May.
Ironwood Realty began work on a 1.2 million square foot warehouse complex in Denton in February, which was being built in partnership with Scannell Properties in Indianapolis. The Denton Crossing project will include four buildings.
And last year, Ironwood Realty completed nearly 700,000 square feet of warehouse at its Synergy Crossing Business Park in Denton.
Founded in 2015, the real estate development company has additional properties in Fort Worth and Grand Prairie.