National real estate developer, investor, and operator, Trademark Property Company, has closed on the land and secured the financing for The Vickery, a multifamily-led mixed-use community located on five acres at W. Vickery Boulevard and Hemphill Street overlooking Downtown Fort Worth.
The community will consist of 307 apartments, 14 townhomes, and a 5,300-sf standalone restaurant building with a second story lounge. The residences will feature high-end, luxury finishes and a best-in-class amenity package, including a large public green space, a pickleball court, two dog parks, a co-working lounge, electric vehicle charging stations, a rooftop lounge, and a heated resort-style pool.
The Vickery will serve the fast-growing population at the edge of downtown and the Near Southside district, which has evolved into a highly walkable neighborhood with popular restaurants, bars, breweries, and coffee shops. The City of Fort Worth helped establish a Tax Increment Finance District (TIF) which will pave the way for improved sidewalks, lighting, public spaces, and other upgrades to the surrounding infrastructure. Additionally, the City recently completed the Hemphill Street’s pedestrian and vehicular connection, further enhancing the site’s connectivity to downtown.
The Vickery: Multifamily community coming to Fort Worth, Texas
The multifamily buildings at The Vickery will be designed, constructed, and operated to be healthier, more comfortable, more durable, have lower operating costs, require less maintenance, and promote a sustainable way of living. The project—along with all future Trademark multifamily developments—will adhere to National Green Buildings Standards (NGBS), which positions properties to meet the needs of the current and future market and qualifies for a LEED Bronze certification.
The construction process accounts for resource efficiency, both energy and water, site selection, indoor environmental quality, and operational efficiency among other factors. Construction is expected to begin early this year. The Dallas and Fort Worth offices of the prominent regional design firm GFF Architects serve as the project architect.
Trademark’s multifamily and mixed-use partner, Chad A. Colley, said, “I’m thrilled to bring this project forward in this very challenged capital markets environment. The Vickery prevailed because of the strong demand drivers in Fort Worth and Trademark’s reputation for creating highly amenitized mixed-use environments. Given the coming shortage of new construction, we expect a surge in demand for high-quality multifamily housing in the coming years, and The Vickery will be poised to satisfy this demand for top-quality housing with unmatched amenities.”
First United Bank provided the $61 million construction loan for the project, while SCOA Real Estate Partners serves as the primary capital partner. The Walker & Dunlop Texas-based Capital Markets teams, led by Heather McClure and Jonathan Paine, advised Trademark on the development joint venture with SCOAREP.
“We are excited to partner with Trademark Property Company to develop The Vickery,” said Joe Zagranski, President and CEO of SCOA Real Estate Partners. “This development is meticulously designed, and we look forward to building a community where our future residents will be happy to call home and all stakeholders will be proud.”
Terry Montesi, Founder and CEO, Trademark, remarked, “Over the last 30 years, we have partnered with numerous multifamily developers in creating vibrant mixed-use communities that provide a wonderful quality of life for residents. We are thrilled to have launched our own multifamily platform with The Vickery and apply our best practices in design and placemaking to create a quality living experience that is truly unique.”
In addition to The Vickery, Trademark is nearing completion of design and entitlement for three other developments that will be part of its formidable multifamily/mixed-use platform.
Trademark’s current portfolio includes Galleria Dallas, Lincoln Square, Left Bank, WestBend, Waterside, 5000 S Hulen and Alliance Town Center in Dallas-Fort Worth; Market Street – The Woodlands in The Woodlands (Houston); Dunham Pointe in Cypress, Texas; La Palmera Mall in Corpus Christi, Texas; Zona Rosa in Kansas City, Missouri; Annapolis Town Center in Annapolis, Maryland; North Point in Alpharetta (Atlanta); and Perkins Rowe in Baton Rouge, Louisiana.
On the Building Team:
Owner/Developer: Trademark Property Company
Primary Capital Partner: SCOA Real Estate Partners
Advisor: Walker & Dunlop
Architect: GFF Architects
Related Stories
| Jun 1, 2012
New BD+C University Course on Insulated Metal Panels available
By completing this course, you earn 1.0 HSW/SD AIA Learning Units.
| May 29, 2012
Reconstruction Awards Entry Information
Download a PDF of the Entry Information at the bottom of this page.
| May 24, 2012
2012 Reconstruction Awards Entry Form
Download a PDF of the Entry Form at the bottom of this page.
| May 23, 2012
Summit Design+Build selected as GC for Chicago restaurant
Little Goat will truly be a multifunctional space. Construction plans include stripping the 10,000 sq. ft. building down to the bare structure everywhere, the installation of a new custom elevator and adding square footage at the second floor with an addition.
| Apr 30, 2012
HSA Commercial selected as consultant for Orland Park’s Main Street Triangle project
HSA will be responsible for designing an overall mixed-use merchandise plan, attracting a unique retail tenant mix and completing leases with prospective tenants.
| Apr 20, 2012
Shawmut completes Yard House Restaurant in Boston
12,000-sf restaurant marks new addition to Boston’s Fenway neighborhood.
| Apr 6, 2012
Batson-Cook breaks ground on hotel adjacent to Infantry Museum & Fort Benning
The four-story, 65,000-ft property will feature 102 hotel rooms, including 14 studio suites.
| Apr 4, 2012
JCJ Architecture designs New York City's first casino
Aqueduct Racetrack complex transformed into modern entertainment destination.
| Apr 3, 2012
Luxury hotel 'groundscraper' planned in abandoned quarry
Would you spend $300 a night to sleep underground? You might, once you see the designs for China's latest hotel project.
| Mar 16, 2012
Temporary fix to CityCenter's Harmon would cost $2 million, contractor says
By contrast, CityCenter half-owner and developer MGM Resorts International determined last year that the Harmon would collapse in a strong quake and can't be fixed in an economical way. It favors implosion at a cost of $30 million.
