CRG and LJC expand multifamily portfolio in Fort Worth, Texas
CHICAGO – November 22, 2019 – CRG, a national real estate development and investment firm, today celebrated the groundbreaking for 401 Hemphill, a new multifamily housing complex located on 2 acres in the bustling Near Southside neighborhood of Fort Worth.
A groundbreaking ceremony was held Friday afternoon, November 22 at the site. In attendance was CRG leadership, Cadence McShane’s project team and leadership, LJC as architect, Wintrust, Mike Brennan of Near Southside Inc, and SNK Capital.
Cadence McShane is serving as the general contractor on this new 320,646 SF multifamily project, designed by Lamar Johnson Collaborative (LJC).
The 5-story, 242-unit building includes 4,500 SF of first-class amenity space featuring a state-of- the-art fitness center, co-working space and a landscaped courtyard with an infinity-edged pool, barbeque grills, fire pits and terraced seating.
Additionally, a 5-story, pre-cast parking garage is being constructed which will connect to the apartment building, providing 277 parking spaces.
“This is a great development opportunity for CRG, but the project would not be possible without our partners Cadence McShane, Wintrust Financial Corporation and SNK Capital. Furthermore, the ongoing support and partnership with the Mayor, Betsy Price, and Ann Zedah of the Fort Worth City Council, was pivotal as we continue to work together towards the growth of the community,” said CRG’s Jay Case, Partner, Multifamily. “CRG is excited to expand our multifamily portfolio in the Fort Worth market, in the heart of the vibrant Near Southside neighborhood and the growing medical district where there is a strong demand for housing.”
“We are excited to begin construction on this unique multifamily complex in Fort Worth,” remarked David Tague, Vice President of Housing and Senior Living for Cadence McShane. “We look forward to partnering with CRG and LJC to bring this project to fruition.” Resident occupancy is schedule for the second quarter of 2021.
For more information on the new development, visit https://realcrg.com/project/401-hemphill/
CRG is a privately held real estate development firm that has developed more than 8,000 acres of land and delivered over 187 million square feet of commercial, industrial, institutional and multi-family assets exceeding $11 billion in value. CRG, headquartered in St. Louis, leverages a powerful North American platform with local market expertise and offices in Atlanta, Chicago, Columbus, Newport Beach, CA and Philadelphia. CRG’s philosophy of developing for the future and anticipating the enhanced needs of next generation users led to the creation of their industrial brand, The Cubes, and their multi-family brand, Chapter. For more information, visit CRG’s website at www.realcrg.com
LJC is a full-service design and architecture firm committed to enhancing the quality of the human experience and to improving how design and architecture can impact each individual’s emotional being. By harnessing the power of integrated design, including architecture, workplace strategy, interior design, landscape architecture, urban planning and engineering, the company achieves its clients’ goals and aspirations. For more information, please visit www.theljc.com.
About Cadence McShane Construction Company
Cadence McShane Construction Company is the builder of choice in the state of Texas and its surrounding region, specializing in the Education, Multifamily, Senior Living, Commercial, and Industrial market sectors. As a highly-experienced provider of general construction, design- build, and construction management, Cadence McShane deploys a culture of relentless service with an entrepreneurial spirit that originates from the inside of each individual and helps constantly deliver reliable results of excellence. Since 1985, our dedication and commitment to this philosophy have built a solid foundation of expertise for everything we do. For additional information, visit the firm’s website at www.cadencemcshane.com.