Topic overview
In brief
- RAMROCK Real Estate has acquired the Ridgmar Mall site for redevelopment into a logistics hub.
- The project will consist of six buildings totaling nearly 1 million square feet and is strategically located near a military base.
- The redevelopment aims to revitalize the area, create jobs, and support economic growth in Fort Worth.
Summary
In Fort Worth, Texas, a long-vacant shopping center known as Ridgmar Mall is set to undergo a significant transformation into a logistics hub. The redevelopment project, named Ridgmar 30 Logistics Crossing, will encompass six buildings totaling approximately 930,960 square feet. This initiative is spearheaded by RAMROCK Real Estate, which acquired the property located at the intersection of Interstate 30 and State Highway 183. The strategic location near the Naval Air Station Joint Reserve Base Fort Worth is seen as a key advantage for the logistics operations planned for the site.
The project has been in the works for over two years, involving extensive discussions with local elected officials and community leaders. Feedback from these discussions has been overwhelmingly positive, indicating strong community support for revitalizing the previously blighted property. Tony Creme, a partner at KBC Advisors Texas, expressed enthusiasm about collaborating with the City of Fort Worth and Tarrant County to restore the site to its former vibrancy, which once served as a hub of social and economic activity.