We are on yet another mission to change the world, now with the Project Studio clan. Dr. Forgey gave a run through of what the class would entail, and had us split into groups. Martini and I opted to create Makan Martini Management, and warnred the rest of the Ft Worth developers to watch out!
The objective of each of our projects is to create or recreate a building that can be used for multiple (flexible) uses in the future.
The real fun began when Dr. Forgey took us out to look at some proeprties in the Near Southside area across I-30, extending deep into the hospital district. After a broad tour of the area and basic questions and answers, it was just about that time to eat again! We visited the super-busy Paris Coffee Shop for a Saturday brunch, which was just phenomenal. After stuffing ourselves, we gathered the troops and headed back on to the Campus.
John and I departed on our mission to find a empty tract of land, as the other two groups presented interest in doing the adaptive reuse concept for their project.
We didnt have to go far into the Near Southside negiborhood (also a TIF) to find our ideal tract of land on Magnolia. It was like LOVE at first sight. We contacted the broker, James Noriyan, and got a $22/psf price for the sale of the 217'x104' tract. Sitting 2 blocks east of Baylor All Saints on Magnolia Ave, there isn't a more ideal tract of developable land in miles. We contacted Coldwell Banker for interest in a tract of land just east of the aforementioned property, and hopefully we hear back from him soon.
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