FROM LEGACY TO LUXURY
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- Elisabeth Ford
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1 FORT WORTH, TEXAS
2 FROM LEGACY TO LUXURY Founded in 1848, the family-owned Edwards Ranch predates the very city that has grown up around it. Once spanning 7,000 acres across southwest Fort Worth, land used for the Edwards cattle operation is now occupied by many landmarks such as the Fort Worth Zoo and Colonial Country Club. As passionate stewards, Cassco Development Co., the development arm of Edwards Ranch, is now focusing on the 270 acres known as Clearfork. Plans for The Shops at Clearfork involved careful consideration of how best to cultivate the last undeveloped portion of this legendary land to create a timeless contribution to Fort Worth. The Shops at Clearfork is an upscale, mixed-use development in the heart of the city. Here along the Clear Fork of the Trinity River, an inspired mix of retail, entertainment, residences and o ces blends with expanses of natural green space and direct access to the Trinity Trails system.
3 AN IDEAL LOCATION Hulen Street. Bryant Irvin Road. I-20. I-30. Almost every major tra c artery in Fort Worth connects with The Shops at Clearfork, while the new Chisholm Trail Parkway provides easy access not only from downtown but also from the growing suburban areas to the south.
4 DESIRABLE DEMOGRAPHICS Fort Worth s phenomenal growth is occurring all around The Shops at Clearfork with the Phase III expansion of Riverhills, its neighboring residential community in the immediate vicinity, and in the Museum District only minutes away. The Shops at Clearfork is a shopping, dining and entertainment destination surrounded by a distinguished cluster of a uent neighborhoods. 3 MILES 5 MILES Population Workplace Employees Households Average HH Income HH Earning $75,000+ HH Earning $100, ,508 58,514 44,807 $96, % 28.9% Population Workplace Employees Households Average HH Income HH Earning $75,000+ HH Earning $100, , , ,304 $80, % 23.5% 10 MILES TRADE AREA Population Workplace Employees Households Average HH Income HH Earning $75,000+ HH Earning $100, , , ,130 $70, % 19.5% Population Workplace Employees Households Average HH Income HH Earning $75,000+ HH Earning $100,000+ 1,216, , ,396 $77, % 24.6% *Information as of 5/1/18. Source: SPG Research; trade area demographic information per STI: PopStats (2017).
5 UNDENIABLE OPPORTUNITY Fort Worth s size, favorable business climate, sophistication and receptive, upscale population add up to a market primed for The Shops at Clearfork. Neiman Marcus immediately recognized this historic opportunity and made the decision to relocate from its well-performing site at Fort Worth s Ridgmar Mall to anchor The Shops at Clearfork s retail component. The Shops at Clearfork features a carefully orchestrated mix of luxury retail, restaurants and entertainment from a blend of national, regional and local brands. PHASE I (Now Open): The Shops at Clearfork 90,000-square-foot Neiman Marcus 380,000 square feet of luxury and specialty retail, restaurant and entertainment uses O ce 125,000 square feet of Class A o ce space (over retail) Residential The Kelton at Clearfork features 392 luxury apartment homes Ultimate 270-Acre Build-Out 2M square feet of o ce 1.2M square feet of retail 2,500 multifamily units
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8 PROPERTY OVERVIEW
9 THE SHOPS AT CLEARFORK PLAZA VIEW
10 THE SHOPS AT CLEARFORK STREETSCAPE VIEW
11 THE SHOPS AT CLEARFORK
12 THE SHOPS AT CLEARFORK
13 THE SHOPS AT CLEARFORK
14 THE SHOPS AT CLEARFORK
15 THE SHOPS AT CLEARFORK
16 THE SHOPS AT CLEARFORK
17 THE SHOPS AT CLEARFORK
18 A CITY FOR GROWTH The city where the West begins has a business-friendly tax structure that also makes it a city beautifully situated for commerce and industry. Forbes ranks it among the best places for business and careers, with one of the fastest-growing metropolitan areas. DFW International Airport and an extensive transportation infrastructure put international trade within easy reach. It s also a wonderful place to live, with one of the best housing markets in the U.S. according to the Brookings Institution. Additionally, the city hosts 9.1 million visitors a year, making it one of the nation s premier travel destinations. FORT WORTH WATER GARDENS
19 Fort Worth is a vital part of the Dallas Fort Worth Metroplex, the fourth-largest metro area in the United States, growing by 100,000 residents every year. Fort Worth is the urban heart of Tarrant County, whose 30,000 new residents last year made it the county with the nation s eighth-largest numeric increase in population. Fort Worth ranks number three in large cities with the fastest growing economy. Fortune ranks the Dallas-Fort Worth area among the 25 best cities to nd a job. Aviation, technology, energy, education and healthcare drive the Fort Worth economy. Major corporations in Fort Worth include Lockheed Martin, American Airlines Group, Bell Helicopter, Alcon Laboratories and Justin Industries.
20 The Cultural Capital of the Southwest, Fort Worth has one of the largest arts districts in the United States. Just three miles from The Shops at Clearfork sits the world-famous Fort Worth Cultural District. The area includes the Fort Worth Botanic Garden, the Botanical Research Institute of Texas, the Fort Worth Zoo and ve internationally recognized museums, each known for its unique collections and distinctive architecture. Kimbell Art Museum (Louis Kahn) Amon Carter Museum of American Art (Philip Johnson) Fort Worth Museum of Science and History (Legorreta + Legorreta) Modern Art Museum of Fort Worth (Tadao Ando) National Cowgirl Museum and Hall of Fame (David M. Schwarz) MODERN ART MUSEUM OF FORT WORTH 3 MILES FROM THE SHOPS AT CLEARFORK
21 THE START OF SOMETHING BIG The Shops at Clearfork rede nes the masterplanned, mixed-use development with 270 acres of diverse residential options, miles of riverfront access and a carefully curated mix of retail, o ce, entertainment and green spaces. Phase I of the residential component, The Kelton at Clearfork, opened in Summer Comprised of nearly 400 apartment and town homes, the luxury residences feature a multiterrace pool and grilling area, multiple courtyards for gathering, a tness center and a rooftop lounge with downtown views.
22 FUTURE RESIDENTIAL AT CLEARFORK FORT WORTH, TEXAS
23 A TRUE COMMUNITY The Trailhead is ideally located on the riverfront of the Trinity Trails within Clearfork. It s a place to start and end your Trinity Trails experience. From running to cycling to tness and other outdoor adventures, The Trailhead has something for all ages and tness levels. The Trailhead Cycling and Fitness Center will build o The Trailhead s initial concept to become a premier destination for cycling, tness and health enthusiasts of all levels, with a direct connection to the Trinity Trails system. The 11,000-square-foot facility includes numerous amenities and opened Spring Heart of the Ranch is Clearfork s distinct home-grown event space that preserves the heritage and soul of Edwards Ranch. With views of the Trinity River and the downtown skyline, Heart of the Ranch provides an outdoor setting unlike any other in Fort Worth. Texas Health Hospital Clearfork is a private, 45-bed hospital with a full-service surgical center that brings the latest technology, highly regarded medical professionals and the highest-quality care to Clearfork. Opened in November 2014, the 80,000-squarefoot building houses 12 operating rooms, 45 patient rooms and 12 VIP suites and employs approximately 300 people.
24 A POWERFUL PARTNERSHIP Cultivating the legacy and the potential of The Shops at Clearfork are two extraordinary organizations that promise to deliver an o ering unlike anything Fort Worth has seen. At the core of their development philosophy, Cassco Development Co. has great respect for the land and its historical importance in Fort Worth. As the development arm of Edwards Ranch, Cassco will develop The Shops at Clearfork with the same care and attention to detail that the Edwards family has provided for more than a century and a half. The company will spearhead the overall 270- acre, mixed-use development project. A global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations, Simon will provide unparalleled leasing and management expertise for the retail portion of The Shops at Clearfork Phase I. Leasing: Vicki Hanor (212) vhanor@simon.com Greg Vlahos (817) gvlahos@simon.com Dennis Cara ol (317) dennis.cara ol@simon.com Richey Neeson (817) rneeson@simon.com Big Box & Theatre Development: Sundesh Shah (317) sshah@simon.com Restaurant Leasing: Jennifer Kaufman (317) jennifer.kaufman@simon.com
25 225 West Washington Street Indianapolis, IN (317) simon.com Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).
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