Demolition Begins on Festival Marketplace Mall in Arlington, Texas; Closed Mall Makes Way for 1.3. Million SF Pioneer 360 Business Park
Bob Moore Construction has begun demolition of Arlington's Forum 303 / Festival Marketplace Mall to make way for three new office / warehouse facilities. Demolition of the closed mall began in September and will be completed in November, clearing the way for the new Pioneer 360 Business Park; the $55 million of construction for this business park will include 1.3 million square feet of office and warehouse space.
The Forum 303 Mall was built in 1970. It was renamed the Festival Marketplace in 1988 and finally shut its doors in 2006. Demolition of the closed mall began in September and will be completed in November, clearing the way for the new Pioneer 360 Business Park; the $55 million of construction for this business park will include 1.3 million square feet of office and warehouse space.
The developer for this project is Brian Flaherty of Flaherty Development. Bob Moore Construction is the General Contractor and Alliance Architects of Richardson, Texas is the architect. The Pioneer 360 Business Park comes on the heels of the successful collaboration between Flaherty Development and Bob Moore Construction on a 651,000 SF distribution center in Flower Mound, Texas.
"We're very happy to get this project underway," said Kyle Whitesell, Senior Project Manager for Bob Moore Construction. "Bringing down the Festival Marketplace mall and replacing it with a well designed, attractive business park will do a lot to improve the value and appearance of this area. The City of Arlington has worked closely with Brian Flaherty and created the incentives and opportunities to make this project possible and economically viable. We believe that when this project is completed it will have a major, positive impact on the city for a long time to come."
The Pioneer 360 Business Park is part of the City's Champion Arlington strategy, which supports development through tax incentives and abatements. The City of Arlington provided $3 million in incentives including a 75% tax abatement on new added value over a 10 year-period. The City will also provide assistance with infrastructure improvements and fee waivers during the construction. In return, along with the tax revenues and increased land values the Pioneer 360 Business Park is expected to bring 350 new jobs to Arlington.
"We are supporting this project with tax abatements and other incentives because it will mean a great deal to the city in the future," said Arlington Mayor Robert Cluck. "The new business park is part of the same strategic plan for Arlington that included the Cowboys Stadium and the Rangers' stadium. We've proved over and over that incentives work. This is another great example of a city giving a little now and getting a lot in return down the road."
For leasing information on Pioneer 360 Business Park please contact Michael Stanzel or Robert Reese at 214/259-7100 or 817/885-8333.
Photos of the Festival Marketplace Demolition in Arlington, Texas can be found at http://www.generalcontractor.com/photos/forum%2D303/
About Bob Moore Construction
A recipient of the QUOIN / AGC General Contractor of the Year Award, the QUOIN / AGC Summit Award for Construction Excellence and the Texas Building Branch-AGC Outstanding Construction Award, Bob Moore Construction has been one of the most respected commercial construction companies in Texas since 1946. A leading proponent of jobsite safety, Bob Moore Construction became one of only five general contractors in North Texas to be accepted into the OSHA Local Partnership program in 2007. The company's portfolio includes a wide range of buildings, from warehouses and distribution centers to office buildings and retail stores. Whether it is providing general contractor, design / build or construction management services, Bob Moore Construction's goal remains the same: to deliver quality construction projects on time and in budget. Thanks to this focus on customer satisfaction and integrity, Bob Moore Construction celebrated its 60th anniversary in 2006. Bob Moore Construction company has been showcased on http://www.ConstructionCompany.com, a website that recognizes some of the top ranked construction companies and commercial contractors in the United States. http://www.GeneralContractor.com is the best source of information about the commercial construction company, its projects and more. The website is updated regularly with press releases, newsletters, completed project write-ups and construction articles.
Bob Moore Construction, Inc.
Jeff Schaefer, Information Manager
1110 North Watson Road
Arlington, Texas 76011
Phone: (817) 640-1200
Fax: (817) 640-1250