Tarrant Self-Storage Facility Bought by Economic-Development Project

This week the board of the Tarrant, Texas, Regional Water District voted to buy a self-storage property as part of Trinity Uptown, the city’s flood-control and economic-development project. Owned by Shope and Ryan Management, a Fort Worth, Texas-based real estate investment company, the 1.8-acre property sold for $1.4 million. It was needed for right of way for a new bridge and the extension of another road.
 
Trinity Uptown, scheduled for completion in 2021, is designed to provide flood protection and encourage riverfront development. The entire local contribution for the project is expected to be $422 million, with the federal contribution reaching $487 million.
 
Source: Fort Worth Star Telegram, Water district buys storage center site for Trinity Uptown

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