Demolition Begins on Festival Marketplace Mall in Arlington, Texas
Closed Mall Makes Way for 1.3. Million SF Pioneer 360 Business Park
ARLINGTON, TEXAS - October 8, 2007 - Bob Moore Construction has begun demolition of Arlington's Forum 303 / Festival Marketplace Mall to make way for three new office / warehouse facilities.
PICTURED RIGHT: Arlington Mayor Robert Cluck tests out the demolition equipment at the Forum 303 / Festival Marketplace Mall, which is being removed to make room for 1.3 million square feet of office and warehouse space at the new Pioneer 360 Business Park.
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.
More Information on Pioneer 360 Business Park and Festival Marketplace Demolition in Arlington, Texas:
About Bob Moore Construction
Now Celebrating 70 years of construction excellence in Texas and around the United States!
A recipient of the QUOIN / AGC General Contractor of the Year Award, the TEXO / 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. An industry leader in tilt-up construction, the company was the first general contractor in the United States to be formally certified as a TCA Certified Company by the Tilt-up Concrete Association (TCA). Bob Moore Construction was also one of the first general contractors in North Texas to be accepted into the OSHA Local Partnership program in recognition of its superior safety program. The company's portfolio includes a wide range of commercial 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. Bob Moore Construction is a member of TEXO / Associated General Contractors of America, American Concrete Institute and a sustaining member of the TCA.
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