Developer buying up property in Fort Worth’s Six Points Urban Village
03/23/2014 12:26 PM
03/23/2014 12:28 PM
Dallas-based Criterion Development Partners, developers of high-end multifamily properties in Texas and Massachusetts, has been quietly buying up property along Race Street in the Six Points Urban Village just northeast of downtown Fort Worth.
Pretlow Riddick, Criterion’s president and principal, did not return several phone calls seeking comment on the acquisitions and plans for the property.
According to deed records, the properties Criterion has bought since January include 2925 Race St., sold by MEI Investments in Arlington; 412 N. Sylvania Ave., a 10,300-square-foot vacant building sold by Fort Worth Bingo; and, 2805 Belknap St., from JDW Family Enterprises in Fort Worth.
Also, the developer has bought out of foreclosure from Liberty Bank 2707 Race St., which houses Dino’s Sports Bar; 2719 Race St., which houses Fuzzy’s Taco Shop; 0.2 acre at 2913 Race St.; and 1.2 acres at 3000 McLemore Ave.
Since its founding in 2004, Criterion has developed apartment communities in Richardson, Dallas, Austin and San Antonio, as well as several in Massachusetts, according to its website.
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The V Spot Vapor Lounge has leased 1,200 square feet at Western Center Plaza. Eric Vickers of Colonial Commercial Real Estate represented the landlord, Premier Northwest Holdings Ltd.
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